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Property profile & analytics
OFF-MARKET
Turn key restaurants
2345 Frankfort Ave Louisville, KY 40206-2467
Entity Owned
Free & Clear
Property ID
US34-0223818
Property summary
AI-generated overview
This exceptional commercial property at 2345 Frankfort Avenue in Louisville, Kentucky, presents a unique investment opportunity. Located in the vibrant Frankfort Avenue Retail District, this mixed-use building offers 699,000 dollars asking price and is ideally suited for a variety of hospitality, retail, or special purpose uses. The property's zoning allows for QSR/Fast Food, Restaurant, and Storefront operations, providing flexibility for potential buyers. Its prime location within a bustling commercial district ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a strong presence in a thriving market. The property's address is 2345 Frankfort Ave, Louisville, KY 40206, situated in Jefferson County. Detailed financial information and property specifics are available upon request. This is a rare chance to acquire a well-positioned commercial property in a highly sought-after area of Louisville. The property's geographic coordinates are latitude 38.2536818 and longitude -85.7013122. Serious inquiries only.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Total area
1,458 SF
Lot
0.03 ac (1,429 SF)
Zoning code
C2-COMMERCIAL
APN
05072B00600000
UPID
US34-0223818
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
S & S Ventures LLC
S & S Ventures LLC
since 2025
Last sale
$555,000
7 recorded transactions
Zoning & alternative use
C2-COMMERCIAL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,040
Tax year 2023
Assessed value
$152,000
Assessed 2023
Previous assessed
$152,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$28,540
Assessed improvement
$123,460
Land market value
$28,540
Improvement market value
$123,460
Total market value
$152,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1950
Heating
YES
Cooling
YES
Stories
2
Total area
1,458 SF
Lot
0.03 ac (1,429 SF)
Zoning code
C2-COMMERCIAL
APN
05072B00600000
UPID
US34-0223818
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Zoning C2-COMMERCIAL · permitted uses
C2-COMMERCIAL · 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
1950
Heating
YES
Cooling
Yes
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
S & S Ventures LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2345 FRANKFORT AVE, LOUISVILLE, KY 40206-2467
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
$555,000
S & S Ventures LLC
Optimus Mundo LLC
Deed
—
Sep 24, 2021
—
Optimus Mundo LLC
—
Deed
related
—
Jan 11, 2011
—
Jerrold R Perchik
—
Deed Of Trust
related
$1,300,000 · Republic Bank & Trust
May 21, 2009
—
Jerrold R Perchik
—
Trustees Deed
related
$305,000 · Republic Bank & Trust
Mar 15, 2005
—
Jerrold R Perchik
—
Trustees Deed
related
$310,000 · Republic Bank & Trust
—
—
Jerrold R Perchik
—
Deed Of Trust
related
$255,000 · Republic Bank & Trust
—
—
Jerrold R Perchik
—
Deed Of Trust
related
$270,000 · Republic Bank & Trust
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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