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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office buildings
12911 Reamers Rd Louisville, KY 40245-2741
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US34-0212557
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
2,697 SF
Lot
3.17 ac (138,085 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
21001500040000
UPID
US34-0212557
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
-
Hagan Properties, Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$515k
Owner & transaction history
Revenant Cedar Creek LLC · 1 yrs held
Revenant Cedar Creek LLC
since 2025
6 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$515,000
+64.4%
Retail stores
$345,000
+9.3%
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
by Request
ML approach
$340,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$315,000
Current use
AUTO REPAIR, GARAGE
$515,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$345,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$191 / 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
$27,404
Tax year 2023
Assessed value
$2,366,470
Assessed 2023
Previous assessed
$2,366,470
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,208,610
Assessed improvement
$1,157,860
Land market value
$1,208,610
Improvement market value
$1,157,860
Total market value
$2,366,470
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Total area
2,697 SF
Lot
3.17 ac (138,085 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
21001500040000
UPID
US34-0212557
Jurisdiction
JEFFERSON
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Louisville, KY
Zoning OR3-OFFICE/RESIDENTIAL · permitted uses
OR3-OFFICE/RESIDENTIAL · 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
OFFICE BUILDING Current
Est. value
$315,000
AUTO REPAIR, GARAGE
Est. value
$515,000
RETAIL STORES
Est. value
$345,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1910
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
3.17 ac
Current owner
From public records · entity-resolved
Revenant Cedar Creek LLC
Entity
Mailing address
12911 REAMERS RD, LOUISVILLE, KY 40245-2741
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 31, 2025
—
Revenant Cedar Creek LLC
—
Deed
related
$50,500,000 · Central Bank & Trust Co
Jan 19, 2017
—
Hp Hq LLC
—
Deed
related
$3,655,000 · Stockyard Bk&tr
Sep 27, 2010
—
Starz Properties LLC
—
Grant Deed
related
$1,500,000 · Stock Yards Bank
Sep 7, 2005
—
Alan S Kane
—
Trustees Deed
related
$1,900,000 · Branch Banking & Trust Co
—
—
Alan S Kane
—
Deed Of Trust
related
$300,000 · Branch Banking & Trust Co
—
—
Hp Hq LLC
—
Deed Of Trust
related
$3,655,000 · 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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