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Financial
Distress signals
Property profile

5223 Dixie Hwy Louisville, KY 40216

FOR LEASE
Retail space
Property ID
US34-2305379
17,979 SF 0.83 ac lot Built 1953
Last sale Sep 2019 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional two-story, 25,652 square foot commercial building at 5223 Dixie Hwy in Louisville, Kentucky offers prime executive office space. The property boasts a highly visible location on Dixie Highway, enhanced by a traffic light and new medians ensuring easy access. Currently, 1,550 square feet of vacant space is available, with options ranging from 1,200 to 2,750 square feet. The first-floor space offers 1,200 square feet, while the second-floor vacancy (1,550 sq ft) provides…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$1.67M
Assessed land$520k
Assessed improvement$1.15M
Effective rate1.20%

Value estimate

· Oct 2026
$1.03M
$923k – $1.13M
Submarket $/SF estimate$1.39M
NOI build-up
Gross scheduled income$493k
Vacancy & credit loss−$37k
Operating expenses−$137k
NOI · 1,594,530.00% cap applied$319k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$85/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$53 – $128
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,594,530.00%
$319k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1-COMMERCIAL
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.4
Building Supply26.4
Wholesale Shop25.2

Location

5223 Dixie Hwy Louisville, KY 40216
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4610 Cane Run, Louisville, KY 40216-3420 $400,000 Jul 2025 5,662 SF
4103 Cane Run, Shively, KY 40216-4851 $400,000 Aug 2024 5,498 SF
5220 Dixie, Louisville, KY 40216-1704 $1,954,000 Jan 2024 7,735 SF
4823 Dixie, Louisville, KY 40216-2503 $315,000 Oct 2023 5,331 SF
3605 Dixie, Shively, KY 40216-4105 $425,000 May 2023 5,160 SF
4915 Dixie, Louisville, KY 40216-2501 $18,600,000 Feb 2023 19,375 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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