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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Sports & entertainment properties
1512 Portland Ave Louisville, KY 40203-1458
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-2376502
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1900
Total area
25,598 SF
Lot
1.13 ac (49,397 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
03015H01070000
UPID
US34-2376502
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
-
Posh Beauty Studio (Bike/Boat/Book/etc) Store Cosmetic Store
-
WeirdHaus Louisville Costumes & Photo (Bike/Boat/Book/etc) Store Photography Service
-
Soundbase Studios Recording Studio
-
fifteenTWELVE Creative Compound Hotel & Motel Resort
-
Set & Setting (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$965k
Owner & transaction history
Rockerbuilt LLC · 3 yrs held
Rockerbuilt LLC
since 2022
Last sale
$950,000
7 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
$965,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,580,000
Current use
RETAIL STORES
$1,505,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,285,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $950k (Nov 14 2022)
Last sale anchor
$950k
Nov 14 2022
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
$38 / 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
$10,993
Tax year 2023
Assessed value
$819,140
Assessed 2023
Previous assessed
$355,450
+130.5% YoY
Effective rate
1.34%
On assessed value
Assessed land
$68,020
Assessed improvement
$751,120
Land market value
$68,020
Improvement market value
$751,120
Total market value
$819,140
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
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1900
Heating
YES
Cooling
NONE
Stories
1
Total area
25,598 SF
Lot
1.13 ac (49,397 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
03015H01070000
UPID
US34-2376502
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KYZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1900
Heating
YES
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Rockerbuilt LLC
Entity
Mailing address
1512 PORTLAND AVE, LOUISVILLE, KY 40203-1458
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
Rockerbuilt LLC
—
Deed
related
$253,000 · Park Community FCU
Nov 14, 2022
$950,000
Rockerbuilt LLC
4 Blokes LLC
Warranty Deed
$50,000 · Park Community FCU
Apr 24, 2020
—
4 Blokes LLC
—
Deed
related
$50,000 · Business Dev
Jan 3, 2019
—
4 Blokes LLC
—
Deed
related
$380,000 · Stockyard Bk&tr
Apr 28, 2014
$325,000
4 Blokes LLC
Edwards,david A & Michelle
Warranty Deed
$380,000 · Stock Yards Bk
—
—
4 Blokes LLC
—
Loan Modification
related
$380,000 · Stockyard Bk&tr
—
—
4 Blokes LLC
—
Deed Of Trust
related
$50,000 · Metropolitan Busn Dev Corp
—
—
4 Blokes LLC
—
Loan Modification
related
$50,000 · Business Dev
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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