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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Warehouses
120 Outer Loop Louisville, KY 40214-5545
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-2296945
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Total area
7,500 SF
Lot
3 ac (130,680 SF)
Zoning code
M2-INDUSTRIAL
APN
24104907760000
UPID
US34-2296945
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
-
U-Haul Moving & Storage of Auburndale Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$915k
Blend (final)
Blend
$905k
Owner & transaction history
Arec 25 LLC · 8 yrs held
Arec 25 LLC
since 2017
7 recorded transactions
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+162.3%
Office building
$875,000
+59.5%
Retail stores
$590,000
+7.8%
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%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$550,000
Current use
AUTO REPAIR, GARAGE
$1,435,000
Change: +162% · Conversion: Easy
OFFICE BUILDING
$875,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$590,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$565,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$121 / 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
$28,014
Tax year 2023
Assessed value
$2,551,330
Assessed 2023
Previous assessed
$2,551,330
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$204,210
Assessed improvement
$2,347,120
Land market value
$204,210
Improvement market value
$2,347,120
Total market value
$2,551,330
Applied tax rate
19.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
YES
Cooling
NONE
Buildings
10
Stories
1
Total area
7,500 SF
Lot
3 ac (130,680 SF)
Zoning code
M2-INDUSTRIAL
APN
24104907760000
UPID
US34-2296945
Jurisdiction
JEFFERSON
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Zoning M2-INDUSTRIAL · permitted uses
M2-INDUSTRIAL · 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
WAREHOUSE, STORAGE Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$565,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Lot
3 ac
Current owner
From public records · entity-resolved
Arec 25 LLC
Entity
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2017
$1,822,890
Arec 25 LLC
Amerco Real Estate Co
Trustees Deed
$47,000,000 · Bank Of America
Apr 7, 2015
$1,840,000
Amerco Real Estate Co Of Nevada
Outer Loop Storage LLC
Grant Deed
—
Aug 25, 2014
—
Outer Loop Storage LLC
Ncj INC
Grant Deed
related
—
Jan 9, 2012
—
Ncj INC
—
Deed Of Trust
related
$1,306,953 · Pbi Bank INC
Feb 6, 2008
$1,350,000
Ncj INC
Old 3rd Properties LLC
Warranty Deed
$1,305,339 · Pbi Bank INC
Apr 17, 2006
$1,100,000
Old 3rd Properties LLC
Ab Schlatter Family LLC
Warranty Deed
$550,000 · Citizens Union Bank
—
—
Old 3rd Properties LLC
—
Deed Of Trust
related
$1,363,946 · Pbi Bank INC
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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