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Property profile & analytics
OFF-MARKET
Manufacturing properties
1631 Hl St, Louisville, KY 40210-1749
Entity Owned
4-yr Hold
Free & Clear
Property ID
US34-0342307
Property summary
AI-generated overview
This 34,602 square foot industrial property in Louisville, KY, is offered at $399,000 ($11.53/SF). Situated on a 1.2-acre lot, this vacant building presents a unique redevelopment opportunity. The property features two interior box truck docks with 16" x 16" doors, one covered exterior box truck dock (290 SF with an 8' x 8' door), and a covered rail dock (1,166 SF with two 12' x 6' doors). A small fenced yard provides additional secure outdoor space. The property is zoned EZ-1 and offers the potential for a Norfolk Southern rail siding. While the roof and interior require significant renovation, this presents a chance to create a customized space to meet specific business needs. This versatile property is ideal for manufacturing or warehousing operations seeking a strategic location in Jefferson County, KY, with convenient access to transportation and logistics infrastructure. The address is 1631 W Hill St, Louisville, KY 40210.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1930
Total area
32,052 SF
Lot
1.24 ac (53,927 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
07039H00060000
UPID
US34-0342307
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1631 W Hill St LLC · 4 yrs held
1631 W Hill St LLC
since 2022
Last sale
$169,000
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,268
Tax year 2023
Assessed value
$169,000
Assessed 2023
Previous assessed
$362,260
-53.3% YoY
Effective rate
1.34%
On assessed value
Assessed land
$72,770
Assessed improvement
$96,230
Land market value
$72,770
Improvement market value
$96,230
Total market value
$169,000
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
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
1930
Heating
YES
Cooling
YES
Stories
1
Total area
32,052 SF
Lot
1.24 ac (53,927 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
07039H00060000
UPID
US34-0342307
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Zoning 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
Louisville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
YES
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
1631 W Hill St LLC
Entity
Free & Clear · 4 yrs held
Mailing address
815 W MARKET ST UNIT #807, LOUISVILLE, KY 40202-2693
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
Dec 18, 2025
—
1631 W Hill St LLC
—
Deed
related
$150,000 · Metropolitan Business Development Corp
Jun 7, 2022
$169,000
1631 W Hill St LLC
1631 Hill Street Trust LLC
Warranty Deed
—
Jul 30, 2020
$42,600
1631 Hill Street Trust LLC
Master Commissioner Of Jefferson|burns,tommie JR &
Foreclosure
$62,000 · Murphy Property Rev Trust (rt)
—
—
Tommie Burns JR.
—
Deed Of Trust
related
$169,222 · Louisville Cmnty Dev Bk
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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