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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Warehouses
1830 Cargo Ct Jeffersontown, KY 40299-1912
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0312680
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
16,693 SF
Lot
0.98 ac (42,872 SF)
APN
22003808620000
UPID
US34-0312680
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
$2.00M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.98M
Owner & transaction history
Cargo 1830 LLC · 4 yrs held
Cargo 1830 LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+120.7%
Office building
$1.8M
+21.9%
Commercial (general)
$1.6M
+9.2%
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
$2,035,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,450,000
Current use
AUTO REPAIR, GARAGE
$3,195,000
Change: +121% · Conversion: Easy
OFFICE BUILDING
$1,765,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,580,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±10% · vs last sale $1.91M (Jun 24 2022)
Last sale anchor
$1.91M
Jun 24 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
$119 / 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
$22,286
Tax year 2023
Assessed value
$1,908,030
Assessed 2023
Previous assessed
$859,430
+122.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$186,900
Assessed improvement
$1,721,130
Land market value
$186,900
Improvement market value
$1,721,130
Total market value
$1,908,030
Applied tax rate
1.0000
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
1975
Heating
YES
Cooling
NONE
Stories
1
Total area
16,693 SF
Lot
0.98 ac (42,872 SF)
APN
22003808620000
UPID
US34-0312680
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1975
Heating
YES
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Cargo 1830 LLC
Entity
Mailing address
1830 CARGO CT, LOUISVILLE, KY 40299-1912
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
$1,908,027
Cargo 1830 LLC
First Class Asset Managemet LLC
Special Warranty Deed
$1,526,421 · Republic Bank & Trust
Oct 4, 2019
—
First Class Asset Mgmt LLC
—
Deed
related
$297,500 · Republic Bk&tr
Dec 21, 2018
—
First Class Asset Mgmt LLC
—
Deed
related
$590,000 · Republic Bk&tr
Nov 7, 2018
—
First Class Asset Mgmt LLC
—
Trustees Deed
related
$5,000,000 · Republic Bk&tr
Feb 24, 2017
$800,000
First Class Asset Mgmt LLC
Asi Holdings LLC
Grant Deed
related
$1,280,000 · Mainsource Bk
Nov 3, 2010
$240,000
Asi Holdings LLC
Watkins Ventures LLC
Warranty Deed
related
$348,000 · L & N FCU
—
—
First Class Asset Mgmt LLC
—
Deed Of Trust
related
$590,000 · Republic Bk&tr
—
—
First Class Asset Mgmt LLC
—
Deed Of Trust
related
$297,500 · Republic 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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