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Property profile & analytics
OFF-MARKET
Estimated value
$2,825,000
Sports & entertainment properties
201 Park Pl Dr Middletown, KY 40243-2524
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-2371470
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1996
Total area
16,366 SF
Lot
4.59 ac (199,940 SF)
Zoning code
C2-COMMERCIAL
APN
22043700440000
UPID
US34-2371470
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$2.83M
Owner & transaction history
201 Park Place LLC · 4 yrs held
201 Park Place LLC
since 2022
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
C2-COMMERCIAL · Middletown, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+93.6%
Restaurant
$2.0M
+93.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,935,000
ML approach
$2,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,960,000
Change: +94% · Conversion: Difficult
RESTAURANT
$1,955,000
Change: +93% · Conversion: Difficult
Blend value · Realmo final
$2.83M
Range $2.54M – $3.11M · ±10% · vs last sale $2.75M (Jul 13 2022)
Last sale anchor
$2.75M
Jul 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,845
Tax year 2023
Assessed value
$2,750,000
Assessed 2023
Previous assessed
$1,468,000
+87.3% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,215,970
Assessed improvement
$1,534,030
Land market value
$1,215,970
Improvement market value
$1,534,030
Total market value
$2,750,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1996
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
16,366 SF
Lot
4.59 ac (199,940 SF)
Zoning code
C2-COMMERCIAL
APN
22043700440000
UPID
US34-2371470
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Middletown, KY
Zoning C2-COMMERCIAL · permitted uses
C2-COMMERCIAL · Middletown, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
4.59 ac
Current owner
From public records · entity-resolved
201 Park Place LLC
Entity
Mailing address
11601 MAIN ST, LOUISVILLE, KY 40243-1384
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
$2,750,000
201 Park Place LLC
Cook Real Estate Holdings LLC
Deed
—
Oct 18, 2019
$1,467,956
Cook Real Estate Holdings LLC
Renaissance Of The Park LLC
Grant Deed
related
$1,500,000 · First Nat'l Bk/russell Springs
—
—
Renaissance Of The Park LLC
—
Deed Of Trust
related
$2,393,280 · Morgantown Bank&trust Co INC
—
—
Renaissance Of The Park LLC
—
Loan Modification
related
—
—
—
Renaissance Of The Park LLC
—
Deed Of Trust
related
$1,904,881 · First Capital Bank Ky
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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