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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5300 Bardstown Rd Louisville, KY 40291

    • Office buildings
    • 5,537 SF
    • 0.58 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0008108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hatter Insurance now part of Schwartz Insurance Group / Insurance Agency
    • Piccadilly Square / Shopping Center & Mall
    • Bardstown Road Dental / Dental Office
    • Dr. Phillip Rusher / Dental Office
    • Dr. Taschtego Tinsley / Health Care Facility

    Property Details for 5300 Bardstown Rd

    Year built
    1972
    Lot size
    0.58 lot acres
    Property size
    5,537 SF
    Zone code
    C1-COMMERCIAL
    Property type
    Office buildings
    APN
    23203800460000
    APU
    23203800460000

    Description

    Piccadilly Square, a 32,635 square foot retail center in Louisville, KY, presents a unique redevelopment opportunity. Located at 5300 Bardstown Road, Jefferson County, this high-visibility shopping center sits at the intersection of Bardstown Road and Hurstbourne Parkway, offering excellent access and exposure. The entire 32,635 square foot space is currently vacant and available for lease, with flexible options for tenants. Minimum leasable space is 1,900 square feet, while a maximum of 23,200 contiguous square feet can be leased. The property sits on a substantial 96,370 square foot lot, allowing for potential expansion or additional development. Current plans include subdividing the space to accommodate multiple tenants. The redevelopment project will encompass significant improvements, including updated facades, enhanced lighting, and parking lot renovations. Anchor tenants such as Crunch Fitness, Five Below, Ross, Hibbett Sports, and 7Brew are already committed, further enhancing the property's appeal and drawing significant foot traffic. This is an exceptional chance to secure prime retail space in a thriving Louisville location undergoing a complete revitalization. The proposed tenant mix is subject to change. This is a padsite opportunity with potential for car wash development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $442,000
      Market price range: $442k - $930k
      AI Estimate
      $502,000
      Market price range: $378k - $1.35M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $645,000
      Current use
      RETAIL STORES
      $705,000
      Change: +9% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6051
    Latitude
    38.1683
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,579
    $292,770
    $95,960
    $388,730
    -
    $292,770
    $95,960
    $388,730

    Comparable in this City

    • Value Estimation
      $1,080,000
      5,804 SF

      8707 Old Bardstown Rd

      OFFICE BUILDING • 5,804 SF
      8707 Old Bardstown Rd, Louisville, KY 40291-4435
      View Details
    • Value Estimation by Request
      2,151 SF

      5512 Bardstown Rd

      OFFICE BUILDING • 2,151 SF
      5512 Bardstown Rd, Louisville, KY 40291-1910
      View Details
    • Value Estimation by Request
      5,304 SF

      4910 Bardstown Rd

      OFFICE BUILDING • 5,304 SF
      4910 Bardstown Rd, Louisville, KY 40291-1709
      View Details
    • Value Estimation by Request
      2,448 SF

      5712 Bardstown Rd

      OFFICE BUILDING • 2,448 SF
      5712 Bardstown Rd, Louisville, KY 40291-1914
      View Details
    • Value Estimation by Request
      1,736 SF

      5910 Bardstown Rd

      OFFICE BUILDING • 1,736 SF
      5910 Bardstown Rd, Louisville, KY 40291-1957
      View Details
    • Value Estimation
      $650,000
      0.37 Acres

      11216 Professional Park Dr

      OFFICE BUILDING • 0.37 Acres
      11216 Professional Park Dr, Louisville, KY 40291-4476
      View Details

    Similar Nearby for Sale

    • $325,000
      1.30 Acres

      Prime Louisville Commercial Land

      1.3-Acre Mixed-Use Development Site
      8811 Old Bardstown Rd, Louisville, KY 40291
      View Details
    • $250,000
      15.00 Acres

      Hurstbourne Parkway Development Land

      15 Acres, High-Traffic Location
      6700 Hurstbourne Pkwy, Louisville, KY 40291
      View Details
    • $2,600,000
      4,481 SF

      New Retail Construction on Bardstown

      New construction retail property with high traffic and national tenants.
      7724 Bardstown Rd, Louisville, KY 40291
      View Details
    • Contact for pricing

      Vacant Land Near I-65

      Centrally located vacant land with great access to I-65.
      7300 Hurstbourne Pkwy, Louisville, KY 40291
      View Details
    • $2,321,250
      6.19 Acres

      South Hurstbourne Commercial Land

      6.19 Acres, Prime Louisville Location
      5911 Watterson Trl, Louisville, KY 40291
      View Details
    • New
      $695,000
      3.35 Acres

      Fern Creek Build-Ready Lots

      15 residential lots ready for development in Hudson Creek.
      6243 Hudson Creek Dr, Louisville, KY 40291
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
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      Prime Commercial Space in Fern Creek

      4980 sqft C1 zoned space available December 2025.
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    • Contact for pricing
      6,077 SF

      Bardstown Road Retail Space For Lease

      High-traffic retail space, flexible layouts.
      7931 Bardstown Rd, Louisville, KY 40291
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    • $51 SF/Yr
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      Bardstown Road Commercial Property

      Prime Louisville Office Space, 1154 sqft
      7707 Bardstown Rd, Louisville, KY 40291
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    • $24 SF/Yr
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      Medical Office Space For Rent

      Medical office space in high-traffic location near major retailers.
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    • $25 SF/Yr
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      Glenmary Plaza Retail Center

      High-traffic retail space available.
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    5300 Bardstown Rd
    Louisville, KY 40291
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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