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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Assisted living facilities
1155 Eastern Pkwy, Louisville, KY 40217-1401
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US34-0270840
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1973
Total area
111,910 SF
Lot
2.19 ac (95,484 SF)
Zoning code
R5-RESIDENTIAL SINGLE FAM
APN
09028G00080000
UPID
US34-0270840
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
-
Landmark of Louisville Nursing Home
-
Parkway Rehabilitation and Nursing Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.11M
Owner & transaction history
L 155 Eastern Parkway LLC · 8 yrs held
L 155 Eastern Parkway LLC
since 2017
6 recorded transactions
Zoning & alternative use
R5-RESIDENTIAL SINGLE FAM · 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
Method
Estimation
Statistic approach
by Request
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,705,000
Current use
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$10 / 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
$135,274
Tax year 2023
Assessed value
$10,080,000
Assessed 2023
Previous assessed
$10,080,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$222,000
Assessed improvement
$9,858,000
Land market value
$222,000
Improvement market value
$9,858,000
Total market value
$10,080,000
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
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1973
Heating
YES
Cooling
YES
Stories
7
Total area
111,910 SF
Lot
2.19 ac (95,484 SF)
Zoning code
R5-RESIDENTIAL SINGLE FAM
APN
09028G00080000
UPID
US34-0270840
Jurisdiction
JEFFERSON
Zoning & alternative use
R5-RESIDENTIAL SINGLE FAM · Louisville, KY
Zoning R5-RESIDENTIAL SINGLE FAM · permitted uses
R5-RESIDENTIAL SINGLE FAM · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1973
Heating
YES
Cooling
Yes
Stories
7
Lot
2.19 ac
Current owner
From public records · entity-resolved
L 155 Eastern Parkway LLC
Entity
Mailing address
6101 NIMTZ PKWY, SOUTH BEND, IN 46628-6111
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
—
1155 Eastern Parkway LLC
—
Deed
related
$105,000,000 · Reit Popular Bank
Sep 17, 2018
—
1155 Eastern Parkway LLC
—
Deed
related
$364,317,000 · Mishmeret Trust Co Ltd
Jun 13, 2018
—
1155 Eastern Parkway LLC
—
Deed
related
$13,338,275 · Mishmeret Trust Co Ltd
Oct 25, 2017
$20,000,000
L 155 Eastern Parkway LLC
Parkway Extended Care Center I
Quit Claim Deed
related
$55,000,000 · Bank Leumi USA
—
—
1155 Eastern Parkway LLC
—
Loan Modification
related
$364,317,000 · Mishmeret Trust Co Ltd
—
—
1155 Eastern Parkway LLC
—
Deed Of Trust
related
$13,338,275 · Mishmeret Trust Co Ltd
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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