Mixed-Use Asset | Stabilized Occupancy | Louisville KY
$850,000
1110 Logan St, Louisville, KY 40204
3,265 sqft
Building Size
0.075 acres
Lot Area
Details:
Description:
Stabilized mixed-use property offering a 9.83% current Cap Rate
Marketing description
1110 Logan St. is a stabilized mixed-use property offering a 9.83% current Cap Rate at the $850K asking price, with built-in mechanisms to drive NOI growth without additional capital expenditure. The property has achieved full occupancy with a lean 7.12% operating expense ratio, generating $83,592 in Net Operating Income (NOI) on $90,000 gross annual income.
Strategic rent escalation (3% annually on residential) drives the Cap Rate to 10.66% by 2031, with projected exit value of $1.21M at a 7.5% cap rate—representing $360K+ in appreciation over five years.
The property sits in Shelby Park/Smoketown, one of Louisville's most vibrant emerging neighborhoods, surrounded by 144+ restaurants and benefiting from steady Jefferson County population growth of 1.2% (2024) and a regional population projected to reach 796,278 in 2026.
Louisville, Kentucky
Location
