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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Showrooms
2903 English Sta Rd, Louisville, KY 40299-4853
Entity Owned
1-yr Hold
Free & Clear
Property ID
US34-2369210
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2001
Total area
18,700 SF
Lot
10 ac (435,600 SF)
Zoning code
(M2)INDUSTRIAL OVERLAY
APN
22004101580000
UPID
US34-2369210
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
-
Charlie's Kids (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Pegasus Transportation Trucking Company
-
CRST Louisville Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.40M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$3.06M
Owner & transaction history
2903 English Station LLC · 1 yrs held
2903 English Station LLC
since 2025
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
(M2)INDUSTRIAL OVERLAY · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+132.7%
Retail stores
$4.0M
+127.0%
Auto repair, garage
$3.6M
+102.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,680,000
6.5%
$3,400,000
7%
$3,155,000
Alternative Use
Use
Estimation
RESTAURANT
$4,120,000
Change: +133% · Conversion: Difficult
RETAIL STORES
$4,020,000
Change: +127% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,580,000
Change: +102% · Conversion: Difficult
OFFICE BUILDING
$1,980,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10% · vs last sale $3.25M (Nov 3 2024)
Last sale anchor
$3.25M
Nov 3 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
$164 / 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
$25,684
Tax year 2023
Assessed value
$2,217,940
Assessed 2023
Previous assessed
$2,217,940
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$1,217,940
Land market value
$1,000,000
Improvement market value
$1,217,940
Total market value
$2,217,940
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
2001
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
18,700 SF
Lot
10 ac (435,600 SF)
Zoning code
(M2)INDUSTRIAL OVERLAY
APN
22004101580000
UPID
US34-2369210
Jurisdiction
JEFFERSON
Zoning & alternative use
(M2)INDUSTRIAL OVERLAY · Louisville, KY
Zoning (M2)INDUSTRIAL OVERLAY · permitted uses
(M2)INDUSTRIAL OVERLAY · 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
$4.1M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2001
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
10 ac
Current owner
From public records · entity-resolved
2903 English Station LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3930 16TH AVE SW, CEDAR RAPIDS, IA 52404-2332
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
$3,250,000
2903 English Station LLC
Cedar Real Estate Group LP
Special Warranty Deed
—
Dec 27, 2018
$3,100,000
Cedar Real Estate Group LLP
Pegasus Real Estate LLC
Quit Claim Deed
related
—
—
—
Pegasus Real Estate LLC
—
Deed Of Trust
related
$1,750,000 · Your Community Bank
—
—
Pegasus Real Estate LLC
—
Deed Of Trust
related
$1,487,500 · Your Community Bank
—
—
Pegasus Real Estate LLC
—
Loan Modification
related
$2,000,000 · Stock Yards Bank
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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