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927 Madison St Louisville, KY 40204-1032

OFF-MARKET Manufacturing properties Google Maps
13,070 SF 0.11 ac lot Built 1880
Individually Owned 1-yr Hold Free & Clear
Estimated value (blended)
$290k
Range $261k – $319k (±10%)
Property ID US34-0038371

Property summary

AI-generated overview

This versatile 13,070-square-foot flex warehouse in the desirable Phoenix Hill/Nulu submarket presents a unique investment opportunity. The two-story, Class B building, constructed in 1880 and renovated in 1975, sits on a 0.44-acre lot (19,166.4 total lot size) and offers a blend of warehouse, office, and potential commercial kitchen space. The first floor features a commercial kitchen, office space, and ample storage areas, along with a half-bathroom. The second floor provides expansive open space ideal for storage or workshops, accessible via stairs. A non-operational lift offers potential for future restoration. The property boasts two drive-in doors, providing convenient access, and six total parking spaces within a fenced area. Three adjacent vacant lots offer potential for expansion. The building features a TPO/PVC roof less than three years old. The asking rent is $5 per square foot annually, with additional operating costs to be tenant responsibility. The owner is open to creative lease terms, including an option to purchase. The property is zoned OR2 and has a frontage of 90 feet. This multi-functional space is perfect for a variety of businesses seeking a unique and adaptable location in a vibrant urban setting. All prospects are encouraged to tour the property.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1880
Total area 13,070 SF
Lot 0.11 ac (4,948 SF)
Zoning code OR2-OFFICE/RESIDENTIAL
APN 04016E01610000
UPID US34-0038371

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
2 recorded transactions
2025
$162,000
2014
$162,000

Zoning & alternative use

OR2-OFFICE/RESIDENTIAL · Louisville, KY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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