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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Turn key restaurants
1201 Payne St Louisville, KY 40204-2315
Entity Owned
1-yr Hold
Free & Clear
Property ID
US34-2221962
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1961
Total area
1,986 SF
Lot
0.11 ac (4,622 SF)
Zoning code
R6-RESIDENTIAL MULTI-FAMI
APN
05068E00850000
UPID
US34-2221962
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
-
Ciao Ristorante Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$850k
Owner & transaction history
Ciao LLC · 1 yrs held
Ciao LLC
since 2024
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
R6-RESIDENTIAL MULTI-FAMI · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Aug 23 2024)
Last sale anchor
$850k
Aug 23 2024
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
$428 / 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
$4,560
Tax year 2023
Assessed value
$339,770
Assessed 2023
Previous assessed
$339,770
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$82,740
Assessed improvement
$257,030
Land market value
$82,740
Improvement market value
$257,030
Total market value
$339,770
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1961
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
1,986 SF
Lot
0.11 ac (4,622 SF)
Zoning code
R6-RESIDENTIAL MULTI-FAMI
APN
05068E00850000
UPID
US34-2221962
Jurisdiction
JEFFERSON
Zoning & alternative use
R6-RESIDENTIAL MULTI-FAMI · Louisville, KY
Zoning R6-RESIDENTIAL MULTI-FAMI · permitted uses
R6-RESIDENTIAL MULTI-FAMI · 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.
Building & site characteristics
From public records
Year built
1961
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Ciao LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4113 OECHSLI AVE #202, LOUISVILLE, KY 40207-5057
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
$850,000
Ciao LLC
Capricorn Investment LLC
Warranty Deed
—
Mar 15, 2017
—
Capricorn Investment LLC
—
Deed
related
$520,000 · Stockyard Bk&tr
Sep 29, 2016
—
Capricorn Investment LLC
Francis,jesse E JR
Quit Claim Deed
related
$235,000 · Stockyard Bk&tr
—
—
Andrew Hutto
—
Deed Of Trust
related
$77,312 · Stock Yards Bank
—
—
Andrew Hutto
—
Deed Of Trust
related
$75,000 · Stock Yards Bank
—
—
Capricorn Investment LLC
—
Deed Of Trust
related
$520,000 · Stockyard Bk&tr
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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