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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Warehouses
1500 Browns Ln Saint Matthews, KY 40207-4645
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US34-2380342
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
5,750 SF
Lot
3.67 ac (159,865 SF)
Zoning code
CM-COMMERCIAL MANUFACTURI
APN
22187401320000
UPID
US34-2380342
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
-
Devon Self Storage Storage Facility
-
Near2Me Self Storage Units Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$740k
Owner & transaction history
Sh 708 LLC · 5 yrs held
Sh 708 LLC
since 2020
4 recorded transactions
Zoning & alternative use
CM-COMMERCIAL MANUFACTURI · Saint Matthews, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+162.3%
Office building
$1.0M
+144.5%
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 Saint Matthews submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Matthews 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
$755,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,100,000
Change: +162% · Conversion: Easy
OFFICE BUILDING
$1,025,000
Change: +144% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$129 / 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
$76,534
Tax year 2023
Assessed value
$6,666,720
Assessed 2023
Previous assessed
$6,666,720
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,056,620
Assessed improvement
$4,610,100
Land market value
$2,056,620
Improvement market value
$4,610,100
Total market value
$6,666,720
Applied tax rate
26.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
YES
Cooling
NONE
Buildings
8
Stories
1
Total area
5,750 SF
Lot
3.67 ac (159,865 SF)
Zoning code
CM-COMMERCIAL MANUFACTURI
APN
22187401320000
UPID
US34-2380342
Jurisdiction
JEFFERSON
Zoning & alternative use
CM-COMMERCIAL MANUFACTURI · Saint Matthews, KY
Zoning CM-COMMERCIAL MANUFACTURI · permitted uses
CM-COMMERCIAL MANUFACTURI · Saint Matthews, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Matthews. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
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
1987
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Lot
3.67 ac
Current owner
From public records · entity-resolved
Sh 708 LLC
Entity
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
—
Sh 708 LLC
Sh 708-716 LLC
Quit Claim Deed
related
—
Jul 31, 2008
$6,038,100
Sh 708-716 LLC
Browns Lane Ministorage Ltd
Grant Deed
related
$3,590,297 · Prudential Insurance Co
—
—
Browns Lane Ministorage Ltd
—
Deed Of Trust
related
$3,650,000 · Prudential Insurance Co
—
—
Self-storage Portfolio Xii Dst
—
Deed Of Trust
related
$32,600,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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