Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Crums Ln Louisville, KY 40216

    • Industrial land
    • 15.26 lot acres
    For Sale
    View listing
    $1,965,600
    Last Sale
    May 20, 2021
    $1,108,852
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0364967
    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

    • Industrial land

    Property Details for 1500 Crums Ln

    Lot size
    15.26 lot acres
    Zone code
    M2-INDUSTRIAL
    Property type
    Industrial land
    APN
    13090E01160000
    APU
    13090E01160000

    Description

    This exceptional 15.12-acre parcel of commercially zoned land presents a significant investment opportunity in South Louisville, Kentucky. Located at 1500 Crums Lane, this property boasts an M-2 zoning designation, opening doors to a variety of industrial development projects. The expansive lot size offers ample space for a wide range of uses, including industrial development, self-storage facilities, or industrial outdoor storage (IOS). Its strategic location provides convenient access to Interstate 264, ensuring seamless transportation and logistics. The asking price is $1,965,600, translating to $130,000 per acre, reflecting the land's high value and potential. The property's Jefferson County location, with a Louisville, KY 40216 zip code, further enhances its appeal. The APN is 090E01160000. This is a rare chance to acquire a substantial tract of land in a thriving industrial area, poised for significant growth and return on investment. Don't miss this opportunity to secure a prime piece of Louisville real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,105,000
      ML approach
      $1,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.8046
    Latitude
    38.1872
    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
    $3,355
    $250,000
    $0.00
    $250,000
    -
    $250,000
    $0.00
    $250,000

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      1603 Albany Ave

      INDUSTRIAL - VACANT LAND • 0.35 Acres
      1603 Albany Ave, Louisville, KY 40216-2613
      View Details
    • Value Estimation by Request
      3.25 Acres

      3901 Schmitt Rd

      INDUSTRIAL - VACANT LAND • 3.25 Acres
      3901 Schmitt Rd, Louisville, KY 40216-4615
      View Details
    • Value Estimation by Request
      16.26 Acres

      3803 Shanks Ln

      INDUSTRIAL - VACANT LAND • 16.26 Acres
      3803 Shanks Ln, Louisville, KY 40216-3319
      View Details
    • Value Estimation by Request
      0.35 Acres

      4704 Cp Ground Rd

      INDUSTRIAL - VACANT LAND • 0.35 Acres
      4704 Cp Ground Rd, Louisville, KY 40216-4612
      View Details
    • Value Estimation by Request
      0.48 Acres

      4507 Cp Ground Rd

      INDUSTRIAL - VACANT LAND • 0.48 Acres
      4507 Cp Ground Rd, Louisville, KY 40216-4607
      View Details
    • Value Estimation by Request
      0.34 Acres

      4606 Cp Ground Rd

      INDUSTRIAL - VACANT LAND • 0.34 Acres
      4606 Cp Ground Rd, Louisville, KY 40216-4610
      View Details

    Similar Nearby for Sale

    • $100,000
      Pending

      Industrial Land in Louisville, KY

      Prime industrial-zoned land suitable for business growth and development.
      3707 Cane Run Rd, Louisville, KY 40216
      View Details
    • $300,000
      0.48 Acres

      High-Visibility Commercial Land

      Louisville, KY - Prime Commercial Lot
      4924 Cane Run Rd, Louisville, KY 40216
      View Details
    • $1,700,000
      1.70 Acres

      Dixie Hwy Retail Land - Louisville, KY

      1.7-Acre Commercial Lot, High Traffic
      4627 Dixie Hwy, Louisville, KY 40216
      View Details
    • Contact for pricing

      Commercial Land at Walmart Supercenter

      1.62 acre commercial land for sale near Louisville, KY.
      7030 Raggard Rd, Louisville, KY 40216
      View Details
    • $860,000
      35 SF

      Residential Redevelopment Opportunity in Louisville

      35 acres of land suitable for residential development.
      5127 R Land Cross Dr, Louisville, KY 40216
      View Details
    • $45,000
      0.19 Acres

      Residential Land in Shively

      Residential multi-family land for new construction in established neighborhood.
      Louisville, KY 40216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      253,000 SF

      Louisville Industrial Land Opportunity

      Prime 12-acre site, ideal for industrial development.
      6001 Camp Ground Rd, Louisville, KY 40216
      View Details
    • $14 SF/Yr
      1,680 SF

      Dixie Hwy Medical/Creative Office

      1,680 SF, High-Traffic Location, Ample Parking
      4734 Dixie Hwy, Louisville, KY 40216
      View Details
    • Contact for pricing
      5,225 SF

      Louisville Retail Building - Gagel Ave

      5,225 SF Freestanding Retail Space in Louisville, KY
      1715 Gagel Ave, Louisville, KY 40216
      View Details
    • $6 SF/Yr

      Industrial Buildings on 4.49 Acres

      Industrial buildings totaling 41,001 SF on 4.49 acres.
      1508 Crums Ln #Bldg., Louisville, KY 40216
      View Details
    • $12,720,000

      Modern Louisville Office Building

      Pristine 40,850 SF office building in Louisville, Kentucky.
      5012 Camp Ground Rd, Louisville, KY 40216
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 Crums Ln
    Louisville, KY 40216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.