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    Property profile & analytics

    1253 Preston St Louisville, KY 40203

    • Schools
    • 7,833 SF
    • 0.34 lot acres
    For Sale
    View listing
    $775,000
    Value Estimation
    Location Intelligence
    Property ID
    US34-2393672
    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

    • Galerie Hertz / Art Gallery
    • Ann Stewart Anderson / Artist

    Property Details for 1253 Preston St

    Year built
    1911
    Lot size
    0.34 lot acres
    Property size
    7,833 SF
    Zone code
    C2-COMMERCIAL
    Property type
    Schools
    APN
    09023D01520000
    APU
    09023D01520000

    Description

    Galerie Hertz, located at 1253 S Preston St in Louisville, KY, presents a unique mixed-use investment opportunity. This historic building, constructed in 1911, boasts 8,640 square feet across two stories and sits on a 0.343-acre lot. The property is zoned C-2 and features a blend of apartment building, creative office, and storefront spaces, making it ideal for owner-users seeking a versatile investment. The building comprises six units, offering flexibility for various business and residential uses. Ceiling heights range from 9 feet 3 inches to an impressive 16 feet 11 inches, providing ample space and character. Situated in the heart of Shelby Park, a designated Opportunity Zone, this property benefits from a prime location between Camp Street and Shelby Parkway in Louisville's Jefferson County (zip code 40203). The asking price is $775,000, translating to $89.70 per square foot. This Class B building offers a compelling blend of history, functionality, and potential for significant return on investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $200,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $165,000
      Retail
      $185,000
      Mixed-Use
      $200,000
      Hospitality
      $215,000
      Educational
      $200,000
      Residential Income
      $155,000
      Energy
      $180,000
      Income-Based Land
      $165,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7494
    Latitude
    38.2323
    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
    $3,861
    $103,140
    $184,550
    $287,690
    -
    $103,140
    $184,550
    $287,690

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    • Value Estimation
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      612 Ormsby Ave

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      View Details

    Similar Nearby for Sale

    • $775,000
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      Galerie Hertz: Mixed-Use Investment Opportunity

      Historic Louisville building, 6 units, high ceilings.
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    1253 Preston St
    Louisville, KY 40203
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    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
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