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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Schools
2013 Herr Ln Louisville, KY 40222-6444
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US34-0349172
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1970
Total area
6,216 SF
Lot
0.71 ac (30,762 SF)
Zoning code
R4-RESIDENTIAL SINGLE FAM
APN
21W00100900000
UPID
US34-0349172
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
-
Herr Lane KinderCare High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$780k
Owner & transaction history
Kcp Re LLC · 10 yrs held
Kcp Re LLC
since 2015
4 recorded transactions
Zoning & alternative use
R4-RESIDENTIAL SINGLE FAM · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+144.9%
Office building
$1.1M
+118.8%
Retail stores
$790,000
+62.7%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$485,000
Current use
AUTO REPAIR, GARAGE
$1,190,000
Change: +145% · Conversion: Difficult
OFFICE BUILDING
$1,065,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$125 / 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
$10,704
Tax year 2023
Assessed value
$932,400
Assessed 2023
Previous assessed
$932,400
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$202,940
Assessed improvement
$729,460
Land market value
$202,940
Improvement market value
$729,460
Total market value
$932,400
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1970
Heating
YES
Cooling
YES
Stories
1
Total area
6,216 SF
Lot
0.71 ac (30,762 SF)
Zoning code
R4-RESIDENTIAL SINGLE FAM
APN
21W00100900000
UPID
US34-0349172
Jurisdiction
JEFFERSON
Zoning & alternative use
R4-RESIDENTIAL SINGLE FAM · Louisville, KY
Zoning 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
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$470,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1970
Heating
YES
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Kcp Re LLC
Entity
Mailing address
6310 SAN VICENTE BLVD, LOS ANGELES, CA 90048-5426
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2015
—
Kcp Re LLC
Kc Propco Holding I LLC
Quit Claim Deed
related
—
May 22, 2012
—
Msk Holding Corp
Mini-skools Ltd
Grant Deed
related
—
—
—
Kcp Re LLC
—
Deed Of Trust
related
$550,000,000 · Miscellaneous Ins Co
—
—
Kcp Re LLC
—
Deed Of Trust
related
$550,000,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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