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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Warehouses
4605 Melton Ave Louisville, KY 40213-3433
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0007260
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
4,900 SF
Lot
0.52 ac (22,847 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
23080700640000
UPID
US34-0007260
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
Current use
Occupant on record · Public records
-
VOCARS Kentucky LLC - Vegetable Oil Collection and Recycling Services Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$815k
Owner & transaction history
4605 Melton LLC · 4 yrs held
4605 Melton LLC
since 2022
Last sale
$815,000
6 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$940,000
+162.3%
Retail stores
$770,000
+115.5%
Office building
$570,000
+59.5%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
$825,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$940,000
Change: +162% · Conversion: Easy
RETAIL STORES
$770,000
Change: +116% · Conversion: Moderate
OFFICE BUILDING
$570,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $815k (Mar 16 2022)
Last sale anchor
$815k
Mar 16 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
$166 / 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
$8,662
Tax year 2023
Assessed value
$741,590
Assessed 2023
Previous assessed
$466,590
+58.9% YoY
Effective rate
1.17%
On assessed value
Assessed land
$68,170
Assessed improvement
$673,420
Land market value
$68,170
Improvement market value
$673,420
Total market value
$741,590
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
YES
Cooling
YES
Stories
1
Total area
4,900 SF
Lot
0.52 ac (22,847 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
23080700640000
UPID
US34-0007260
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Zoning EZ1-ENTERPRISE ZONE · permitted uses
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$940,000
RETAIL STORES
Est. value
$770,000
OFFICE BUILDING
Est. value
$570,000
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1980
Heating
YES
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
4605 Melton LLC
Entity
Mailing address
4605 MELTON AVE, LOUISVILLE, KY 40213-3433
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
$815,000
4605 Melton LLC
4605 Melton Avenue LLC
Special Warranty Deed
$692,750 · Truist Bank
Feb 24, 2020
$540,000
4605 Melton Avenue LLC
Cundiff Ents LLC
Grant Deed
—
Jan 10, 2007
—
Cundiff Ents LLC
—
Trustees Deed
related
$250,000 · J P Morgan Chase Bank
—
—
Cundiff Ents LLC
—
Deed Of Trust
related
$525,000 · Pnc Bank
—
—
Cundiff Ents LLC
—
Deed Of Trust
related
$249,725 · Fifth Third Bank Louisville
—
—
Cundiff Ents LLC
—
Loan Modification
related
—
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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