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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Showrooms
2424 Crittenden Dr, Louisville, KY 40217
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US34-0400305
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Total area
7,300 SF
Lot
0.29 ac (12,693 SF)
Zoning code
M1-INDUSTRIAL
APN
12056B00370000
UPID
US34-0400305
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
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
Brook Forest LLC · 1 yrs held
Brook Forest LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
M1-INDUSTRIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+191.5%
Auto repair, garage
$1.4M
+153.3%
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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,610,000
Change: +192% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,400,000
Change: +153% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Oct 11 2024)
Last sale anchor
$2.30M
Oct 11 2024
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
$315 / 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
$7,303
Tax year 2023
Assessed value
$544,150
Assessed 2023
Previous assessed
$289,630
+87.9% YoY
Effective rate
1.34%
On assessed value
Assessed land
$42,940
Assessed improvement
$501,210
Land market value
$42,940
Improvement market value
$501,210
Total market value
$544,150
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1984
Heating
YES
Cooling
NONE
Stories
1
Total area
7,300 SF
Lot
0.29 ac (12,693 SF)
Zoning code
M1-INDUSTRIAL
APN
12056B00370000
UPID
US34-0400305
Jurisdiction
JEFFERSON
Zoning & alternative use
M1-INDUSTRIAL · Louisville, KY
Zoning M1-INDUSTRIAL · permitted uses
M1-INDUSTRIAL · 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
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
AUTO REPAIR, GARAGE
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
1984
Heating
YES
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Brook Forest LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12468 LA GRANGE RD, LOUISVILLE, KY 40245-1901
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
—
Brook Forest LLC
Michele D Camp
Quitclaim Deed
related
—
Oct 11, 2024
$2,300,000
Thinksign Real Estate LLC
Brook Forest LLC
Warranty Deed
$1,840,000 · Stock Yards Bank & Trust Co
Sep 26, 2018
—
Head Bone LLC
—
Grant Deed
related
$3,000,000 · Stockyard Bk&tr
May 10, 2016
—
Head Bone LLC
—
Deed
related
$3,000,000 · Stockyard Bk&tr
Nov 26, 2014
—
Head Bone LLC
—
Trustees Deed
related
$1,000,000 · Stockyard Bk&tr
May 19, 2009
—
Head Bone LLC
—
Deed Of Trust
related
$1,500,000 · Stock Yards Bank
May 6, 2009
—
Head Bone LLC
Camp,henry F
Quit Claim Deed
related
—
Dec 23, 2008
—
Michele D Camp
Camp,henry F
Quit Claim Deed
related
—
—
—
Head Bone LLC
—
Deed Of Trust
related
$2,100,000 · Stockyard Bk&tr
—
—
Head Bone LLC
—
Deed Of Trust
related
$3,000,000 · Stockyard Bk&tr
—
—
Head Bone LLC
—
Deed Of Trust
related
$3,000,000 · Stockyard Bk&tr
—
—
Head Bone LLC
—
Deed Of Trust
related
$1,000,000 · Stock Yards Bank
—
—
Head Bone LLC
—
Loan Modification
related
$472,387 · Stock Yards Bk
—
—
Head Bone LLC
—
Deed Of Trust
related
$885,700 · Stockyard Bk&tr
—
—
Head Bone LLC
—
Deed Of Trust
related
$700,000 · Stockyard Bk&tr
—
—
Head Bone LLC
—
Deed Of Trust
related
$885,700 · Stockyard Bk&tr
—
—
Head Bone LLC
—
Deed Of Trust
related
$700,000 · Stockyard Bk&tr
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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