New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Manufacturing properties
2033 Metal Ln, Louisville, KY 40206-1091
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0059269
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Total area
30,781 SF
Lot
2.69 ac (117,133 SF)
Zoning code
(M2)INDUSTRIAL OVERLAY
APN
14088M00340000
UPID
US34-0059269
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
-
Internetek Inc Building Supply Industrial Manufacturer
-
IKD Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.59M
Owner & transaction history
Loesch Real Estate LLC · 2 yrs held
Loesch Real Estate LLC
since 2024
5 recorded transactions
Zoning & alternative use
(M2)INDUSTRIAL OVERLAY · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+46.7%
Warehouse, storage
$2.3M
+41.7%
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
INDUSTRIAL (GENERAL)
$1,585,000
Current use
COMMERCIAL (GENERAL)
$2,330,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,250,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$51 / 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
$22,393
Tax year 2023
Assessed value
$1,668,630
Assessed 2023
Previous assessed
$1,668,630
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$233,600
Assessed improvement
$1,435,030
Land market value
$233,600
Improvement market value
$1,435,030
Total market value
$1,668,630
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Heating
YES
Cooling
YES
Stories
2
Total area
30,781 SF
Lot
2.69 ac (117,133 SF)
Zoning code
(M2)INDUSTRIAL OVERLAY
APN
14088M00340000
UPID
US34-0059269
Jurisdiction
JEFFERSON
Zoning & alternative use
(M2)INDUSTRIAL OVERLAY · Louisville, KY
Zoning (M2)INDUSTRIAL OVERLAY · permitted uses
(M2)INDUSTRIAL OVERLAY · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1981
Heating
YES
Cooling
Yes
Stories
2
Lot
2.69 ac
Current owner
From public records · entity-resolved
Loesch Real Estate LLC
Entity
Mailing address
2646 CENTRAL AVE, OCEAN CITY, NJ 08226-2432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2024
—
Loesch Real Estate LLC
—
Deed
related
$3,000,000 · Leonard A Loesch
Jun 25, 2024
$2,300,000
Loesch Real Estate LLC
Metal Service Commercial Properties
Special Warranty Deed
$3,000,000 · Leonard Loesch
May 11, 2020
—
Metal Svc Coml Prop
—
Deed
related
$1,135,000 · Miscellaneous Ins Co
—
—
Metal Service Commercial Props
—
Deed Of Trust
related
$1,105,000 · Ameritas Life Insurance Corp
—
—
Metal Svc Coml Prop
—
Deed Of Trust
related
$1,135,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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