Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Auto shops
1323 Hurstbourne Pkwy Louisville, KY 40222-5707
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US34-0024820
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2011
Total area
7,222 SF
Lot
0.93 ac (40,293 SF)
Zoning code
C2-COMMERCIAL
APN
22190700150000
UPID
US34-0024820
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
-
Mike's Carwash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.25M
Owner & transaction history
Mikes No 49 LLC · 8 yrs held
Mikes No 49 LLC
since 2018
7 recorded transactions
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+15.1%
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
AUTO REPAIR, GARAGE
$1,385,000
Current use
RESTAURANT
$1,590,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,235,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$172 / 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
$18,817
Tax year 2023
Assessed value
$1,624,950
Assessed 2023
Previous assessed
$1,624,950
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,007,380
Assessed improvement
$617,570
Land market value
$1,007,380
Improvement market value
$617,570
Total market value
$1,624,950
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2011
Heating
YES
Cooling
YES
Stories
1
Total area
7,222 SF
Lot
0.93 ac (40,293 SF)
Zoning code
C2-COMMERCIAL
APN
22190700150000
UPID
US34-0024820
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Louisville, KYZoning C2-COMMERCIAL · permitted uses
C2-COMMERCIAL · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
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
2011
Heating
YES
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Mikes No 49 LLC
Entity
Mailing address
100 NENE DR, LOVELAND, OH 45140-7144
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2018
—
Mikes No 49 LLC
Dahm Holdings LLC
Grant Deed
related
—
Aug 31, 2017
$400,000
Dahm Holdings LLC
Z-xpress Car Wash LLC
Quit Claim Deed
related
—
Aug 31, 2017
$1,100,000
Dahm Holdings LLC
Zland LLC
Grant Deed
related
—
Apr 23, 2010
$1,050,000
Zland LLC
Sidnay INC
Grant Deed
related
$650,000 · Community First Bank
Nov 5, 2007
$750,000
Sidnay INC
Bulk Petroleum Kentucky Props
Warranty Deed
$600,000 · Mainsource Bank
Nov 29, 2006
—
Bulk Petroleum Kentucky Props
—
Deed Of Trust
related
$9,881,000 · Great Wisconsin Cu
Feb 7, 2005
$396,300
Bulk Petroleum Kentucky Props
Kp Oil INC
Warranty Deed
—
—
—
Zland LLC
—
Deed Of Trust
related
$770,000 · Capital Access Corp
—
—
Zland LLC
—
Loan Modification
related
$1,270,000 · First Savings Bank
—
—
Zland LLC
—
Deed Of Trust
related
$1,253,142 · First Savings Bank
—
—
Zland LLC
—
Loan Modification
related
$762,000 · First Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1323 Hurstbourne Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
