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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Manufacturing properties
1401 15th St, Louisville, KY 40210
Entity Owned
~
Est. High Equity
Property ID
US34-0014350
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1872
Total area
31,808 SF
Lot
1.83 ac (79,497 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
07039E00110000
UPID
US34-0014350
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
-
Kelley Technical Coatings Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$925k
Owner & transaction history
Lanning Chemical Company INC
Lanning Chemical Company INC
since 2025
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.20M (Dec 15 2025)
Last sale anchor
$1.20M
Dec 15 2025
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
$29 / 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
$10,772
Tax year 2023
Assessed value
$802,690
Assessed 2023
Previous assessed
$757,190
+6.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$179,980
Assessed improvement
$622,710
Land market value
$179,980
Improvement market value
$622,710
Total market value
$802,690
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1872
Heating
YES
Cooling
NONE
Buildings
3
Stories
2
Total area
31,808 SF
Lot
1.83 ac (79,497 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
07039E00110000
UPID
US34-0014350
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Zoning EZ1-ENTERPRISE ZONE · permitted uses
EZ1-ENTERPRISE ZONE · 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.
Building & site characteristics
From public records
Year built
1872
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
1.83 ac
Current owner
From public records · entity-resolved
Lanning Chemical Company INC
Entity
Mailing address
35 PROGRESSIVE DR, TAYLORSVILLE, KY 40071-6684
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
$1,200,000
Lanning Chemical Company INC
Lakestone Enterprises INC
Warranty Deed
$935,000 · Peoples Bank
Jan 4, 2024
$450,000
Lkakestone Enterprises INC
Kelly Technical Coatings INC
Warranty Deed
—
Feb 7, 2008
—
Kelley Technical Coatings INC
—
Trustees Deed
related
$499,999 · Branch Banking & Trust Co
Oct 17, 2006
$80,000
Okf Properties LLC
Rivercity Ents INC
Grant Deed
related
$68,000 · National City Bank
Dec 22, 2005
$38,400
River City Ents INC
Norfolk Southern Railway
Grant Deed
—
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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