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    200 Juneau Dr Middletown, KY 40243-2548

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    200 Juneau Dr Middletown, KY 40243-2548

    View on Map
    • Office buildings
    • 36,350 SF
    • 3.04 lot acres
    Off-Market
    Property ID
    US34-0308030
    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.
    Value Estimations
    $2,890,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 200 Juneau Dr

    Year built
    1976
    Lot size
    3.04 lot acres
    Property size
    36,350 SF
    Property type
    Office buildings
    APN
    21164600130000
    APU
    21164600130000

    Description

    This exceptional 2.1-acre commercial/industrial land parcel in Louisville, Kentucky, presents a unique investment opportunity. Located at 200 Juneau Dr, in Jefferson County (APN 164600130000), this C-2 zoned property boasts high visibility and convenient access to Shelbyville Road, a major thoroughfare with over 40,000 vehicles per day. The site benefits from a signalized intersection allowing for easy ingress and egress. An existing 36,570 square foot building is present and suitable for various uses including flex space, light industrial, special use, office, and retail. Alternatively, demolition allows for new construction tailored to specific needs. The property's prime location is adjacent to a new Aldi grocery store opening in 2024, ensuring high traffic and strong consumer presence. A large pylon sign with a dedicated 6' x 10' panel for the tenant is planned. The surrounding area features a robust retail environment, including national retailers such as Kroger, Target, Walmart, Walgreens, Petco, Hobby Lobby, Academy Sports, Liquor Barn, and Dunkin', indicating a strong trade area with attractive demographics. This property offers unparalleled potential for businesses seeking high visibility and convenient access in a thriving retail corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,773,000
      Market price range: $2.77M - $6.16M
      AI Estimate
      $2,436,000
      Market price range: $2.44M - $6.63M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,470,000
      Current use
      RETAIL STORES
      $4,660,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5263
    Latitude
    38.2477
    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
    $23,234
    $1,092,870
    $913,500
    $2,006,370
    -
    $1,092,870
    $913,500
    $2,006,370

    Comparable in this City

    • Value Estimation
      $3,295,000
      29,188 SF

      400 Blankenbaker Pkwy

      OFFICE BUILDING • 29,188 SF
      400 Blankenbaker Pkwy, Douglass Hills, KY 40243-1882
      View Details
    • Value Estimation
      $690,000
      6,000 SF

      11901 Brinley Ave

      OFFICE BUILDING • 6,000 SF
      11901 Brinley Ave, Middletown, KY 40243-1097
      View Details
    • Value Estimation
      $1,365,000
      7,488 SF

      12000 Aiken Rd

      OFFICE BUILDING • 7,488 SF
      12000 Aiken Rd, Middletown, KY 40243-2413
      View Details
    • Value Estimation
      $755,000
      6,287 SF

      11507 Main St

      OFFICE BUILDING • 6,287 SF
      11507 Main St, Middletown, KY 40243-1315
      View Details
    • Value Estimation
      $1,060,000
      5,644 SF

      11300 Main St

      OFFICE BUILDING • 5,644 SF
      11300 Main St, Douglass Hills, KY 40243
      View Details
    • Value Estimation
      $895,000
      8,484 SF

      310 Evergreen Rd

      OFFICE BUILDING • 8,484 SF
      310 Evergreen Rd, Middletown, KY 40243-1087
      View Details

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    Similar Nearby for Lease

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      4,200 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 4,200 square feet.
      801 Blankenbaker Pkwy, Louisville, KY 40243
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease.
      11720 Shelbyville Rd, Louisville, KY 40243
      View Details
    • Contact for pricing
      620 SF

      Retail Space on Shelbyville Road

      Retail space available for lease on Shelbyville Road.
      12501 Shelbyville Rd, Louisville, KY 40243
      View Details
    • Contact for pricing

      Retail Space in Power Center

      Retail spaces available in Louisville's affluent east end.
      12935 Shelbyville Rd, Louisville, KY 40243
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      Retail Space on Shelbyville Road

      Rare retail space with high visibility in Middletown.
      12905 Shelbyville Rd, Louisville, KY 40243
      View Details
    • Contact for pricing

      Middletown Station Retail Space Available

      Retail spaces available in a high-traffic shopping center.
      12955 Shelbyville Rd, Middletown, KY 40243
      View Details
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    Middletown, KY 40243-2548
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    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
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