1604 Northwestern Pkwy Louisville, KY 40203
Entity Owned
Free & Clear
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID
US34-2380747
Property summary
AI-generated overview
This exceptional 42,773-square-foot industrial facility in Louisville, KY, offers a unique opportunity for a single tenant. Situated on 2.75 acres with I-64 & Northwestern Pkwy frontage, this Class C property boasts four buildings, ideal for heavy industrial use. Built in 1981, the property features 15-30' ceiling heights, 12 drive-ins, and 15+ parking spaces. The property includes 3-phase power (details in brochure), a licensed paint booth, fire suppression, reinforced floors, and ample outdoor storage. Zoned EZ-1, the property includes an alley right-of-way that could be closed for contiguous outdoor space. Three undeveloped lots offer potential for expansion. The current tenant vacates February 2025, allowing for quick occupancy. Tenant improvements and build-outs are negotiable. While a single tenant is preferred, subleasing may be possible with specific restrictions. The APN is 015K00460000, 015K00490000, 015K00720000, 015K00160000, 015K00150000, 015K00140000. Taxes are $0.36 per square foot.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1938
Total area
20,040 SF
Lot
0.93 ac (40,467 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
03015K00490000
UPID
US34-2380747
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$310k
Owner & transaction history
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$310k
Value range
$279k – $341k
±10% around blend
Estimated value / SF
$15 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
20
$279k
blend $310k
$341k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
20,040 SF
Lot area
0.93 ac
Year built
1938
Stories
1
APN
03015K00490000
Assessed value
$501,040
Annual tax
$6,724
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$494k
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$310k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 73 sales
$52
-70%
County 73 sales
$52
-70%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $15/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$501k
Move the market yield to see immediate price impact.
Value / SF
$25
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$32k
$631k
$451k
$351k
$35k
$701k
$501k
$390k
$39k
$772k
$551k
$429k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,724
Tax year 2023
Assessed value
$501,040
Assessed 2023
Previous assessed
$404,130
+24.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$56,420
Assessed improvement
$444,620
Land market value
$56,420
Improvement market value
$444,620
Total market value
$501,040
Applied tax rate
23.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1938
Heating
YES
Cooling
NONE
Stories
1
Total area
20,040 SF
Lot
0.93 ac (40,467 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
03015K00490000
UPID
US34-2380747
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
Building & site characteristics
From public records
Year built
1938
Heating
YES
Cooling
Yes
Stories
1
Lot
0.93 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
EZ1-ENTERPRISE ZONE
Jurisdiction
Louisville, KY
Recorded code
EZ1-ENTERPRISE ZONE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for EZ1-ENTERPRISE ZONE in Louisville, KY.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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