You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $30,285,000
Retail space

5005 Shelbyville Rd Saint Matthews, KY 40207-3309

211,009 SF 19.71 ac lot Built 1969
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US34-0192921
Property summary
AI-generated overview

The Saint Matthews Gateway, a premier Louisville shopping destination, offers exceptional retail space in a high-traffic location. This single-story, 220,000 square foot building boasts 14 suites, with 23,000 square feet currently vacant. Spaces range from a minimum of 2,000 square feet to a maximum contiguous space of 23,000 square feet, providing flexibility for various retail needs. The property is zoned commercial and situated in the desirable Saint Matthews submarket of Louisville, Kentucky, at 5005 Shelbyville Road, zip code 40207. Its strategic location at the entrance to Saint Matthews' top shopping district benefits from high visibility and accessibility, with Shelbyville Road experiencing 55,000 vehicles per day and I-264 seeing 110,000 vehicles per day. The center attracts approximately 1.9 million visitors annually, anchored by strong national tenants including Best Buy, Total Wine, Ballard Designs, and Golf Galaxy. Texas Roadhouse and McDonald's are conveniently located on the outparcels, further enhancing the property's appeal and foot traffic. This opportunity presents a unique chance to establish or expand a business within a thriving retail environment. The property is ideal for a variety of uses, including medical, barbershop, office, and department store tenants.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Total area 211,009 SF
Lot 19.71 ac (858,568 SF)
Zoning code C2-COMMERCIAL
APN 21002000400000
UPID US34-0192921
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Texas Roadhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$37.43M
Comparable Approach Comparable
$22.51M
Blend (final) Blend
$30.29M
Owner & transaction history
Rb Properties I LLC · 4 yrs held
Rb Properties I LLC
since 2022
6 recorded transactions
2022
Price N/A
2020
Price N/A
2019
$4.0M
2017
Price N/A
2017
Price N/A
2006
$11,750
Zoning & alternative use
C2-COMMERCIAL · Saint Matthews, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $46.5M +0.8%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5005 Shelbyville Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message