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    6700 S Hurstbourne Pkwy Louisville, KY 40291
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    6700 S Hurstbourne Pkwy Louisville, KY 40291

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    • Commercial land
    For Sale
    $250,000
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    Hurstbourne Parkway Frontage Opportunity For Sale
    $250,000

    Hurstbourne Parkway Frontage Opportunity

    Commercial land for sale in booming Fern Creek area.

    6700 S Hurstbourne Pkwy, Louisville, KY 40291
    View Listing
    Property ID
    US34-0147703
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 6700 S Hurstbourne Pkwy

    Property type
    Commercial land
    Property subtype
    Residential land & home lots

    Description

    Opportunity to purchase Hurstbourne Parkway frontage in the booming Fern Creek trade area. Star Hill North is 18.5 acres located in the NW quadrant of S. Hurstbourne Parkway and S. Watterson Trail. The property is midway between I-64 and I-65 with frontage and full access to Hurstbourne Parkway. Zoned R-6 Multi-Family and C-1 Commercial. The property is midway between I-64 and I-65 with full access to Hurstbourne Parkway; located in the booming trade area of Fern Creek.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.639594
    Latitude
    38.162195

    Comparable in this City

    • Contact for pricing

      Corner Land Parcel For Sale

      1.3 acre corner lot suitable for office or retail.
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      Hurstbourne Parkway Frontage Opportunity

      Commercial land for sale in booming Fern Creek area.
      6700 S Hurstbourne Pkwy, Louisville, KY 40291
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    • $3,200,000

      Development Land on Beulah Church

      Prime development location with frontage on Beulah Church Road.
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      0.93 Acres

      Bardstown Road Commercial Redevelopment Opportunity

      0.92-acre property with redevelopment potential on high-traffic Bardstown Road.
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      Hurstbourne Parkway Frontage Land

      Land with excellent visibility and access on Hurstbourne Parkway.
      5910 S Watterson Trl, Louisville, KY 40291
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    • Contact for pricing

      Hurstbourne Parkway Corner Lot

      Prime commercial land with high-traffic exposure on Hurstbourne Parkway.
      5926 S Watterson Trl, Louisville, KY 40291
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hurstbourne Parkway Frontage Opportunity

      Commercial land for sale in booming Fern Creek area.
      6700 S Hurstbourne Pkwy, Louisville, KY 40291
      View Details
    • Contact for pricing

      Corner Land Parcel For Sale

      1.3 acre corner lot suitable for office or retail.
      8811 Old Bardstown Rd, Louisville, KY 40291
      View Details
    • $3,200,000

      Development Land on Beulah Church

      Prime development location with frontage on Beulah Church Road.
      9311 Beulah Church Rd, Louisville, KY 40291
      View Details
    • $299,000
      0.93 Acres

      Bardstown Road Commercial Redevelopment Opportunity

      0.92-acre property with redevelopment potential on high-traffic Bardstown Road.
      5017 Bardstown Rd, Louisville, KY 40291
      View Details
    • $1,566,680

      Hurstbourne Parkway Frontage Land

      Land with excellent visibility and access on Hurstbourne Parkway.
      5910 S Watterson Trl, Louisville, KY 40291
      View Details
    • Contact for pricing

      Hurstbourne Parkway Corner Lot

      Prime commercial land with high-traffic exposure on Hurstbourne Parkway.
      5926 S Watterson Trl, Louisville, KY 40291
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bardstown Road Development Opportunity

      0.95 acre commercial land on high-traffic Bardstown Road.
      4920 Bardstown Rd, Louisville, KY 40291
      View Details
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      Retail Space in Fern Creek

      Class-A retail space in high-growth Fern Creek trade area.
      7931 Bardstown Rd, Louisville, KY 40291
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      Retail Space in Piccadilly Square

      Retail spaces available in renovated Louisville shopping center.
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      Medical Office Space For Rent

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      Retail Space in High-Traffic Area

      Retail space with high visibility near major retailers and healthcare.
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      5,308 SF

      Retail Space on Bardstown Road

      Retail spaces available in high-traffic Fern Creek area.
      6403 Bardstown Rd, Louisville, KY 40291
      View Details
    View Listing
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    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.

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