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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Office buildings
1601 Alliant Ave Jeffersontown, KY 40299-6338
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US34-2371079
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
12,968 SF
Lot
2.11 ac (91,912 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22234900100000
UPID
US34-2371079
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
$2.52M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$2.24M
Owner & transaction history
Pentagon Group LLC · 16 yrs held
Pentagon Group LLC
since 2009
5 recorded transactions
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+108.3%
Retail stores
$2.8M
+103.3%
Auto repair, garage
$2.5M
+81.0%
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 Jeffersontown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jeffersontown 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%
$2,720,000
6.5%
$2,515,000
7%
$2,335,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,370,000
Current use
RESTAURANT
$2,860,000
Change: +108% · Conversion: Moderate
RETAIL STORES
$2,790,000
Change: +103% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,485,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±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
$172 / 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
$20,557
Tax year 2023
Assessed value
$1,775,180
Assessed 2023
Previous assessed
$1,775,180
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$791,370
Assessed improvement
$983,810
Land market value
$791,370
Improvement market value
$983,810
Total market value
$1,775,180
Applied tax rate
20.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Heating
YES
Cooling
YES
Stories
1
Total area
12,968 SF
Lot
2.11 ac (91,912 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22234900100000
UPID
US34-2371079
Jurisdiction
JEFFERSON
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Zoning PEC-PLANNED EMPLOYMENT CE · permitted uses
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jeffersontown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Pentagon Group LLC
Entity
Mailing address
1601 ALLIANT AVE, LOUISVILLE, KY 40299-6338
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2019
—
Pentagon Group LLC
—
Trustees Deed
related
$425,000 · Sena J Garrett
May 9, 2017
—
Pentagon Group LLC
—
Deed
related
$1,500,000 · Stockyard Bk&tr
Dec 18, 2009
$1,650,000
Pentagon Group LLC
Cascade Kentucky R/e LLC
Grant Deed
related
$1,720,000 · Stock Yards Bank
—
—
Pentagon Group LLC
—
Deed Of Trust
related
$1,500,000 · Stock Yards Bank
—
—
Pentagon Group LLC
—
Loan Modification
related
$1,500,000 · Stockyard Bk&tr
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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