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Property profile & analytics
FOR LEASE
Manufacturing properties
11225 Bluegrass Pkwy Louisville, KY 40299
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0171141
For Lease
$5,840,000
11225 Bluegrass Pkwy, Louisville, KY 40299
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Total area
91,260 SF
Lot
10.48 ac (456,683 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22003807730000
UPID
US34-0171141
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
$6.33M
CAP Approach
CAP
$5.77M
Comparable Approach
Comparable
$6.40M
Blend (final)
Blend
$5.84M
Owner & transaction history
Eastpoint Investments LLC · 4 yrs held
Eastpoint Investments LLC
since 2021
Last sale
$5.8M
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
$9.7M
+105.3%
Commercial (general)
$8.6M
+83.8%
Warehouse, storage
$7.9M
+68.4%
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
$5,995,000
ML approach
$6,330,000
CAP Approach
CAP Return
Estimation
6%
$6,250,000
6.5%
$5,770,000
7%
$5,355,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,705,000
Current use
OFFICE BUILDING
$9,655,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,645,000
Change: +84% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,920,000
Change: +68% · Conversion: Easy
Blend value · Realmo final
$5.84M
Range $5.26M – $6.42M · ±10% · vs last sale $5.80M (Dec 1 2021)
Last sale anchor
$5.80M
Dec 1 2021
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
$64 / 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
$75,336
Tax year 2023
Assessed value
$6,450,000
Assessed 2023
Previous assessed
$6,450,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,188,360
Assessed improvement
$4,261,640
Land market value
$2,188,360
Improvement market value
$4,261,640
Total market value
$6,450,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1979
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
91,260 SF
Lot
10.48 ac (456,683 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22003807730000
UPID
US34-0171141
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.7M
OFFICE BUILDING
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$7.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1979
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
10.48 ac
Current owner
From public records · entity-resolved
Eastpoint Investments LLC
Entity
Mailing address
11225 BLUEGRASS PKWY, LOUISVILLE, KY 40299-2319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 1, 2021
$5,800,000
Eastpoint Investments LLC
Gb Partners LLC
Warranty Deed
$1,000,000 · L&n FCU
Dec 12, 2014
—
Gb Partners LLC
—
Grant Deed
related
$2,650,000 · Miscellaneous Ins Co
Mar 20, 2012
$2,875,000
Gb Partners LLC
Fifth Third Bk
Quit Claim Deed
related
$2,900,000 · First Capital Bank Ky
Sep 29, 2011
$2,218,000
Fifth Third Bk
Commissioner Of Circuit Court/jef
Trustees Deed
related
—
Aug 9, 2007
—
John L Becker SR.
Becker,betty J
Quit Claim Deed
related
—
—
—
John L Becker SR.
—
Deed Of Trust
related
$2,880,000 · Old National Bank
—
—
John L Becker SR.
—
Deed Of Trust
related
$2,880,000 · Fifth Third Bank
—
—
John L Becker SR.
—
Loan Modification
related
$2,880,000 · Fifth Third 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.
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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