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Property profile & analytics
OFF-MARKET
Estimated value
$3,850,000
Office buildings
111 Washington St Louisville, KY 40202-5306
Entity Owned
1-yr Hold
Free & Clear
Property ID
US34-0007479
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Total area
24,940 SF
Lot
0.65 ac (28,288 SF)
Zoning code
(C3)CENTRAL BUSINESS OVER
APN
04018K00050000
UPID
US34-0007479
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
-
Law Offices of David Yates, Attorney, PLLC Law Firm
-
Mulloy Commercial Real Estate Real Estate Agency
-
Mulloy Borland Marketing & Advertising Advertising Agency
-
Mulloy Law PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.85M
CAP Approach
CAP
$5.29M
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$3.85M
Owner & transaction history
Camp Ground Park II LLC · 1 yrs held
Camp Ground Park II LLC
since 2024
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
(C3)CENTRAL BUSINESS OVER · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+114.6%
Auto repair, garage
$4.8M
+86.4%
Retail stores
$3.2M
+23.9%
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
$3,850,000
ML approach
$3,850,000
CAP Approach
CAP Return
Estimation
6%
$5,725,000
6.5%
$5,285,000
7%
$4,910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,560,000
Current use
RESTAURANT
$5,500,000
Change: +115% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,775,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$3,175,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±10% · vs last sale $3.85M (Nov 18 2024)
Last sale anchor
$3.85M
Nov 18 2024
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
$154 / 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
$56,615
Tax year 2023
Assessed value
$3,972,710
Assessed 2023
Previous assessed
$3,850,000
+3.2% YoY
Effective rate
1.43%
On assessed value
Assessed land
$2,535,720
Assessed improvement
$1,436,990
Land market value
$2,535,720
Improvement market value
$1,436,990
Total market value
$3,972,710
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Heating
YES
Cooling
NONE
Stories
4
Total area
24,940 SF
Lot
0.65 ac (28,288 SF)
Zoning code
(C3)CENTRAL BUSINESS OVER
APN
04018K00050000
UPID
US34-0007479
Jurisdiction
JEFFERSON
Zoning & alternative use
(C3)CENTRAL BUSINESS OVER · Louisville, KY
Zoning (C3)CENTRAL BUSINESS OVER · permitted uses
(C3)CENTRAL BUSINESS OVER · 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
OFFICE BUILDING Current
Est. value
$2.6M
RESTAURANT
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1940
Heating
YES
Cooling
Yes
Stories
4
Lot
0.65 ac
Current owner
From public records · entity-resolved
Camp Ground Park II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
111 W WASHINGTON ST STE #400, LOUISVILLE, KY 40202-5322
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
—
111 West Washington LLC
—
Deed
related
$2,900,000 · Republic Bank & Trust Co
Nov 18, 2024
—
Camp Ground Park II LLC
Camp Ground Park LLC
Deed
related
—
Dec 15, 2004
$370,184
Ldg Dev LLC
Waterfront Park Place LLC
Warranty Deed
related
$314,500 · First Capital Bank Ky
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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