New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,845,000
Showrooms
2055 Nelson Miller Pkwy, Louisville, KY 40223-2185
Individually Owned
1-yr Hold
Free & Clear
Property ID
US34-2392085
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Total area
81,925 SF
Lot
10.74 ac (467,965 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
21277500480000
UPID
US34-2392085
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
-
A. Thomas Meats Big Box & Wholesale Store Food Market
-
Butchery Fresh Take-out & Catering Butcher
-
Feed the Party Marketing & Advertising IT Consulting Firm
-
What Chefs Want! Big Box & Wholesale Store Food Market
-
Creations Garden (What Chefs Want) Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.19M
Blend (final)
Blend
$7.85M
Owner & transaction history
Platfortms Industrical Nelson Mille · 1 yrs held
Platfortms Industrical Nelson Mille
since 2025
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.8M
+91.0%
Retail stores
$10.4M
+68.3%
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
$7,065,000
ML approach
$7,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,195,000
Current use
OFFICE BUILDING
$11,835,000
Change: +91% · Conversion: Easy
RETAIL STORES
$10,425,000
Change: +68% · Conversion: Easy
WAREHOUSE, STORAGE
$5,980,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$7.85M
Range $7.06M – $8.63M · ±10% · vs last sale $8.50M (Aug 16 2023)
Last sale anchor
$8.50M
Aug 16 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
$96 / 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
$95,372
Tax year 2023
Assessed value
$8,235,920
Assessed 2023
Previous assessed
$8,235,920
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,777,450
Assessed improvement
$4,458,470
Land market value
$3,777,450
Improvement market value
$4,458,470
Total market value
$8,235,920
Applied tax rate
20.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Heating
YES
Cooling
YES
Stories
2
Total area
81,925 SF
Lot
10.74 ac (467,965 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
21277500480000
UPID
US34-2392085
Jurisdiction
JEFFERSON
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Louisville, KY
Zoning PEC-PLANNED EMPLOYMENT CE · permitted uses
PEC-PLANNED EMPLOYMENT CE · 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
COMMERCIAL (GENERAL) Current
Est. value
$6.2M
OFFICE BUILDING
Est. value
$11.8M
RETAIL STORES
Est. value
$10.4M
WAREHOUSE, STORAGE
Est. value
$6.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1995
Heating
YES
Cooling
Yes
Stories
2
Lot
10.74 ac
Current owner
From public records · entity-resolved
Platfortms Industrical Nelson Mille
Individual
Free & Clear · 1 yrs held
Mailing address
2055 NELSON MILLER PKWY, LOUISVILLE, KY 40223-2185
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 2, 2025
$13,000,000
Platfortms Industrical Nelson Mille
2055 Nelson Miller Partners LLC
Special Warranty Deed
—
Jan 12, 2007
—
Thomas Dev Co LLC
—
Trustees Deed
related
$1,310,000 · Your Community Bank
—
—
Thomas Dev Co LLC
—
Deed Of Trust
related
$832,052 · Your Community Bank
—
—
Thomas Dev Co LLC
—
Deed Of Trust
related
$750,000 · National City Bank Kentucky
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2055 Nelson Miller Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
