Mixed-Use Asset | Stabilized Occupancy | Louisville KY

Louisville, KentuckyStabilized 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.