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Property profile & analytics

1419 Story Ave Louisville, KY 40206-1735

  • Retail space
  • 1,555 SF
  • 0.12 lot acres
OFF-MARKET
Last Sale
Jun 16, 2020
$765,000
Value Estimations
$635,000
Show details
Cap Rate Potential
2.6%
Retail space
Location Intelligence
Property ID
US34-0050326
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

  • Juan Gomes: Allstate Insurance / Insurance Agency
  • How To Business Show / Media Distribution
  • Jesse & Gena Photographers / Wedding Service / Photography Service

Property Details for 1419 Story Ave

Year built
1900
Construction
WOOD
Lot size
0.12 lot acres
Property size
1,555 SF
Zone code
C1-COMMERCIAL
Property type
Retail space
APN
04019J00570000
APU
04019J00570000

Description

This established Louisville, KY business, operating for over 20 years, offers custom balloon decor, gift baskets, party supplies, homemade fudge, and employee recognition items. Boasting a strong online presence with high ratings on Facebook, Google, and Yelp, it enjoys a loyal customer base of both businesses and individuals. The business generates a substantial NOI of $80,478 (2023), representing a 29.26% cap rate on an asking price of $275,000. The current owner averages over $90,000 annually. The sale includes all equipment, customer lists, digital assets, vendor relationships, and training materials. A prepaid Balloon Coach course is also included. The owner provides six weeks of transition assistance. The business operates from a retail location in downtown Louisville, offering a convenient base of operations. The lease is easily renegotiable, allowing for relocation if desired. This presents a unique opportunity to acquire a profitable, turnkey business with significant growth potential in the event and party industry. Inventory (food, ingredients, gift shop products) is not included in the asking price and will be purchased separately at cost. The business is easily adaptable and can be combined with other services in the event and entertainment industry.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $695,000
    ML approach
    $610,000

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


Location Insight

  • Map
  • Local Demand
City
Louisville
County
Jefferson
State
Kentucky
Longitude
-85.7259
Latitude
38.2573
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
$10,266
$78,890
$686,110
$765,000
-
$78,890
$686,110
$765,000
More about this property
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