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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Manufacturing properties
120 10th St, Louisville, KY 40202-2610
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US34-0241814
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Total area
40,834 SF
Lot
0.8 ac (34,935 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
03015C00350000
UPID
US34-0241814
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
-
Kentucky Peerless Distilling Co Brewery & Distillery Bar & Pub
-
Burden Car Towings (Bike/Boat/Book/etc) Store Auto Parts Store
-
The Biscuit Lounge + The Loft at The Biscuit Lounge Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.92M
Owner & transaction history
Flash Property Investments LLC · 13 yrs held
Flash Property Investments LLC
since 2013
7 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+46.7%
Warehouse, storage
$3.0M
+41.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,105,000
Current use
COMMERCIAL (GENERAL)
$3,090,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,980,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±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
$47 / 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
$24,828
Tax year 2023
Assessed value
$1,742,210
Assessed 2023
Previous assessed
$1,335,280
+30.5% YoY
Effective rate
1.43%
On assessed value
Assessed land
$267,310
Assessed improvement
$1,474,900
Land market value
$267,310
Improvement market value
$1,474,900
Total market value
$1,742,210
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
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
Off-Market
Year built
1900
Heating
YES
Cooling
YES
Stories
2
Total area
40,834 SF
Lot
0.8 ac (34,935 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
03015C00350000
UPID
US34-0241814
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Zoning EZ1-ENTERPRISE ZONE · permitted uses
EZ1-ENTERPRISE ZONE · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
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
1900
Heating
YES
Cooling
Yes
Stories
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Flash Property Investments LLC
Entity
Mailing address
2007 GOSHEN LN, GOSHEN, KY 40026-9513
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2013
$290,000
Flash Property Investments LLC
Shape Manufacturing Co INC
Warranty Deed
—
Dec 1, 2004
—
Shape Manufacturing Co INC
—
Trustees Deed
related
$300,000 · Branch Banking & Trust Co
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$150,000 · Traditional Bk
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$2,760,000 · Stockyard Bk&tr
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$250,000 · Traditional Bk
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$10,500,000 · Stockyard Bk&tr
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$50,000 · Metropolitan Busn Dev Corp
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$10,000 · Metropolitan Busn Dev Corp
—
—
Shape Manufacturing Co INC
—
Deed Of Trust
related
$225,250 · Branch Banking & Trust Co
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$150,000 · Metropolitan Busn Dev Corp
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$600,000 · Traditional Bk
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$50,000 · Business Dev
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$100,000 · Business Dev
—
—
Flash Property Investments LLC
—
Deed Of Trust
related
$852,202 · Traditional Bk
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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