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Property profile & analytics
OFF-MARKET
Estimated value
$5,890,000
Retail space
11750 Shelbyville Rd Middletown, KY 40243-1080
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0371753
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
39,600 SF
Lot
6.78 ac (295,206 SF)
Zoning code
C1-COMMERCIAL
APN
21002304920000
UPID
US34-0371753
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
$7.03M
Comparable Approach
Comparable
$6.35M
Blend (final)
Blend
$5.89M
Owner & transaction history
Village Square LLC · 4 yrs held
Village Square LLC
since 2021
4 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Middletown, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+73.2%
Auto repair, garage
$7.6M
+50.5%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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%
$7,610,000
6.5%
$7,025,000
7%
$6,520,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,040,000
Current use
RESTAURANT
$8,730,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,585,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$4,870,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$5.89M
Range $5.30M – $6.48M · ±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
$149 / 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
$101,774
Tax year 2023
Assessed value
$8,788,810
Assessed 2023
Previous assessed
$8,788,810
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,165,920
Assessed improvement
$4,622,890
Land market value
$4,165,920
Improvement market value
$4,622,890
Total market value
$8,788,810
Applied tax rate
20.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
YES
Cooling
NONE
Buildings
6
Stories
1
Total area
39,600 SF
Lot
6.78 ac (295,206 SF)
Zoning code
C1-COMMERCIAL
APN
21002304920000
UPID
US34-0371753
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Middletown, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · Middletown, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.0M
RESTAURANT
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$7.6M
OFFICE BUILDING
Est. value
$4.9M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1970
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
6.78 ac
Current owner
From public records · entity-resolved
Village Square LLC
Entity
Mailing address
PO BOX 22345, LOUISVILLE, KY 40252-0345
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
—
Village Square LLC
—
Deed
related
$300,000 · Republic Bank & Trust Co
May 11, 2016
—
Village Square LLC
—
Deed
related
$2,500,000 · Commonwealth Bk
—
—
Village Square LLC
—
Deed Of Trust
related
$2,500,000 · Commonwealth Bk
—
—
Village Square LLC
—
Deed Of Trust
related
$1,800,000 · Commonwealth 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.
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