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    2540 Ridgemar Ct Louisville, KY 40299

    • Showrooms
    • 11,664 SF
    • 2.57 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $760,000
    Last Sale
    Jul 16, 2021
    $740,000
    Location Intelligence
    Property ID
    US34-0250225
    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

    • Showrooms

    Property Details for 2540 Ridgemar Ct

    Year built
    1992
    Lot size
    2.57 lot acres
    Property size
    11,664 SF
    Zone code
    PEC-PLANNED EMPLOYMENT CE
    Property type
    Showrooms
    APN
    22252100030000
    APU
    22252100030000

    Description

    This exceptional office opportunity is located within the desirable Bluegrass Industrial Park. The property features a single, two-story Class B building constructed in 1992, offering multiple tenancy options. Three suites are currently available, ranging from 500 to 1,760 square feet, providing flexibility for various business needs. The largest suite, Suite 101 (1,760 sq ft), boasts separate men's and women's restrooms, front and private back entrances, four individual offices, a dedicated breakroom, and a storage room. Two additional suites, Suite 202 (1,452 sq ft) and Suite 204 (500 sq ft), are also available. Suite 202 features two private offices, a large open area ideal for cubicles, and shares a breakroom and restrooms with another upstairs tenant. Suite 204 offers two offices and shares a breakroom and restrooms with another upstairs tenant. The property is zoned PEC. A significant advantage is that common area maintenance (CAM) is included in the base rent. The owner strongly prefers leasing Suites 202 and 204 together. This presents a unique opportunity to secure well-appointed office space in a convenient and established business park. Contact us today to schedule a viewing and discuss your business needs.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $765,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $690,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $675,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $735,000
      Retail
      $695,000
      Mixed-Use
      $690,000
      Hospitality
      $670,000
      Educational
      $755,000
      Residential Income
      $700,000
      Energy
      $800,000
      Income-Based Land
      $675,000
      Food Service
      $870,000

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersontown
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5585
    Latitude
    38.2065
    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
    $8,643
    $509,880
    $230,120
    $740,000
    -
    $509,880
    $230,120
    $740,000

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    2540 Ridgemar Ct
    Louisville, KY 40299
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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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