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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Commercial real estate
225 42nd St Louisville, KY 40212-2580
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0253483
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1915
Total area
52,856 SF
Lot
1.61 ac (70,306 SF)
Zoning code
R7-RESIDENTIAL MULTI-FAMI
APN
01008B00800000
UPID
US34-0253483
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
-
Shawnee Gardens Apartments (Turner Realty Management) Property Management Company Apartment Building
-
None Charitable Organization Social Service Agency
-
Presidential Clothing Company Clothing Store
-
Realty M Apt Mg Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
Limb Louisville LLC · 3 yrs held
Limb Louisville LLC
since 2023
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
R7-RESIDENTIAL MULTI-FAMI · 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
$830,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $1.00M (Jan 6 2023)
Last sale anchor
$1.00M
Jan 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
$18 / 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
$14,039
Tax year 2023
Assessed value
$1,046,120
Assessed 2023
Previous assessed
$255,890
+308.8% YoY
Effective rate
1.34%
On assessed value
Assessed land
$60,000
Assessed improvement
$986,120
Land market value
$60,000
Improvement market value
$986,120
Total market value
$1,046,120
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1915
Heating
YES
Cooling
YES
Stories
3
Total area
52,856 SF
Lot
1.61 ac (70,306 SF)
Zoning code
R7-RESIDENTIAL MULTI-FAMI
APN
01008B00800000
UPID
US34-0253483
Jurisdiction
JEFFERSON
Zoning & alternative use
R7-RESIDENTIAL MULTI-FAMI · Louisville, KY
Zoning R7-RESIDENTIAL MULTI-FAMI · permitted uses
R7-RESIDENTIAL MULTI-FAMI · 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.
Building & site characteristics
From public records
Year built
1915
Heating
YES
Cooling
Yes
Stories
3
Lot
1.61 ac
Current owner
From public records · entity-resolved
Limb Louisville LLC
Entity
Mailing address
830 S ERIE HWY STE A, HAMILTON, OH 45011-3951
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
$1,001,000
Limb Louisville LLC
Shawnee Gardens Apartments Ltd
Warranty Deed
$2,103,750 · General Electric Cu
Jun 10, 2022
—
Jetz Service Co INC
Shawnee Gardens Apartments Ltd
Lease
—
—
—
Stephen Foster Senior Apartmen
—
Loan Modification
related
$787,385 · 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.
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