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Financial
Distress signals
Property profile

1253 S Preston St Louisville, KY 40203

FOR SALE
Schools
Property ID
US34-2393672
7,833 SF 0.34 ac lot Built 1911
Last sale Oct 2007 · $155,000
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$288k
Assessed land$103k
Assessed improvement$185k
Effective rate1.34%

Value estimate

· Oct 2026
$235k
$212k – $259k
AI approach$235k
NOI build-up
Gross scheduled income$187k
Vacancy & credit loss−$22k
Operating expenses−$62k
NOI · 15.79% cap applied$103k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$57 – $122

Cap rate analysis

How does the asset earn?
15.79%
$103k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2-COMMERCIAL
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.7
Tailor Shop10.0
Dry Cleaner8.8

Location

1253 S Preston St Louisville, KY 40203
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
110 Ormsby, Louisville, KY 40203-2818 $525,000 Dec 2025 11,100 SF
724 Breckinridge, Louisville, KY 40203-2108 $115,000 Jan 2023 24,724 SF
1121 Broadway, Louisville, KY 40203-2032 $650,000 Jun 2021 6,072 SF
729 6th, Louisville, KY 40203-2121 $250,000 Apr 2021 6,668 SF
1710 Bank, Louisville, KY 40203-1223 $80,000 Apr 2019 1,710 SF
612 Ormsby, Louisville, KY 40203-2623 $161,000 Apr 2019 1,079 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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