Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6901 Preston Hwy Louisville, KY 40219-1809

    • Manufacturing properties
    • 155,072 SF
    • 9.99 lot acres
    OFF-MARKET
    Value Estimations
    $7,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0255036
    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

    • Precision Metal Works / Metal Fabrication Plant / Factory

    Property Details for 6901 Preston Hwy

    Year built
    1979
    Lot size
    9.99 lot acres
    Property size
    155,072 SF
    Zone code
    EZ1-ENTERPRISE ZONE
    Property type
    Manufacturing properties
    APN
    23063302610000
    APU
    23063302610000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,990,000
      Current use
      COMMERCIAL (GENERAL)
      $11,725,000
      Change: +47% Conversion: Difficult
      WAREHOUSE, STORAGE
      $11,325,000
      Change: +42% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.692
    Latitude
    38.1515
    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
    $64,240
    $652,160
    $4,847,840
    $5,500,000
    -
    $652,160
    $4,847,840
    $5,500,000

    Comparable in this City

    • Value Estimation by Request
      13.01 Acres

      4000 Tower Rd

      MANUFACTURING (LIGHT) • 13.01 Acres
      4000 Tower Rd, Louisville, KY 40219-1901
      View Details
    • Value Estimation
      $3,500,000
      12.50 Acres

      4007 Oaklawn Dr

      MANUFACTURING (LIGHT) • 12.50 Acres
      4007 Oaklawn Dr, Louisville, KY 40219-2701
      View Details
    • Value Estimation by Request
      6,084 SF

      1272 Old Fern Vly Rd

      MANUFACTURING (LIGHT) • 6,084 SF
      1272 Old Fern Vly Rd, Louisville, KY 40219-1903
      View Details
    • Value Estimation
      $1,090,000
      69,639 SF

      1103 Outer Loop

      MANUFACTURING (LIGHT) • 69,639 SF
      1103 Outer Loop, Louisville, KY 40219-3415
      View Details
    • Value Estimation by Request
      144 SF

      4001 Oaklawn Dr

      MANUFACTURING (LIGHT) • 144 SF
      4001 Oaklawn Dr, Louisville, KY 40219
      View Details
    • Value Estimation by Request
      10.16 Acres

      2311 Park Rd

      MANUFACTURING (LIGHT) • 10.16 Acres
      2311 Park Rd, Louisville, KY 40219-4762
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4.24 Acres

      Prime Louisville Commercial Land

      4.24 Acres, I-65 Access, $1.2M
      8105 Minor Ln, Louisville, KY 40219
      View Details
    • $750,000
      1.21 Acres

      Louisville Commercial Land - $750K

      1.21 Acres, High-Traffic Location
      4410 Outer Loop, Louisville, KY 40219
      View Details
    • $1,000,000
      0.73 Acres

      Prime Louisville Commercial Land

      High-traffic corner lot, C-2 zoning.
      6517 Preston Hwy, Louisville, KY 40219
      View Details
    • $900,000
      6.60 Acres

      Prime Acres in Louisville, KY

      6.6 acres of commercial land in a growing area.
      8801 Preston Hwy, Louisville, KY 40219
      View Details
    • $549,900
      0.65 Acres

      Versatile Commercial Building with Apartment

      C-1 zoned commercial building with apartment in high-visibility location.
      8107 Blue Lick Rd, Louisville, KY 40219
      View Details
    • $950,000
      6.50 Acres

      Outer Loop Commercial Land - 6.5 Acres

      Prime Louisville commercial land, high visibility, R4 zoning.
      5801 Outer Loop, Louisville, KY 40219
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Louisville Warehouse Space Available

      Warehouse space for rent at 2103 South Park Road.
      2103 South Park Rd, Louisville, KY 40219
      View Details
    • $6 SF/Yr
      7,470 SF

      Functional Warehouse with Yard Space

      7,470 SF warehouse with ample parking and storage space.
      2706 S Park Rd, Louisville, KY 40219
      View Details
    • Contact for pricing
      324,576 SF

      Modern Bulk Distribution Warehouse

      Class A warehouse under construction with I-65 access.
      8001 Air Commerce Dr, Louisville, KY 40219
      View Details
    • $15 SF/Yr
      10,000 SF

      Outer Loop Commercial Land - 1.21 Acres

      Prime Louisville Retail Land, High Traffic
      4410 Outer Loop, Louisville, KY 40219
      View Details
    • $8 SF/Yr
      46,902 SF

      Louisville Executive Office & Warehouse

      10,000 SF Available, Prime Location
      1224 Old Fern Valley Rd, Louisville, KY 40219
      View Details
    • Contact for pricing

      Louisville Warehouse Space Available

      Warehouse and industrial space for rent in Louisville, Kentucky.
      8501 Air Commerce Dr, Louisville, KY 40219
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6901 Preston Hwy
    Louisville, KY 40219-1809
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.