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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1300 Clear Spgs Trce Louisville, KY 40223-3868

    • Commercial real estate
    • 15,408 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-2191656
    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

    • Commercial real estate

    Property Details for 1300 Clear Spgs Trce

    Year built
    2004
    Lot size
    0.76 lot acres
    Property size
    15,408 SF
    Zone code
    OR3-OFFICE/RESIDENTIAL
    Property type
    Commercial real estate
    APN
    22191600260000
    APU
    22191600260000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,165,000
      Current use
      WAREHOUSE, STORAGE
      $1,125,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.568
    Latitude
    38.2257
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.83 Acres

      13200 Obannon Sta Way

      SHOW ROOM, WAREHOUSE • 1.83 Acres
      13200 Obannon Sta Way, Louisville, KY 40223-4188
      View Details
    • Value Estimation
      $2,245,000
      29,313 SF

      2271 Stanley Gault Pkwy

      SHOW ROOM, WAREHOUSE • 29,313 SF
      2271 Stanley Gault Pkwy, Louisville, KY 40223-4171
      View Details
    • Value Estimation
      $745,000
      15,072 SF

      13000 Eastgate Park Wayf

      COMMERCIAL (GENERAL) • 15,072 SF
      13000 Eastgate Park Wayf, Louisville, KY 40223-3915
      View Details
    • Value Estimation
      $645,000
      13,000 SF

      1303 Clear Spgs Trce

      COMMERCIAL (GENERAL) • 13,000 SF
      1303 Clear Spgs Trce, Louisville, KY 40223-3860
      View Details
    • Value Estimation
      $645,000
      13,050 SF

      18-10 Old Harrods Crk Rd

      COMMERCIAL (GENERAL) • 13,050 SF
      18-10 Old Harrods Crk Rd, Middletown, KY 40223
      View Details
    • Value Estimation by Request
      8,640 SF

      10339 Linn Sta Rd

      COMMERCIAL (GENERAL) • 8,640 SF
      10339 Linn Sta Rd, Louisville, KY 40223-3816
      View Details

    Similar Nearby for Sale

    • $2,100,000
      4.85 Acres

      Eastpoint Business Park Land

      4.85 Acres, Prime Louisville Location
      13549 Triton Park Blvd, Louisville, KY 40223
      View Details
    • $2,800,000
      21,600 SF

      Eastpoint Business Center Office Property

      21,600 SF office property in Louisville's Eastpoint Business Center.
      2031 Nelson Miller Pkwy, Louisville, KY 40223
      View Details
    • $2,100,000

      Eastpoint Business Park Land

      4.85 acres available in Eastpoint Business Park.
      13549 Triton Park Blvd, Louisville, KY 40223
      View Details
    • $3,750,000

      Land on Shelbyville Road

      Land for sale near Locust Creek subdivision and new Publix.
      18406 Shelbyville Rd, Fisherville, KY 40223
      View Details
    • $500,000

      Updated Home in Forest Village

      Updated home with open layout, sunroom, and private wooded area.
      10002 Cave Creek Rd, Louisville, KY 40223
      View Details
    • $205,000

      Sycamore Trail Condo with Amenities

      Two-bedroom condo with modern updates and community amenities.
      10617 Sycamore Trl, Louisville, KY 40223
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      12,710 SF

      Prime Louisville Office Space

      Prestigious KY Office Suites Available
      10200 Forest Green Blvd, Louisville, KY 40223
      View Details
    • $6 SF/Yr
      31,222 SF

      East End Industrial Warehouse Space

      Industrial warehouse and office space available for sublease.
      602 N English Station Rd, Louisville, KY 40223
      View Details
    • Contact for pricing
      75,434 SF

      Louisville Executive Office Space

      Premium Office Suites, 8,389 - 12,026 SF
      9900 Corporate Campus Dr, Louisville, KY 40223
      View Details
    • $22 SF/Yr
      59,280 SF

      Hurstbourne Green Executive Suites

      Louisville Office Space: 1,696-5,551 SF Available
      9500 Ormsby Station Rd, Louisville, KY 40223
      View Details
    • $8 SF/Yr
      11,966 SF

      Office Warehouse with Dock Door

      Office warehouse with dock door and flexible floor plan.
      1310 N English Station Rd, Louisville, KY 40223
      View Details
    • $23 SF/Yr
      11,457 SF

      Class A Office Building Space

      Class A office building with vacancies in Eastpoint area.
      1700 Eastpoint Pkwy, Louisville, KY 40223
      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.
    1300 Clear Spgs Trce
    Louisville, KY 40223-3868
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.