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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Office buildings
105 Cres Ave Louisville, KY 40206-1525
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-2343962
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
13,414 SF
Lot
0.43 ac (18,513 SF)
Zoning code
C1-COMMERCIAL
APN
05072H00130000
UPID
US34-2343962
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
-
Janice Brashear Physician
-
Cranial Sacral Therapy Medical Clinic
-
Kentuckiana Mental Health Assoc Medical Clinic
-
Custom Fitness Solutions, LLC Gym & Fitness Center
-
Kelly Butler Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$710k
Owner & transaction history
Ridgeway Property Mgmt LLC · 15 yrs held
Ridgeway Property Mgmt LLC
since 2010
7 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
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
$53 / 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
$16,112
Tax year 2023
Assessed value
$1,200,570
Assessed 2023
Previous assessed
$709,190
+69.3% YoY
Effective rate
1.34%
On assessed value
Assessed land
$278,630
Assessed improvement
$921,940
Land market value
$278,630
Improvement market value
$921,940
Total market value
$1,200,570
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Heating
YES
Cooling
YES
Stories
2
Total area
13,414 SF
Lot
0.43 ac (18,513 SF)
Zoning code
C1-COMMERCIAL
APN
05072H00130000
UPID
US34-2343962
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · 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.
Building & site characteristics
From public records
Year built
1962
Heating
YES
Cooling
Yes
Stories
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Ridgeway Property Mgmt LLC
Entity
Mailing address
101 CRES AVE, LOUISVILLE, KY 40206-1512
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Ridgeway Property Management LLC
—
Deed
related
$1,375,000 · South Central Bank
Dec 27, 2010
—
Ridgeway Property Mgmt LLC
—
Trustees Deed
related
$100,000 · First Capital Bank Ky
Dec 14, 2010
$710,000
Ridgeway Property Mgmt LLC
Flynn,edward J & Margaret A
Grant Deed
related
$710,000 · First Capital Bank Ky
—
—
Ridgeway Property Mgmt LLC
—
Deed Of Trust
related
$850,000 · Mainsource Bank
—
—
Crescent Office Center LLC
—
Deed Of Trust
related
$230,000 · Stock Yards Bank
—
—
Ridgeway Property Mgmt LLC
—
Loan Modification
related
$782,322 · First Capital Bank Ky
—
—
Crescent Office Center LLC
—
Deed Of Trust
related
$25,000 · Stock Yards Bank
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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