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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Sports & entertainment properties
2011 Herr Ln Louisville, KY 40222-6444
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-2328115
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1971
Total area
94,900 SF
Lot
8.13 ac (354,143 SF)
Zoning code
R4-RESIDENTIAL SINGLE FAM
APN
21W00100020000
UPID
US34-2328115
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
-
Genesis Health Clubs - Louisville Tennis Club Sports School Sports Field & Court
-
Patti G's Tennis Plus Tennis Store
-
Tom & Dee's Tennis Shop (Bike/Boat/Book/etc) Store
-
Giving Cafetera Take-out & Catering Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$3.06M
Owner & transaction history
Genesis Health Clubs Ltc LLC · 3 yrs held
Genesis Health Clubs Ltc LLC
since 2023
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
R4-RESIDENTIAL SINGLE FAM · Louisville, 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
$3,055,000
ML approach
$2,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$5,865,000
Current use
COMMERCIAL (GENERAL)
$4,700,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±10% · vs last sale $3.68M (Mar 6 2023)
Last sale anchor
$3.68M
Mar 6 2023
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
$32 / 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
$56,271
Tax year 2023
Assessed value
$4,901,630
Assessed 2023
Previous assessed
$4,901,630
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$656,150
Assessed improvement
$4,245,480
Land market value
$656,150
Improvement market value
$4,245,480
Total market value
$4,901,630
Applied tax rate
26.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1971
Heating
YES
Cooling
YES
Stories
2
Total area
94,900 SF
Lot
8.13 ac (354,143 SF)
Zoning code
R4-RESIDENTIAL SINGLE FAM
APN
21W00100020000
UPID
US34-2328115
Jurisdiction
JEFFERSON
Zoning & alternative use
R4-RESIDENTIAL SINGLE FAM · Louisville, KYZoning R4-RESIDENTIAL SINGLE FAM · permitted uses
R4-RESIDENTIAL SINGLE FAM · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
COMMERCIAL (GENERAL)
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
1971
Heating
YES
Cooling
Yes
Stories
2
Lot
8.13 ac
Current owner
From public records · entity-resolved
Genesis Health Clubs Ltc LLC
Entity
Mailing address
6100 E CENTRAL AVE STE #3, WICHITA, KS 67208-4237
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
$3,675,000
Genesis Health Clubs Ltc LLC
Club Mgmt Group Louisville Tennis C
Special Warranty Deed
$17,000,000 · Limestone Bank INC
Aug 25, 2016
—
Club Mgmt Group-louisville Ten
—
Deed
related
$2,701,155 · Commonwealth Bk
Dec 22, 2011
—
Club Mgmt Group-louisville Ten
—
Deed Of Trust
related
$2,800,000 · Commonwealth Bank
—
—
Club Mgmt Group-blairwood LLC
—
Deed Of Trust
related
$150,000 · Commonwealth Bank
—
—
Club Mgmt Group-louisville Ten
—
Deed Of Trust
related
$2,584,000 · Commonwealth Bank
—
—
Club Mgmt Group-louisville Ten
—
Deed Of Trust
related
$3,500,000 · Commonwealth Bank
—
—
Club Mgmt Group-louisville Ten
—
Deed Of Trust
related
$450,000 · Commonwealth Bk
—
—
Club Mgmt Group-louisville Ten
—
Loan Modification
related
$4,608,163 · Commonwealth Bk
—
—
Club Mgmt Group-louisville Ten
—
Loan Modification
related
$2,701,155 · Commonwealth 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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