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Property profile & analytics
OFF-MARKET
Estimated value
$4,375,000
Manufacturing properties
12101 Westport Rd, Louisville, KY 40245-1759
Entity Owned
3-yr Hold
Free & Clear
Property ID
US34-0007974
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Total area
51,400 SF
Lot
5 ac (217,844 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
21001403030000
UPID
US34-0007974
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
-
New Model Launch Warehouse (Ford Plant) Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.39M
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$4.38M
Owner & transaction history
Ford Motor Company · 3 yrs held
Ford Motor Company
since 2023
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.5M
+146.9%
Office building
$6.0M
+126.0%
Commercial (general)
$3.9M
+46.7%
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
$3,990,000
ML approach
$4,390,000
CAP Approach
CAP Return
Estimation
6%
$5,865,000
6.5%
$5,415,000
7%
$5,030,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,650,000
Current use
RETAIL STORES
$6,540,000
Change: +147% · Conversion: Moderate
OFFICE BUILDING
$5,985,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,885,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,755,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$4.38M
Range $3.94M – $4.81M · ±10% · vs last sale $4.80M (Mar 2 2023)
Last sale anchor
$4.80M
Mar 2 2023
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
$85 / 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
$43,869
Tax year 2023
Assessed value
$3,788,370
Assessed 2023
Previous assessed
$3,788,370
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$946,310
Assessed improvement
$2,842,060
Land market value
$946,310
Improvement market value
$2,842,060
Total market value
$3,788,370
Applied tax rate
20.0000
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
1987
Heating
YES
Cooling
NONE
Stories
2
Total area
51,400 SF
Lot
5 ac (217,844 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
21001403030000
UPID
US34-0007974
Jurisdiction
JEFFERSON
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Louisville, KY
Zoning PEC-PLANNED EMPLOYMENT CE · permitted uses
PEC-PLANNED EMPLOYMENT CE · 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
$2.7M
RETAIL STORES
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1987
Heating
YES
Cooling
Yes
Stories
2
Lot
5 ac
Current owner
From public records · entity-resolved
Ford Motor Company
Entity
Free & Clear · 3 yrs held
Mailing address
17000 ROTUNDA DR FL #1, DEARBORN, MI 48120-1168
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$4,800,000
Ford Motor Company
Westport Road Development LLC
Special Warranty Deed
—
Sep 14, 2011
$1,500,000
Westport Road Dev LLC
Hodge,david A & Bernadine R C
Warranty Deed
related
$1,400,300 · Republic Bank & Trust
—
—
David A Hodge
—
Deed Of Trust
related
$1,115,936 · Republic Bank &trust Co (0050)
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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