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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Office buildings
1920 Goldsmith Ln, Louisville, KY 40218-2073
Entity Owned
8-yr Hold
Free & Clear
Property ID
US34-2392339
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Total area
14,457 SF
Lot
1.55 ac (67,518 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
13087G02100000
UPID
US34-2392339
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
-
Select Nursing Services Inc Employment Agency
-
G4S Secure Solutions Security Service
-
Select-A-Temp Temporaries Employment Agency
-
Active Day of Watterson Park Disability Services Adult Day Care Center
-
Allied Universal® Security Services Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.70M
Owner & transaction history
3337 Newburg Road Ky LLC · 8 yrs held
3337 Newburg Road Ky LLC
since 2018
7 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+64.4%
Retail stores
$1.8M
+9.3%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,685,000
Current use
AUTO REPAIR, GARAGE
$2,770,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$1,840,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±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
$117 / 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
$18,169
Tax year 2023
Assessed value
$1,353,870
Assessed 2023
Previous assessed
$1,353,870
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$242,660
Assessed improvement
$1,111,210
Land market value
$242,660
Improvement market value
$1,111,210
Total market value
$1,353,870
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Heating
YES
Cooling
YES
Stories
2
Total area
14,457 SF
Lot
1.55 ac (67,518 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
13087G02100000
UPID
US34-2392339
Jurisdiction
JEFFERSON
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Louisville, KY
Zoning OR3-OFFICE/RESIDENTIAL · permitted uses
OR3-OFFICE/RESIDENTIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1960
Heating
YES
Cooling
Yes
Stories
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
3337 Newburg Road Ky LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 99738, LOUISVILLE, KY 40269-0738
Ownership since
2018
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
Sep 13, 2018
—
Visually Impaired Preschool Sv
—
Deed
related
$250,000 · Pnc Bk
Jun 19, 2018
—
3337 Newburg Road Ky LLC
Rez Properties LLC
Quit Claim Deed
related
—
Nov 18, 2014
$980,000
Taylor Avenue LLC
Ksb Sycamore LLC
Grant Deed
$930,000 · King Sthrn Bk
Nov 5, 2014
$700,000
Ksb Sycamore LLC
Commissioner Of Jefferson County|weikel,john J
Trustees Deed
—
Nov 9, 2007
$750,509
John J Weikel II
Goldsmith Lane Properties LLC
Grant Deed
related
$1,250,000 · King Southern Bank
—
—
John J Weikel II
—
Deed Of Trust
related
$1,927,850 · King Southern Bank
—
—
Goldsmith Lane Properties LLC
—
Deed Of Trust
related
$691,172 · First Harrison Bank
—
—
Visually Impaired Preschool Sv
—
Deed Of Trust
related
$250,000 · Pnc 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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