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Property profile & analytics
OFF-MARKET
Estimated value
$7,160,000
Commercial real estate
2950 Turkeyfoot Rd, Edgewood, KY 41017-5400
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US34-2375471
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
73,185 SF
Lot
4.44 ac (193,363 SF)
APN
015-40-13-029.05
UPID
US34-2375471
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
$8.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.23M
Blend (final)
Blend
$7.16M
Owner & transaction history
Edgewood Senior Living LLC · 2 yrs held
Edgewood Senior Living LLC
since 2023
Last sale
$7.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+78.7%
Office building
$9.0M
+66.7%
Retail stores
$6.5M
+20.1%
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 Edgewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewood 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
$8,335,000
ML approach
$8,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,390,000
Current use
RESTAURANT
$9,630,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$8,985,000
Change: +67% · Conversion: Easy
RETAIL STORES
$6,470,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,710,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,680,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$7.16M
Range $6.44M – $7.88M · ±10% · vs last sale $7.07M (Dec 5 2023)
Last sale anchor
$7.07M
Dec 5 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
$98 / 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
$62,020
Tax year 2023
Assessed value
$5,818,000
Assessed 2023
Previous assessed
$5,818,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,550,000
Assessed improvement
$4,268,000
Land market value
$1,550,000
Improvement market value
$4,268,000
Total market value
$5,818,000
Applied tax rate
57.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1999
Heating
NONE
Total area
73,185 SF
Lot
4.44 ac (193,363 SF)
APN
015-40-13-029.05
UPID
US34-2375471
Jurisdiction
KENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.4M
RESTAURANT
Est. value
$9.6M
OFFICE BUILDING
Est. value
$9.0M
RETAIL STORES
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
NONE
Lot
4.44 ac
Current owner
From public records · entity-resolved
Edgewood Senior Living LLC
Entity
Mailing address
509 SPG ST, JEFFERSONVILLE, IN 47130-3553
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
Dec 5, 2023
$7,073,720
Edgewood Senior Living LLC
S H Forty Nine Propco Edgewood LLC
Special Warranty Deed
$9,800,000 · Abound FCU
Jan 23, 2017
—
S-h Forty-nine Propco-edgewood
—
Deed
related
$229,320,000 · Grandbridge R/e Cap
—
—
S-h Forty-nine Propco-edgewood
—
Deed Of Trust
related
$229,320,000 · Grandbridge R/e Cap
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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