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1915 Bishop Ln, Louisville, KY 40218
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Property summary
AI-generated overview
This exceptional Louisville, KY office property at 1915 Bishop Ln offers a unique investment or owner-occupancy opportunity. The two-story, 6,298 square foot building, situated on a 1.18-acre lot, is classified as Class B and was constructed in 2003. The property boasts high visibility with I-264 frontage at the intersection of Newburg Road and Bishop Lane, a high-traffic area. The building features two suites, with the finished first floor comprising 6,298 square feet and a 2,495 square foot unfinished second floor, offering a potential for expansion up to 8,793 contiguous square feet. The flexible layout allows for multiple tenants or a single large user. Ample surface parking is available with 40 spaces. The property is zoned OR-3 (Office/Residential District) in Jefferson County, KY, and includes two large signs visible from I-264. An adjacent 0.3-acre vacant lot presents an opportunity for future expansion of parking or building square footage. This property is ideal for a variety of uses, including coworking, medical offices, and other office-related businesses. The Jefferson County APN is 087G01890001. The property's prime location and versatile design make it a compelling investment prospect.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
8,456 SF
Lot
1.3 ac (56,628 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
13087G01890001
UPID
US34-2338602
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Physician
-
Physician
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.55M
Owner & transaction history
since 2025
2 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Louisville, KY
Top alternative use upside
Restaurant
$1.9M
+89.3%
Auto repair, garage
$1.6M
+64.4%
Retail stores
$1.1M
+9.3%
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.55M
Value range
$1.40M – $1.71M
±10% around blend
Estimated value / SF
$183 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$1.40M
blend $1.55M
$1.71M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,456 SF
Lot area
1.3 ac
Year built
2003
Stories
2
APN
13087G01890001
Zoning
OR3-OFFICE/RESIDENTIAL
Assessed value
$1,168,920
Annual tax
$15,687
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.79M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.94M
@ 6.5% CAP return
$1.79M
@ 7% CAP return
$1.67M
4
Sales comparison
Partial preview
Sales approach indication
$1.17M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.8 mi away · 5,944 SF
6.3 mi away · 7,360 SF
8.8 mi away · 8,320 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.55M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 548 sales
$116
+57%
County 559 sales
$117
+56%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $183/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+89%
vs current-use indication
Auto Repair, Garage
Retail Stores
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 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$1.17M
Move the market yield to see immediate price impact.
Value / SF
$138
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%
$74k
$1.47M
$1.05M
$818k
$82k
$1.64M
$1.17M
$909k
$90k
$1.80M
$1.29M
$1.00M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.90M
2.3 mi · Dec 2025 · $263/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,687
Tax year 2023
Assessed value
$1,168,920
Assessed 2023
Previous assessed
$1,168,920
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$177,080
Assessed improvement
$991,840
Land market value
$177,080
Improvement market value
$991,840
Total market value
$1,168,920
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Heating
YES
Cooling
YES
Stories
2
Total area
8,456 SF
Lot
1.3 ac (56,628 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
13087G01890001
UPID
US34-2338602
Jurisdiction
JEFFERSON
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Louisville, KYZoning OR3-OFFICE/RESIDENTIAL · permitted uses
OR3-OFFICE/RESIDENTIAL · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
YES
Cooling
Yes
Stories
2
Lot
1.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OR3-OFFICE/RESIDENTIAL
Jurisdiction
Louisville, KY
Recorded code
OR3-OFFICE/RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OR3-OFFICE/RESIDENTIAL 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.
Registration is required before the official district profile is shown.
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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.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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