Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9401 Blue Lick Rd Louisville, KY 40229

    Property Lookup

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

    9401 Blue Lick Rd Louisville, KY 40229

    View on Map
    • Retail space
    • 9.98 lot acres
    Off-Market
    Property ID
    US34-0287767
    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

    • Retail space

    Property Details for 9401 Blue Lick Rd

    Lot size
    9.98 lot acres
    Property type
    Retail space
    Property subtype
    High-rise multifamily apartments
    APN
    066002450000 and 066000080000

    Description

    This exceptional 9.98-acre industrial property, located at 9401 & 9403 Blue Lick Road in Louisville, Kentucky (zip code 40229), presents a unique investment opportunity. The land is level and boasts significant road frontage on Interstate 265, offering excellent accessibility. Currently zoned R-4 (Residential Single Family District), the property's potential is amplified by its adjacency to the Southside Quarry, including partial water rights. The site also features a 1,046 square-foot rental home. This property is ideally suited for development or re-zoning, capitalizing on the area's positive growth trajectory. Nearby developments include planned apartment complexes on South Park Road and a major road widening project slated for Blue Lick Road, further enhancing the property's value and future prospects. The asking price for this prime Louisville location is $1,000,000. Parcel numbers are 066002450000 and 066000080000. This is a rare chance to acquire a substantial land parcel with significant development potential in a rapidly growing area of Louisville.

    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
    -85.685773
    Latitude
    38.111775

    Comparable in this City

    • Contact for pricing

      Modern Multifamily Community in Louisville

      96-unit apartment community with modern amenities in a growing area.
      11011 Preston Gardens Ct, Louisville, KY 40229
      View Details
    • Contact for pricing
      134,481 SF

      Preston Gardens Multifamily Community

      96-unit Class A multifamily community in Louisville, Kentucky.
      11011 Preston Gardens Ct, Louisville, KY 40229
      View Details
    • $625,000

      Louisville Land Development Opportunity

      Land with approved plans for 26 townhome-style condos.
      9707 Preston Spring Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Wooded Land Ready for Development

      1.1 acre corner lot zoned C-2 ready for development.
      4909 Cooper Chapel Rd, Louisville, KY 40229
      View Details
    • $6,626,115

      Penn Run Golf Course Land

      Development opportunity: Penn Run Golf Course in Jefferson County.
      12900 Christman Dr, Louisville, KY 40229
      View Details
    • $245,000
      2.96 Acres

      Residential Land in Louisville, KY

      2.96 acre lot ready for your dream home.
      3407 Ripple Creek Dr, Louisville, KY 40229
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Modern Multifamily Community in Louisville

      96-unit apartment community with modern amenities in a growing area.
      11011 Preston Gardens Ct, Louisville, KY 40229
      View Details
    • Contact for pricing
      134,481 SF

      Preston Gardens Multifamily Community

      96-unit Class A multifamily community in Louisville, Kentucky.
      11011 Preston Gardens Ct, Louisville, KY 40229
      View Details
    • $625,000

      Louisville Land Development Opportunity

      Land with approved plans for 26 townhome-style condos.
      9707 Preston Spring Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Wooded Land Ready for Development

      1.1 acre corner lot zoned C-2 ready for development.
      4909 Cooper Chapel Rd, Louisville, KY 40229
      View Details
    • $6,626,115

      Penn Run Golf Course Land

      Development opportunity: Penn Run Golf Course in Jefferson County.
      12900 Christman Dr, Louisville, KY 40229
      View Details
    • $245,000
      2.96 Acres

      Residential Land in Louisville, KY

      2.96 acre lot ready for your dream home.
      3407 Ripple Creek Dr, Louisville, KY 40229
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Outparcel in Hillview Community

      Retail outparcel available in Hillview Community with great visibility.
      11811 Standiford Plaza Dr, Louisville, KY 40229
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Available For Lease

      5,000 square feet of retail space for rent.
      191 Wilma Ave, Louisville, KY 40229
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      Shell space available, landlord will deliver in vanilla boxed condition.
      5406 Antle Dr, Louisville, KY 40229
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      9500 Preston Hwy, Louisville, KY 40229
      View Details
    • Contact for pricing

      Interchange Drive Commercial Property

      Commercial property available for rent on Interchange Drive.
      11400 Interchange Dr, Louisville, KY 40229
      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.
    9401 Blue Lick Rd
    Louisville, KY 40229
    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.
    Sign Up Successful!
    You now have access to more from Realmo!