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Property profile & analytics
OFF-MARKET
Estimated value
$4,880,000
Retail space
150 Hurstbourne Pkwy Lyndon, KY 40222-5108
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US34-2387257
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Total area
139,661 SF
Lot
11.76 ac (512,048 SF)
Zoning code
C1-COMMERCIAL
APN
21176600030000
UPID
US34-2387257
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.82M
Blend (final)
Blend
$4.88M
Owner & transaction history
At Forum Louisville Ky II LLC · 6 yrs held
At Forum Louisville Ky II LLC
since 2019
7 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Lyndon, 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 Lyndon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lyndon 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
$4.88M
Range $4.39M – $5.37M · ±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
$35 / 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
$159,963
Tax year 2023
Assessed value
$13,813,750
Assessed 2023
Previous assessed
$13,813,750
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$6,356,600
Assessed improvement
$7,457,150
Land market value
$6,356,600
Improvement market value
$7,457,150
Total market value
$13,813,750
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Heating
YES
Cooling
NONE
Stories
1
Total area
139,661 SF
Lot
11.76 ac (512,048 SF)
Zoning code
C1-COMMERCIAL
APN
21176600030000
UPID
US34-2387257
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Lyndon, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · Lyndon, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lyndon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
YES
Cooling
Yes
Stories
1
Lot
11.76 ac
Current owner
From public records · entity-resolved
At Forum Louisville Ky II LLC
Entity
Mailing address
2701 E CAMELBACK RD STE #150, PHOENIX, AZ 85016-4324
Ownership since
2019
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
Oct 4, 2022
—
At Forum Louisville Ky II LLC
—
Deed
related
$13,250,000 · First Guaranty Bank
Jul 18, 2019
—
At Forum Louisville Ky II LLC
At Forum Ky Member II LLC
Quit Claim Deed
related
$13,500 · Mcreif Subreit LLC
Sep 8, 2017
$351,100
Ata Forum Louisville Ky LLC
Ata Forum Louisville Ky LLC
Quit Claim Deed
related
—
Sep 1, 2017
—
Ata Forum Louisville Ky LLC
—
Grant Deed
related
$41,250,000 · Yam Cap III LLC
Jan 14, 2015
—
Ata Forum Louisville Ky LLC
—
Grant Deed
related
$13,500,000 · Tc Debt Opportunities LLC
Jan 7, 2013
$7,050,000
Ata Forum Louisville Ky LLC
Us Bk NA Serie 2006-pwr11
Grant Deed
$6,679,600 · A10 Capital LLC
Nov 15, 2011
$9,300,000
Us Bank NA Series 2006-pwr11 Tr
Commissioner Of Jefferson Cnty
Trustees Deed
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.
Try Rey
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