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Property profile & analytics
OFF-MARKET
Estimated value
$4,355,000
Manufacturing properties
13001 Frst Ctr Ct, Louisville, KY 40223-4113
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0035307
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Total area
42,168 SF
Lot
5.53 ac (240,887 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
21278200480000
UPID
US34-0035307
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.37M
CAP Approach
CAP
$3.89M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$4.36M
Owner & transaction history
Mija Real Estate LLC · 4 yrs held
Mija Real Estate LLC
since 2021
Last sale
$4.4M
1 recorded transaction
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.1M
+180.3%
Retail stores
$5.4M
+146.9%
Commercial (general)
$3.2M
+46.7%
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
$4,345,000
ML approach
$4,370,000
CAP Approach
CAP Return
Estimation
6%
$4,205,000
6.5%
$3,885,000
7%
$3,605,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,090,000
Change: +180% · Conversion: Difficult
RETAIL STORES
$5,365,000
Change: +147% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,190,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,080,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$4.36M
Range $3.92M – $4.79M · ±10% · vs last sale $4.35M (Sep 13 2021)
Last sale anchor
$4.35M
Sep 13 2021
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
$103 / 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
$50,373
Tax year 2023
Assessed value
$4,350,000
Assessed 2023
Previous assessed
$4,350,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,756,380
Assessed improvement
$2,593,620
Land market value
$1,756,380
Improvement market value
$2,593,620
Total market value
$4,350,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Heating
YES
Cooling
NONE
Stories
1
Total area
42,168 SF
Lot
5.53 ac (240,887 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
21278200480000
UPID
US34-0035307
Jurisdiction
JEFFERSON
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Louisville, KY
Zoning PEC-PLANNED EMPLOYMENT CE · permitted uses
PEC-PLANNED EMPLOYMENT CE · 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
Est. value
$6.1M
RETAIL STORES
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.1M
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
5.53 ac
Current owner
From public records · entity-resolved
Mija Real Estate LLC
Entity
Mailing address
11305 BLUEGRASS PKWY, LOUISVILLE, KY 40299-2347
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
$4,350,000
Mija Real Estate LLC
Vico Louisville LLC
Warranty Deed
$3,262,500 · Jpmorgan Chase Bank NA
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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