Realmo Analytics

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Financial
Distress signals
Property profile

1200 Payne St Louisville, KY 40204

FOR LEASE
Office buildings
Property ID
US34-2317853
4,165 SF 0.08 ac lot Built 1938
Last sale Dec 2023 · $534,750
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$302k
Assessed land$59k
Assessed improvement$243k
Effective rate1.34%

Value estimate

· Oct 2026
$350k
$315k – $385k
NOI build-up
Gross scheduled income$105k
Vacancy & credit loss−$9k
Operating expenses−$29k
NOI · 1,687.55% cap applied$68k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$87/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$62 – $107
Qualifying comparables8

Cap rate analysis

How does the asset earn?
1,687.55%
$68k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1-COMMERCIAL
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.5
Plumbing Service8.6
Dry Cleaner8.3

Location

1200 Payne St Louisville, KY 40204
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
726 Barret, Louisville, KY 40204 $450,000 Jan 2024 3,362 SF
781 Logan, Louisville, KY 40204-1849 $595,000 Sep 2022 4,134 SF
1124 Logan, Louisville, KY 40204-2421 $625,000 Sep 2022 5,850 SF
1331 Bardstown, Louisville, KY 40204-1319 $350,000 Feb 2022 3,769 SF
1131 Logan, Louisville, KY 40204-2463 $800,000 May 2021 5,850 SF
1048 Bardstown, Louisville, KY 40204-1318 $425,000 Jan 2020 4,537 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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