Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1902 Embassy Sq Blvd Jeffersontown, KY 40299-1841

    • Commercial real estate
    • 11,500 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0354111
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1902 Embassy Sq Blvd

    Year built
    1986
    Lot size
    1.21 lot acres
    Property size
    11,500 SF
    Zone code
    C2-COMMERCIAL
    Property type
    Commercial real estate
    APN
    22192600060000
    APU
    22192600060000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersontown
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5774
    Latitude
    38.2176
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,189
    $529,910
    $10
    $529,920
    -
    $529,910
    $10
    $529,920

    Comparable in this City

    • Value Estimation by Request
      1.20 Acres

      12630 Taylorsville Rd

      Land • 1.20 Acres
      12630 Taylorsville Rd, Louisville, KY 40299
      View Details
    • Value Estimation
      $975,000
      10,794 SF

      2660 Technology Dr

      SHOW ROOM, WAREHOUSE • 10,794 SF
      2660 Technology Dr, Jeffersontown, KY 40299-6424
      View Details
    • Value Estimation
      $2,220,000
      25,092 SF

      1720 Bluegrass Ct

      SHOW ROOM, WAREHOUSE • 25,092 SF
      1720 Bluegrass Ct, Jeffersontown, KY 40299-3392
      View Details
    • Value Estimation
      $6,345,000
      81,369 SF

      11003 Bluegrass Pkwy

      SHOW ROOM, WAREHOUSE • 81,369 SF
      11003 Bluegrass Pkwy, Jeffersontown, KY 40299-2363
      View Details
    • Value Estimation
      $755,000
      7,650 SF

      1700 Cargo Ct

      SHOW ROOM, WAREHOUSE • 7,650 SF
      1700 Cargo Ct, Jeffersontown, KY 40299-1938
      View Details
    • Value Estimation
      $1,065,000
      12,128 SF

      2711 Holloway Rd

      SHOW ROOM, WAREHOUSE • 12,128 SF
      2711 Holloway Rd, Jeffersontown, KY 40299-6122
      View Details

    Similar Nearby for Sale

    • $495,000
      5.00 Acres

      Louisville Commercial Land - 5 Acres

      Prime 5-acre commercial lot, ideal for development.
      6107 Billtown Rd, Louisville, KY 40299
      View Details
    • $1,600,000
      2.20 Acres

      Louisville Commercial Land - $1.6M

      2.2-acre development site, high traffic area.
      11850 Plantside Dr, Louisville, KY 40299
      View Details
    • $1,250,000
      1.20 Acres

      Taylorsville Road Commercial Land

      1.2-Acre Retail Land, High Traffic
      12630 Taylorsville Rd, Louisville, KY 40299
      View Details
    • $2,999,000
      50,586 SF

      Louisville Event Facility: 24 Acres

      Versatile 50,586 sq ft event space, ideal for diverse uses.
      2612 English Station Rd, Louisville, KY 40299
      View Details
    • Contact for pricing
      0.65 Acres

      Jtown Mixed-Use Commercial Land

      Prime Louisville location, build-to-suit opportunity.
      3301 College Dr, Louisville, KY 40299
      View Details
    • $204,900
      1,074 SF

      Windsor Gate Condo with Amenities

      Two-bedroom condo with amenities near shopping, dining, and interstate.
      3905 Yardley Ct, Louisville, KY 40299
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      182,268 SF

      Quantum Business Centre: Flex Space Available

      Jefferson County Industrial Space; 1,200-4,292 SF Units
      10300 Bluegrass Pkwy, Louisville, KY 40299
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in High-Density Area

      Retail space in Louisville, KY, high-visibility location.
      9525-9565 Taylorsville Rd, Louisville, KY 40299
      View Details
    • Contact for pricing

      Grocery Anchored Retail Space

      Retail space in established shopping center with strong demographics.
      12302 Taylorsville Rd, Louisville, KY 40299
      View Details
    • $12 SF/Yr
      3,712 SF

      Bluegrass Industrial Park Offices

      Prime Office Space, Flexible Sizes, CAM Included
      2540 Ridgemar Ct, Louisville, KY 40299
      View Details
    • Contact for pricing

      Air Conditioned Warehouse Space Available

      Warehouse space with air conditioning, dock doors, and office area.
      1904 Watterson Trl, Louisville, KY 40299
      View Details
    • $11 SF/Yr
      12,481 SF

      Prime Louisville Retail Space

      12,481 SF Retail Building, Kentucky
      2800 Diode Ln, Louisville, KY 40299
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1902 Embassy Sq Blvd
    Jeffersontown, KY 40299-1841
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.