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

    6402 Outer Loop Louisville, KY 40228-1818

    • Auto shops
    • 1,695 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0026824
    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

    • Fast Lane Lube Center / Oil Change Service

    Property Details for 6402 Outer Loop

    Year built
    1987
    Lot size
    0.63 lot acres
    Property size
    1,695 SF
    Zone code
    C1-COMMERCIAL
    Property type
    Auto shops
    APN
    23064503380000
    APU
    23064503380000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $246,000
      Market price range: $90.3k - $247k

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6408
    Latitude
    38.1375
    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
    $3,870
    $286,940
    $41,550
    $328,490
    -
    $286,940
    $41,550
    $328,490

    Comparable in this City

    • Value Estimation
      $250,000
      0.63 Acres

      4218 Fegenbush Ln

      AUTO REPAIR, GARAGE • 0.63 Acres
      4218 Fegenbush Ln, Louisville, KY 40228
      View Details
    • Value Estimation
      $270,000
      1,600 SF

      6110 Shepherdsville Rd

      AUTO REPAIR, GARAGE • 1,600 SF
      6110 Shepherdsville Rd, Louisville, KY 40228-1024
      View Details
    • Value Estimation
      $340,000
      18,853 SF

      6305 Shepherdsville Rd

      AUTO REPAIR, GARAGE • 18,853 SF
      6305 Shepherdsville Rd, Louisville, KY 40228-1027
      View Details
    • Value Estimation
      $885,000
      10,020 SF

      6300 Fern Vly Pass

      AUTO REPAIR, GARAGE • 10,020 SF
      6300 Fern Vly Pass, Louisville, KY 40228-1060
      View Details
    • Value Estimation by Request
      33,788 SF

      7709 Beulah Church Rd

      AUTO REPAIR, GARAGE • 33,788 SF
      7709 Beulah Church Rd, Louisville, KY 40228-1738
      View Details
    • Value Estimation
      $1,285,000
      20,850 SF

      6005 Fern Vly Rd

      AUTO REPAIR, GARAGE • 20,850 SF
      6005 Fern Vly Rd, Louisville, KY 40228-1047
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.50 Acres

      Outlot Available Outer Loop Plaza

      Individual retail properties • 0.50 Acres
      7607 Outer Loop, Louisville, KY 40228
      View Details
    • $4,009,680

      New Construction Wawa NNN Lease

      Brand new Wawa with a 20-year NNN lease.
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      Louisville Residential Land - 25 Acres

      Prime Louisville development land, R-4 & R-6 zoned.
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    • $500,500

      Commercial Land For Sale

      Commercial land with C-1 zoning, suitable for retail.
      5905 Fegenbush Ln, Louisville, KY 40228
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    • Contact for pricing
      1.40 Acres

      Prime Louisville Commercial Land

      1.4-acre C-1 zoned lot, ideal retail site.
      5905 Fegenbush Ln, Louisville, KY 40228
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    • $579,000
      2.00 Acres

      Louisville Townhome Development Land

      Prime 2-3.5 acre site, 25+ townhome potential.
      7402 Beulah Church Rd, Louisville, KY 40228
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      124,000 SF

      Outer Loop Plaza: Retail Redevelopment

      Louisville, KY Retail Space: Redevelopment Opportunity
      7525 Outer Loop, Louisville, KY 40228
      View Details
    • $7 SF/Yr
      150,000 SF

      Louisville Warehouse Space Available

      Class A industrial space, 61,777 SF available
      5500 Shepherdsville Rd, Louisville, KY 40228
      View Details
    • $4 SF/Yr
      29,324 SF

      Warehouse/Distribution Space Available

      Clean warehouse/distribution space with dock and drive-in loading.
      6020 Shepherdsville Rd, Louisville, KY 40228
      View Details
    • Contact for pricing

      Prime Land Near GE Appliance

      4.2-acre commercial land for lease near GE Appliance Park.
      5002 Shepherdsville Rd, Louisville, KY 40228
      View Details
    • $12 SF/Yr
      1,392 SF

      Poplar Park Office Space Available

      Office space for rent in Poplar Park, Louisville.
      5611 Fern Valley Rd, Louisville, KY 40228
      View Details

    Property Visit Statistics

    • Visits by month
      11.1k
    • Visitors by month
      8.8k
    • Avg Time on site
      15 min
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    6402 Outer Loop
    Louisville, KY 40228-1818
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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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