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    707 3Rd St Louisville, KY 40202

    • Commercial real estate
    • 129,825 SF
    • 0.39 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $8,115,000
    Last Sale
    Jul 14, 2021
    $8,250,000
    Location Intelligence
    Property ID
    US34-0043263
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 707 3Rd St

    Year built
    1912
    Construction
    TILT-UP CONCRETE
    Lot size
    0.39 lot acres
    Property size
    129,825 SF
    Zone code
    C3-CENTRAL BUSINESS
    Property type
    Commercial real estate
    APN
    08030A00530000
    APU
    08030A00530000

    Description

    The Weissinger-Gaulbert Tower, a landmark building constructed in 1912, offers exceptional commercial space for lease in the heart of Louisville, KY. Located at 707 S 3rd St, this 7,030 square foot building boasts a prime location with street-level accessibility from both Broadway and 3rd Street. Currently, the entire 7,030 square feet is available, divisible into units ranging from a minimum of 285 square feet to a maximum contiguous space of 3,178 square feet. The property is zoned PDD (Planned Development District) and features a single building with one elevator. Ideal for a variety of uses, including executive office, medical office, retail, restaurant, or hospitality businesses, this property offers 12-foot ceilings and presents a unique opportunity to occupy a piece of Louisville's rich history. The Jefferson County property (APN: 030A00530000) is perfect for businesses seeking a prestigious address and flexible space options. Multiple tenancy is available. This is a rare chance to secure a prominent location in a historic building with excellent visibility and accessibility.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,460,000
      6.5%
      $7,935,000
      7%
      $8,410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,615,000
      Geo Method
      $7,650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,855,000
      Retail
      $7,240,000
      Mixed-Use
      $6,275,000
      Hospitality
      $8,510,000
      Educational
      $6,125,000
      Residential Income
      $6,270,000
      Energy
      $7,420,000
      Income-Based Land
      $7,430,000
      Food Service
      $8,135,000

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7565
    Latitude
    38.2455
    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
    $117,571
    $434,490
    $7,815,510
    $8,250,000
    -
    $434,490
    $7,815,510
    $8,250,000

    Comparable in this City

    • Value Estimation by Request
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      69,400 SF

      632 3rd St

      COMMERCIAL (GENERAL) • 69,400 SF
      632 3rd St, Louisville, KY 40202
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    • Value Estimation by Request
      7,760 SF

      711 Jefferson St

      SHOW ROOM, WAREHOUSE • 7,760 SF
      711 Jefferson St, Louisville, KY 40202-1030
      View Details
    • Value Estimation by Request
      2,835 SF

      410 Chestnut St

      Retail properties • 2,835 SF
      410 Chestnut St, Louisville, KY 40202
      View Details
    • Value Estimation by Request
      144,882 SF

      537 3rd St

      COMMERCIAL (GENERAL) • 144,882 SF
      537 3rd St, Louisville, KY 40202-1842
      View Details

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    707 3Rd St
    Louisville, KY 40202
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    Realmo Value Estimation

    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.

    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.

    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
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