Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 Truman Park Dr Louisville, KY 40245-4724

    • Warehouses
    • 11,900 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0306394
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • MADE Fitness and Training Center / Gym & Fitness Center
    • SkyCab Balloon Promotions, Inc. / Event Planning
    • Balloon Odyssey Inc / Event Planning

    Property Details for 1200 Truman Park Dr

    Year built
    2013
    Lot size
    1.42 lot acres
    Property size
    11,900 SF
    Zone code
    M1-INDUSTRIAL
    Property type
    Warehouses
    APN
    21002402550000
    APU
    21002402550000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $710,000
      Market price range: $437k - $1.45M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $870,000
      Current use
      COMMERCIAL (GENERAL)
      $900,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.4966
    Latitude
    38.2559
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,859
    $209,480
    $555,520
    $765,000
    -
    $209,480
    $555,520
    $765,000

    Comparable in this City

    • Value Estimation
      $4,925,000
      75,279 SF

      12520 Westport Rd

      WAREHOUSE, STORAGE • 75,279 SF
      12520 Westport Rd, Louisville, KY 40245-1853
      View Details
    • Value Estimation by Request
      15.00 Acres

      13600 Terra Vw Trl

      WAREHOUSE, STORAGE • 15.00 Acres
      13600 Terra Vw Trl, Louisville, KY 40245-5386
      View Details
    • Value Estimation
      $5,405,000
      266,170 SF

      12200 Westport Rd

      WAREHOUSE, STORAGE • 266,170 SF
      12200 Westport Rd, Louisville, KY 40245-1702
      View Details
    • Value Estimation by Request
      11,900 SF

      13411 Aiken Rd

      WAREHOUSE, STORAGE • 11,900 SF
      13411 Aiken Rd, Louisville, KY 40245-4753
      View Details
    • Value Estimation by Request
      4,000 SF

      13711 Aiken Rd

      WAREHOUSE, STORAGE • 4,000 SF
      13711 Aiken Rd, Louisville, KY 40245-4621
      View Details
    • Value Estimation
      $1,095,000
      8,600 SF

      13703 Aiken Rd

      WAREHOUSE, STORAGE • 8,600 SF
      13703 Aiken Rd, Louisville, KY 40245-4621
      View Details

    Similar Nearby for Sale

    • $654,500

      Residential Land in Louisville, KY

      Residential lot in a private community near Beckley Creek Park.
      15101 Beckley Spg Dr, Louisville, KY 40245
      View Details
    • $2,925,000
      2 SF

      Commercial Land Ready For Development

      2.1 acre commercial outparcel near Ford Truck Plant.
      2600 Chamberlain Ln, Louisville, KY 40245
      View Details
    • $349,900
      1.40 Acres

      Residential Lot in Louisville East

      1.4-acre residential building lot in Louisville's desirable east end.
      14104 Lake Forest Ln, Louisville, KY 40245
      View Details
    • $349,900
      0.80 Acres

      Residential Lot in Louisville East

      Spacious 0.8-acre lot in desirable Middletown area, build your dream home.
      14108 Lake Forest Ln, Louisville, KY 40245
      View Details
    • Contact for pricing
      4,003 SF

      Freestanding Building in East Louisville

      High-demand location near Kroger-anchored center with significant growth potential.
      13011 Factory Ln, Louisville, KY 40245
      View Details
    • $274,950

      Residential Land in Louisville, KY

      Residential lot in a private community near Beckley Creek Park.
      15109 Beckley Spg Dr, Louisville, KY 40245
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr

      Westport Road Manufacturing and Distribution

      Space for light manufacturing and distribution with office area.
      12500 Westport Rd, Louisville, KY 40245
      View Details
    • $14 SF/Yr
      19,575 SF

      East End Industrial Site

      Functional space with built-in growth potential in Louisville.
      13711 Aiken Rd, Louisville, KY 40245
      View Details
    • $8 SF/Yr
      60,000 SF

      East Submarket Warehouse Opportunity

      60,000 SF warehouse space with convenient highway access.
      12540 Westport Rd, Louisville, KY 40245
      View Details
    • $18 SF/Yr
      24,152 SF

      East End Office Space, Louisville KY

      Prime East End Office: Flexible Suites Available
      2400 Bush Ridge Dr, Louisville, KY 40245
      View Details
    • $19 SF/Yr
      20,056 SF

      Epic Plaza: Louisville Office Space

      Prime Louisville retail & medical office suites.
      12910 Factory Ln, Louisville, KY 40245
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Highly visible land near Kroger and I-265 in Middletown, KY.
      Aiken Rd, Middletown, KY 40245
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 Truman Park Dr
    Louisville, KY 40245-4724
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.