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Property profile & analytics
OFF-MARKET Estimated value $5,000,000
Retail space

6900 Bardstown Rd Louisville, KY 40291-3223

63,399 SF 5.04 ac lot Built 1987
Entity Owned 6-yr Hold Free & Clear
Property ID
US34-2386337
Property summary
AI-generated overview

Cedar Springs Shopping Center presents a compelling investment opportunity in Louisville, Kentucky's thriving Fern Creek submarket. This 114,907 square foot retail center boasts a strong anchor tenant: a high-performing Kroger grocery store consistently ranking among the chain's top performers in terms of square footage traffic, according to Placer. The center is strategically situated at 6900 Bardstown Road, enjoying excellent visibility and accessibility near the intersection of I-265, a major thoroughfare. Currently, there is 3,225 square feet of vacant space available, including one 1,600 square foot unit, ideal for a variety of retail or office uses. The property's diverse tenant mix, encompassing retail and office spaces, ensures a robust and stable income stream. Located in Jefferson County, Kentucky, zip code 40291, this property benefits from a strong local economy and a dense population base within the Fern Creek area. The available space offers a unique chance to capitalize on the high foot traffic generated by the anchor tenant and the center's prime location. This is an exceptional opportunity to acquire a well-positioned asset in a rapidly growing market. The property's size, tenant mix, and location combine to create a compelling investment proposition for discerning buyers.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Total area 63,399 SF
Lot 5.04 ac (219,630 SF)
Zoning code C2-COMMERCIAL
APN 23063802820000
UPID US34-2386337
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
  • Cedar Springs Shopping Center Shopping Center & Mall
  • Kroger Fuel Center Gas Station
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • higi Physician
  • Fifth Third Bank & ATM Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.55M
Blend (final) Blend
$5.00M
Owner & transaction history
Cedar Springs Fc I LLC · 6 yrs held
Cedar Springs Fc I LLC
since 2020
3 recorded transactions
2020
Price N/A
2020
Price N/A
2018
Price N/A
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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