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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Manufacturing properties
13040 Aiken Rd, Louisville, KY 40223-4746
Entity Owned
5-yr Hold
Free & Clear
Property ID
US34-2372645
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
21,346 SF
Lot
2.25 ac (98,010 SF)
Zoning code
M2-INDUSTRIAL
APN
21002305740000
UPID
US34-2372645
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
-
Spalding & Day Tool & Die Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.24M
Owner & transaction history
D Ld Properties LLC · 5 yrs held
D Ld Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+46.7%
Warehouse, storage
$1.6M
+41.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,100,000
Current use
COMMERCIAL (GENERAL)
$1,615,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,560,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$58 / 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
$14,855
Tax year 2023
Assessed value
$1,282,830
Assessed 2023
Previous assessed
$1,282,830
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$492,280
Assessed improvement
$790,550
Land market value
$492,280
Improvement market value
$790,550
Total market value
$1,282,830
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
1983
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
21,346 SF
Lot
2.25 ac (98,010 SF)
Zoning code
M2-INDUSTRIAL
APN
21002305740000
UPID
US34-2372645
Jurisdiction
JEFFERSON
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Zoning M2-INDUSTRIAL · permitted uses
M2-INDUSTRIAL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
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
1983
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
2.25 ac
Current owner
From public records · entity-resolved
D Ld Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
13040 AIKEN RD, LOUISVILLE, KY 40223-4746
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
—
D Ld Properties LLC
—
Deed
related
—
Aug 8, 2019
—
D L D Properties LLC
—
Deed
related
—
Jun 27, 2019
—
D L D Properties LLC
—
Deed Of Trust
related
$1,500,000 · Branch Bk&tr
Mar 22, 2018
—
D L D Properties LLC
—
Trustees Deed
related
$999,900 · Branch Bk&tr
—
—
D L D Properties LLC
—
Loan Modification
related
—
—
—
Dld Properties LLC
—
Loan Modification
related
$300,000 · Pnc Bank
—
—
D Ld Properties LLC
—
Loan Modification
related
—
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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