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Property profile & analytics
OFF-MARKET
Estimated value
$8,515,000
Warehouses
1554 Loney Ln Shively, KY 40216
Entity Owned
2-yr Hold
Free & Clear
Property ID
US34-0251854
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
88,320 SF
Lot
38.12 ac (1,660,507 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
24101002460000
UPID
US34-0251854
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.02M
Comparable Approach
Comparable
$8.54M
Blend (final)
Blend
$8.52M
Owner & transaction history
Brown Forman Corporation · 2 yrs held
Brown Forman Corporation
since 2023
3 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Shively, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.3M
+59.5%
Retail stores
$7.5M
+16.4%
Commercial (general)
$6.7M
+3.6%
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 Shively submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shively 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%
$11,935,000
6.5%
$11,015,000
7%
$10,230,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,450,000
Current use
OFFICE BUILDING
$10,285,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$7,505,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,680,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$8.52M
Range $7.66M – $9.37M · ±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
$96 / 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
$77,145
Tax year 2023
Assessed value
$7,729,960
Assessed 2023
Previous assessed
$4,809,030
+60.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,296,480
Assessed improvement
$5,433,480
Land market value
$2,296,480
Improvement market value
$5,433,480
Total market value
$7,729,960
Applied tax rate
24.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
YES
Cooling
NONE
Buildings
8
Stories
2
Total area
88,320 SF
Lot
38.12 ac (1,660,507 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
24101002460000
UPID
US34-0251854
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Shively, KY
Zoning EZ1-ENTERPRISE ZONE · permitted uses
EZ1-ENTERPRISE ZONE · Shively, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shively. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$10.3M
RETAIL STORES
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$6.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1990
Heating
YES
Cooling
Yes
Stories
2
Buildings
8
Lot
38.12 ac
Current owner
From public records · entity-resolved
Brown Forman Corporation
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 1080, LOUISVILLE, KY 40201-1080
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
—
Brown Forman Corporation
Louisville & Jefferson Cnty Metropo
Deed
—
Jul 16, 2021
—
Brown Forman Corporation
Brown Forman Corporation
Correction Deed
related
—
Apr 22, 2021
—
Jack Daniel Distillem Lem Motion Fr
Brown Formar Distiliers Corporation
Deed
—
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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