Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9800 3rd St Rd Louisville, KY 40272-2802
    Back to Search
    Property profile & analytics

    9800 3rd St Rd, Louisville, KY 40272-2802

    View on Map
    • Retail space
    • 1,504 SF
    • 0.85 lot acres
    Off-Market
    Last Sale Jan 27, 2026
    $290,000
    Property ID
    US34-0216646
    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

    • Split Endz / Hair Salon / Nail Salon

    Property Details for 9800 3rd St Rd

    Year built
    1965
    Lot size
    0.85 lot acres
    Zone code
    C1-COMMERCIAL
    Property type
    Retail space
    APN
    24104800610000
    APU
    24104800610000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 27, 2026 $290,000 James Owen Tammie Jackey Warranty Deed —
    Jan 27, 2026 — Tammie Jackey Tammie Morris Deed · related —
    — — Douglas E Morris — Deed Of Trust · related $140k · National City Bank Kentucky
    — — Douglas E Morris — Deed Of Trust · related $51k · National City Bank
    — — Douglas Morris — Deed Of Trust · related $163k · Pnc Bank

    Description

    This exceptional 1,500 square foot retail property, located at 9800 3rd Street Road in Louisville, Kentucky, presents a compelling investment opportunity. Priced at $299,000 ($199.33 per square foot), this versatile space is currently operating as a salon but is ideally suited for a variety of uses. The property boasts a C1/R4 zoning designation, offering flexibility for potential tenants. Its prime location on 3rd Street Road ensures high visibility, with a significant daily traffic volume exceeding 10,080 vehicles. The 0.798-acre lot (per Lojic) includes convenient on-site parking located behind the building. The existing structure offers easy ingress and egress to 3rd Street Road, and the property's configuration allows for the possibility of a drive-through lane, a significant advantage for quick-service restaurants or similar businesses. This property is perfect for a variety of concepts, including a quick-service restaurant (QSR), coffee shop/cafe, salon, or office space. Its strong location and adaptable layout make it an attractive investment for both established businesses and new ventures. The Jefferson County address and 40272 zip code further enhance its accessibility and appeal.

    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
    -85.8365
    Latitude
    38.1151
    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
    $2,144
    $91,620
    $87,360
    $178,980
    -
    $91,620
    $87,360
    $178,980

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      5301 Vly Sta Rd

      RETAIL STORES (PERSONAL SERVICES)
      5301 Vly Sta Rd, Louisville, KY 40272-3933
      View Details
    • Value Estimation
      $7,305,000
      97,407 SF

      10904 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      10904 Dixie Hwy, Louisville, KY 40272-4306
      View Details
    • Value Estimation
      $5,495,000
      73,484 SF

      10713 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      10713 Dixie Hwy, Louisville, KY 40272-4390
      View Details
    • Value Estimation
      $8,700,000
      110,072 SF

      10445 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      10445 Dixie Hwy, Louisville, KY 40272-3953
      View Details
    • Value Estimation
      $535,000
      3,705 SF

      13401 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      13401 Dixie Hwy, Louisville, KY 40272-1363
      View Details
    • Value Estimation
      $1,490,000
      14,750 SF

      5620 Barrett Ln

      RETAIL STORES (PERSONAL SERVICES)
      5620 Barrett Ln, Louisville, KY 40272-3936
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,668 SF

      Retail Space For Sale

      Retail space available with a 6.50% CAP rate.
      10101 Dixie Hwy, Louisville, KY 40272
      View Details
    • Contact for pricing
      2,737 SF

      Commercial Property with Redevelopment Potential

      Versatile commercial property with frontage and redevelopment opportunities.
      14216 Dixie Hwy, Louisville, KY 40272
      View Details
    • Contact for pricing

      Retail Strip Mall For Sale

      Fully leased retail property in growing Jefferson County area.
      13101 Dixie Hwy, Louisville, KY 40272
      View Details
    • $749,999
      19.43 Acres

      Louisville Residential Land Opportunity

      19+ acres of residential land adjacent to Nick Rodman Legacy Park.
      1908 Herbert Ln, Louisville, KY 40272
      View Details
    • $3,999,000

      Valley Station Church and LifeCenter

      53,000 SF renovated church and LifeCenter in Louisville, KY.
      5415 Valley Station Rd, Louisville, KY 40272
      View Details
    • $58,000
      0.91 Acres

      Residential Land in Private Setting

      0.91 acre lot with garage in Louisville, Kentucky.
      13305 Bearcamp Rd, Louisville, KY 40272
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,832 SF

      Retail Center Space Available

      Retail spaces available in a 119,364 SF shopping center.
      10309-10445 Dixie Hwy, Louisville, KY 40272
      View Details
    • Contact for pricing

      Former Dentist Office on Dixie

      Successful former dentist office with high traffic location.
      10303 Dixie Hwy, Louisville, KY 40272
      View Details
    • Contact for pricing

      Retail Frontage on Dixie Highway

      Commercial land for ground lease near residential complexes.
      12601 Dixie Hwy, Louisville, KY 40272
      View Details
    • Contact for pricing

      Medical Clinic & Office Building

      Medical clinic and office building in high-traffic area.
      9616 Dixie Hwy, Louisville, KY 40272
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease.
      11705 Dixie Hwy, Louisville, KY 40272
      View Details
    • Contact for pricing
      181,800 SF

      Industrial Warehouse Space Available

      181,800 sqft warehouse space for lease in Louisville, KY.
      6524 Lewis Rd, Louisville, KY 40272
      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.
    9800 3rd St Rd
    Louisville, KY 40272-2802
    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

    Thank You for Inquiry
    9800 3rd St Rd, Louisville, KY, 40272
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!