Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Warehouses
11216 Decimal Dr Jeffersontown, KY 40299-2441
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US34-2378176
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
14,046 SF
Lot
1.04 ac (45,172 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22003806970000
UPID
US34-2378176
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
$965k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.01M
Owner & transaction history
22 Props LLC · 6 yrs held
22 Props LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+21.9%
Commercial (general)
$1.3M
+9.2%
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
Method
Estimation
Statistic approach
$975,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,220,000
Current use
OFFICE BUILDING
$1,485,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,330,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.02M (Mar 31 2020)
Last sale anchor
$1.02M
Mar 31 2020
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
$72 / 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
$11,914
Tax year 2023
Assessed value
$1,020,000
Assessed 2023
Previous assessed
$1,020,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$172,060
Assessed improvement
$847,940
Land market value
$172,060
Improvement market value
$847,940
Total market value
$1,020,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
YES
Cooling
NONE
Stories
1
Total area
14,046 SF
Lot
1.04 ac (45,172 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22003806970000
UPID
US34-2378176
Jurisdiction
JEFFERSON
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Zoning PEC-PLANNED EMPLOYMENT CE · permitted uses
PEC-PLANNED EMPLOYMENT CE · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
22 Props LLC
Entity
Mailing address
11216 DECIMAL DR, LOUISVILLE, KY 40299-2441
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
28 Properties LLC
—
Deed
related
$600,000 · Stock Yards Bank & Trust Co
Apr 15, 2022
—
28 Properties LLC
—
Deed
related
$500,000 · Us Bank NA
Mar 31, 2020
—
22 Props LLC
Anthony W Logsdon
Quit Claim Deed
related
—
Jun 6, 2019
—
Anthony Logsdon
—
Trustees Deed
related
$500,000 · Republic Bk&tr
Mar 29, 2019
$1,020,000
Anthony Logsdon
Wmm Investments LLC
Warranty Deed
$388,168 · Republic Bk&tr
Nov 2, 2017
$593,000
Decimal Holdings LLC
Llj Investments INC
Warranty Deed
related
$474,400 · Republic Bk&tr
Dec 29, 2016
—
Llj Investments INC
—
Deed
related
—
—
—
Anthony Logsdon
—
Deed Of Trust
related
$75,000 · Republic Bk&tr
—
—
Llj Investments INC
—
Deed Of Trust
related
$200,000 · Ts Stilger Co
—
—
Llj Investments INC
—
Deed Of Trust
related
$694,000 · Irwin Union Bank Fsb
—
—
Llj Investments INC
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11216 Decimal Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
