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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Manufacturing properties
1570 Story Ave, Louisville, KY 40206-1738
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0362027
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1848
Total area
24,612 SF
Lot
1.19 ac (51,662 SF)
Zoning code
M2-INDUSTRIAL
APN
04020H00610000
UPID
US34-0362027
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
-
Hadley Pottery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.72M
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$2.73M
Owner & transaction history
Hadley Continuum Property LLC · 3 yrs held
Hadley Continuum Property LLC
since 2022
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+146.9%
Office building
$2.5M
+93.8%
Commercial (general)
$1.9M
+46.7%
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
$2,760,000
ML approach
$2,715,000
CAP Approach
CAP Return
Estimation
6%
$2,455,000
6.5%
$2,265,000
7%
$2,105,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,130,000
Change: +147% · Conversion: Moderate
OFFICE BUILDING
$2,460,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,860,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,795,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$2.73M
Range $2.46M – $3.00M · ±10% · vs last sale $2.73M (Nov 2 2022)
Last sale anchor
$2.73M
Nov 2 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
$111 / 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
$28,625
Tax year 2023
Assessed value
$2,132,980
Assessed 2023
Previous assessed
$658,530
+223.9% YoY
Effective rate
1.34%
On assessed value
Assessed land
$312,510
Assessed improvement
$1,820,470
Land market value
$312,510
Improvement market value
$1,820,470
Total market value
$2,132,980
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1848
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Total area
24,612 SF
Lot
1.19 ac (51,662 SF)
Zoning code
M2-INDUSTRIAL
APN
04020H00610000
UPID
US34-0362027
Jurisdiction
JEFFERSON
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Zoning M2-INDUSTRIAL · permitted uses
M2-INDUSTRIAL · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1848
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Hadley Continuum Property LLC
Entity
Mailing address
2307 RIV RD STE #200, LOUISVILLE, KY 40206-5005
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Hadley Continuum Property LLC
—
Deed
related
$500,000 · Stock Yards Bank & Trust Co
May 24, 2024
—
Hadley Continuum Property LLC
—
Deed
related
$200,000 · Metropolitan Business Development Corp
Nov 2, 2022
$2,725,000
Hadley Continuum Property LLC
Moore Investmentpartnership Of Loui
Special Warranty Deed
$2,316,250 · Stock Yards Bank & Trust Co
Dec 4, 2017
—
Moore Securities Ptshp Lllp
Hadco INC
Grant 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.
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