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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
10524 Watterson Trl Jeffersontown, KY 40299-3748
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US34-2300285
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Total area
4,736 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CN-NEIGHBORHOOD COMMERCIA
APN
22004503650000
UPID
US34-2300285
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Lea LLC · 16 yrs held
Lea LLC
since 2010
4 recorded transactions
Zoning & alternative use
CN-NEIGHBORHOOD COMMERCIA · Jeffersontown, 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 Jeffersontown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jeffersontown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$108 / 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
$5,906
Tax year 2023
Assessed value
$505,660
Assessed 2023
Previous assessed
$505,660
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$135,170
Assessed improvement
$370,490
Land market value
$135,170
Improvement market value
$370,490
Total market value
$505,660
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
4,736 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CN-NEIGHBORHOOD COMMERCIA
APN
22004503650000
UPID
US34-2300285
Jurisdiction
JEFFERSON
Zoning & alternative use
CN-NEIGHBORHOOD COMMERCIA · Jeffersontown, KY
Zoning CN-NEIGHBORHOOD COMMERCIA · permitted uses
CN-NEIGHBORHOOD COMMERCIA · Jeffersontown, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jeffersontown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Lea LLC
Entity
Mailing address
10507 WATTERSON TRL #2, LOUISVILLE, KY 40299-3740
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
—
Lea LLC
—
Deed
related
$250,000 · Carrollton Federal Bank
Jul 19, 2010
$362,000
Lea LLC
Ernwine Family LLC
Grant Deed
related
$271,500 · Carrollton Federal Bank
May 19, 2006
—
Ernwine Family LLC
—
Trustees Deed
related
$174,000 · Branch Banking & Trust Co
—
—
Lea LLC
—
Deed Of Trust
related
$213,663 · Carrollton Fed'l Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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