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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Showrooms
2540 Ridgemar Ct Jeffersontown, KY 40299-3877
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US34-0250225
Property summary
AI-generated overview
This exceptional office opportunity is located within the desirable Bluegrass Industrial Park. The property features a single, two-story Class B building constructed in 1992, offering multiple tenancy options. Three suites are currently available, ranging from 500 to 1,760 square feet, providing flexibility for various business needs. The largest suite, Suite 101 (1,760 sq ft), boasts separate men's and women's restrooms, front and private back entrances, four individual offices, a dedicated breakroom, and a storage room. Two additional suites, Suite 202 (1,452 sq ft) and Suite 204 (500 sq ft), are also available. Suite 202 features two private offices, a large open area ideal for cubicles, and shares a breakroom and restrooms with another upstairs tenant. Suite 204 offers two offices and shares a breakroom and restrooms with another upstairs tenant. The property is zoned PEC. A significant advantage is that common area maintenance (CAM) is included in the base rent. The owner strongly prefers leasing Suites 202 and 204 together. This presents a unique opportunity to secure well-appointed office space in a convenient and established business park. Contact us today to schedule a viewing and discuss your business needs.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1992
Total area
11,664 SF
Lot
2.57 ac (111,819 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22252100030000
UPID
US34-0250225
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Axis Investments LLC · 5 yrs held
Axis Investments LLC
since 2021
Last sale
$740,000
2 recorded transactions
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+11.7%
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 Jeffersontown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jeffersontown 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
$765,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,105,000
Current use
OFFICE BUILDING
$1,235,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,010,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $740k (Jul 16 2021)
Last sale anchor
$740k
Jul 16 2021
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
$65 / 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
$8,643
Tax year 2023
Assessed value
$740,000
Assessed 2023
Previous assessed
$740,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$509,880
Assessed improvement
$230,120
Land market value
$509,880
Improvement market value
$230,120
Total market value
$740,000
Applied tax rate
1.0000
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
1992
Heating
YES
Cooling
YES
Stories
2
Total area
11,664 SF
Lot
2.57 ac (111,819 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
22252100030000
UPID
US34-0250225
Jurisdiction
JEFFERSON
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Zoning PEC-PLANNED EMPLOYMENT CE · permitted uses
PEC-PLANNED EMPLOYMENT CE · Jeffersontown, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jeffersontown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1992
Heating
YES
Cooling
Yes
Stories
2
Lot
2.57 ac
Current owner
From public records · entity-resolved
Axis Investments LLC
Entity
Mailing address
PO BOX 436708, LOUISVILLE, KY 40253-6708
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
$740,000
Axis Investments LLC
S & P Of Kentucky LLC
Warranty Deed
$536,000 · Evansville Teachers FCU
Feb 14, 2017
$475,000
Fitz Anthony LLC
Akins James G SR
Grant Deed
—
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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