Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$27,115,000
Office buildings
11405 Bluegrass Pkwy Jeffersontown, KY 40299-2349
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US34-0249369
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
159,847 SF
Lot
5.23 ac (227,732 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22223900600000
UPID
US34-0249369
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
$30.98M
Comparable Approach
Comparable
$21.06M
Blend (final)
Blend
$27.12M
Owner & transaction history
St Bluegrass Center LLC · 10 yrs held
St Bluegrass Center LLC
since 2016
3 recorded transactions
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$35.2M
+108.3%
Retail stores
$34.4M
+103.3%
Auto repair, garage
$30.6M
+81.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,555,000
6.5%
$30,975,000
7%
$28,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,915,000
Current use
RESTAURANT
$35,235,000
Change: +108% · Conversion: Moderate
RETAIL STORES
$34,375,000
Change: +103% · Conversion: Moderate
AUTO REPAIR, GARAGE
$30,610,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$27.12M
Range $24.40M – $29.83M · ±10%
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
$170 / 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
$244,291
Tax year 2023
Assessed value
$20,915,360
Assessed 2023
Previous assessed
$20,915,360
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,546,110
Assessed improvement
$19,369,250
Land market value
$1,546,110
Improvement market value
$19,369,250
Total market value
$20,915,360
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
YES
Cooling
NONE
Stories
2
Total area
159,847 SF
Lot
5.23 ac (227,732 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22223900600000
UPID
US34-0249369
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
OFFICE BUILDING Current
Est. value
$16.9M
RESTAURANT
Est. value
$35.2M
RETAIL STORES
Est. value
$34.4M
AUTO REPAIR, GARAGE
Est. value
$30.6M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1988
Heating
YES
Cooling
Yes
Stories
2
Lot
5.23 ac
Current owner
From public records · entity-resolved
St Bluegrass Center LLC
Entity
Mailing address
2604 RIV GRN CIR, LOUISVILLE, KY 40206-1078
Ownership since
2016
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
Jan 7, 2016
$24,000,000
St Bluegrass Center LLC
Ascent Properties LLC
Grant Deed
related
$17,850,000 · Old Nat'l Bk
Nov 14, 2014
—
Ascent Properties LLC
—
Grant Deed
related
$57,500,000 · Pfp Hldg Co III
—
—
Ascent Properties LLC
—
Loan Modification
related
$119,041 · 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
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 11405 Bluegrass Pkwy?
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.
