Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1238 3rd St Louisville, KY 40203-2906

    • Investment properties
    • 4,264 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Last Sale
    Sep 24, 2024
    $425,000
    Location Intelligence
    Property ID
    US34-2371334
    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

    • Investment properties

    Property Details for 1238 3rd St

    Year built
    1903
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    4,264 SF
    Zone code
    TNZD-TRADITIONAL NEIGHBOR
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    08032A00860000
    APU
    08032A00860000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $415,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $500,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $460,000
      Mixed-Use
      $450,000
      Hospitality
      $385,000
      Educational
      $445,000
      Residential Income
      $375,000
      Energy
      $400,000
      Income-Based Land
      $420,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7594
    Latitude
    38.2335
    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
    $7,691
    $104,000
    $469,120
    $573,120
    -
    $104,000
    $469,120
    $573,120

    Comparable in this City

    • Value Estimation
      $270,000
      3,756 SF

      1213 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,756 SF
      1213 1st St, Louisville, KY 40203-2805
      View Details
    • Value Estimation by Request
      1,634 SF

      1022 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,634 SF
      1022 3rd St, Louisville, KY 40203-2914
      View Details
    • Value Estimation by Request
      0.12 Acres

      516 Strater Aly

      VACANT COMMERCIAL LAND • 0.12 Acres
      516 Strater Aly, Louisville, KY 40203
      View Details
    • Value Estimation by Request
      0.14 Acres

      318 College St

      AUTO REPAIR, GARAGE • 0.14 Acres
      318 College St, Louisville, KY 40203-2336
      View Details
    • Value Estimation by Request
      0.14 Acres

      327 College St

      WAREHOUSE, STORAGE • 0.14 Acres
      327 College St, Louisville, KY 40203-2335
      View Details
    • Value Estimation by Request
      0.03 Acres

      1501 Congress St

      OFFICE BUILDING • 0.03 Acres
      1501 Congress St, Louisville, KY 40203-1319
      View Details

    Similar Nearby for Sale

    • $775,000
      8,640 SF

      Galerie Hertz: Mixed-Use Investment Opportunity

      Historic Louisville building, 6 units, high ceilings.
      1253 Preston St, Louisville, KY 40203
      View Details
    • $1,699,900
      55,249 SF

      Warehouse and Office Space Available

      2.25 acre property with warehouse and office space.
      2012 Northwestern Pkwy, Louisville, KY 40203
      View Details
    • New
      $299,900
      2,510 SF

      Rare Zoned Duplex Money Maker

      Income-generating duplex near Germantown, UofL, and downtown Louisville.
      1273 S Preston St, Louisville, KY 40203
      View Details
    • $1,895,000
      54,000 SF

      Louisville Warehouse: Prime Industrial Site

      54,000 SF Warehouse, 2.25 Acres, Owner/User
      2012 Northwestern Pkwy, Louisville, KY 40203
      View Details
    • $5,000,000
      34,555 SF

      Louisville Multifamily Value-Add Opportunity

      46 Units, 100% Occupancy, High Potential
      0 College Ct, Louisville, KY 40203
      View Details
    • $450,000
      4,795 SF

      Updated Multi-Family Apartment Building

      Five-unit apartment building with updated interiors and a brick exterior.
      624 St W, Louisville, KY 40203
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      65,800 SF

      Lichtefeld Office Building: Louisville

      Prime Office Space, South Central Louisville
      908 8Th St, Louisville, KY 40203
      View Details
    • $9,000 /Mo
      7,639 SF

      Historic Office Building in Louisville

      Unique office space with historical significance and modern amenities.
      1139 S 4Th St, Louisville, KY 40203
      View Details
    • $4 SF/Yr
      6,500 SF

      Industrial Space Available For Rent

      Industrial property with 6,500 square feet available for lease.
      1606 Rowan St, Louisville, KY 40203
      View Details
    • $15 SF/Yr
      3,005 SF

      Retail Space in Old Louisville

      Two-story retail space with outdoor seating in historic neighborhood.
      1228 S 7Th St, Louisville, KY 40203
      View Details
    • $18 SF/Yr
      5,996 SF

      Prime Louisville Office Space

      Executive/Medical Suites, Ample Parking
      645 Roy Wilkins Ave, Louisville, KY 40203
      View Details
    • $4 SF/Yr
      265,835 SF

      Louisville Industrial Manufacturing Space

      Large industrial space, ideal for manufacturing.
      990 9Th St, Louisville, KY 40203
      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.
    1238 3rd St
    Louisville, KY 40203-2906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.