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Property profile & analytics
FOR LEASE
Retail space
1901 Blankenbaker Pkwy Louisville, KY 40299
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US34-2336729
For Lease
1 / 14
$21 SF/Yr
1901 Blankenbaker Pkwy, Louisville, KY 40299
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
28,486 SF
Lot
3.54 ac (154,072 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22218700140000
UPID
US34-2336729
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$3.20M
Owner & transaction history
Deck Blankenbaker LLC · 9 yrs held
Deck Blankenbaker LLC
since 2017
7 recorded transactions
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.20M
Range $2.88M – $3.51M · ±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
$112 / 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
$41,990
Tax year 2023
Assessed value
$3,595,000
Assessed 2023
Previous assessed
$3,595,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,894,820
Assessed improvement
$1,700,180
Land market value
$1,894,820
Improvement market value
$1,700,180
Total market value
$3,595,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1999
Heating
YES
Cooling
NONE
Stories
1
Total area
28,486 SF
Lot
3.54 ac (154,072 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22218700140000
UPID
US34-2336729
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.
Building & site characteristics
From public records
Year built
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
3.54 ac
Current owner
From public records · entity-resolved
Deck Blankenbaker LLC
Entity
Mailing address
150 THIERMAN LN, LOUISVILLE, KY 40207-5010
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2017
$3,595,000
Deck Blankenbaker LLC
Greg Crawford LLC
Warranty Deed
$2,696,250 · Watch Hill Bk
Jan 7, 2016
$2,546,250
Greg Crawford LLC
Cmlt 2008-ls1 Retail 1901 LLC
Grant Deed
—
Feb 19, 2014
$3,213,682
Cmlt 2008-ls1 Retail 1901 LLC
Commissioner Of Jefferson County
Trustees Deed
—
Sep 6, 2007
$4,400,000
Jewel Land Investors LLC
Horizon Investments I LLC
Grant Deed
related
$3,150,000 · Lasalle National Bank
—
—
Greg Crawford LLC
—
Deed Of Trust
related
$500,000 · Citizens Deposit Bk
—
—
Greg Crawford LLC
—
Deed Of Trust
related
$1,160,000 · Citizens Deposit Bk
—
—
Greg Crawford LLC
—
Deed Of Trust
related
$2,550,000 · Citizens Deposit 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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