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Property profile & analytics
OFF-MARKET
Showrooms
1118 Lexington Rd, Louisville, KY 40204-1120
Entity Owned
3-yr Hold
Free & Clear
Property ID
US34-2341436
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1965
Total area
5,320 SF
Lot
0.42 ac (18,339 SF)
Zoning code
CM-COMMERCIAL MANUFACTURI
APN
05068E00100000
UPID
US34-2341436
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Atgame Realty LLC · 3 yrs held
Atgame Realty LLC
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
CM-COMMERCIAL MANUFACTURI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,039
Tax year 2023
Assessed value
$450,000
Assessed 2023
Previous assessed
$342,580
+31.4% YoY
Effective rate
1.34%
On assessed value
Assessed land
$102,080
Assessed improvement
$347,920
Land market value
$102,080
Improvement market value
$347,920
Total market value
$450,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1965
Heating
YES
Cooling
YES
Stories
1
Total area
5,320 SF
Lot
0.42 ac (18,339 SF)
Zoning code
CM-COMMERCIAL MANUFACTURI
APN
05068E00100000
UPID
US34-2341436
Jurisdiction
JEFFERSON
Zoning & alternative use
CM-COMMERCIAL MANUFACTURI · Louisville, KY
Zoning CM-COMMERCIAL MANUFACTURI · permitted uses
CM-COMMERCIAL MANUFACTURI · 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
1965
Heating
YES
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Atgame Realty LLC
Entity
Free & Clear · 3 yrs held
Mailing address
440 BAXTER AVE, LOUISVILLE, KY 40204-1146
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
$450,000
Atgame Realty LLC
Tandem Properties LLC
Special Warranty Deed
—
Oct 20, 2016
—
Tandem Props INC
—
Deed
related
$160,000 · Stockyard Bk&tr
Aug 8, 2011
$200,000
Tandem Properties LLC
Herrick John & Linda Trust
Grant Deed
related
$160,000 · Stock Yards Bank
Nov 17, 2006
—
Herrick,john & Linda Trust
Herrick,john A & Linda R
Quit Claim Deed
related
—
Dec 2, 2004
—
John A Herrick
—
Trustees Deed
related
$75,000 · Republic Bank & Trust
—
—
John A Herrick
—
Deed Of Trust
related
$60,000 · Republic Bank & Trust
—
—
Herrick,john & Linda Trust
—
Deed Of Trust
related
$100,000 · Republic Bank & Trust
—
—
Tandem Props INC
—
Loan Modification
related
$160,000 · Stockyard Bk&tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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