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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
3007 Sprowl Rd Jeffersontown, KY 40299-3620
Individually Owned
1-yr Hold
Free & Clear
Property ID
US34-2301492
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Total area
3,724 SF
Lot
0.52 ac (22,778 SF)
Zoning code
C1-COMMERCIAL
APN
22048800300000
UPID
US34-2301492
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
$490k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$555k
Owner & transaction history
Hoang Nguyen · 1 yrs held
Hoang Nguyen
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Jeffersontown, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$800,000
+103.3%
Auto repair, garage
$715,000
+81.0%
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
$445,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$395,000
Current use
RETAIL STORES
$800,000
Change: +103% · Conversion: Moderate
AUTO REPAIR, GARAGE
$715,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$355,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $600k (Mar 28 2022)
Last sale anchor
$600k
Mar 28 2022
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
$149 / 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
$4,955
Tax year 2023
Assessed value
$424,220
Assessed 2023
Previous assessed
$632,480
-32.9% YoY
Effective rate
1.17%
On assessed value
Assessed land
$150,530
Assessed improvement
$273,690
Land market value
$150,530
Improvement market value
$273,690
Total market value
$424,220
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
3,724 SF
Lot
0.52 ac (22,778 SF)
Zoning code
C1-COMMERCIAL
APN
22048800300000
UPID
US34-2301492
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Jeffersontown, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · 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
OFFICE BUILDING Current
Est. value
$395,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$355,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1956
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Hoang Nguyen
Individual
Free & Clear · 1 yrs held
Mailing address
3007 SPROWL RD, LOUISVILLE, KY 40299-3620
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
—
Hoang Nguyen
Hoang Nguyen
Deed
related
—
Dec 16, 2022
—
Simpson Holdings LLC
—
Deed
related
$240,000 · Eclipse Bank INC
Apr 4, 2022
$300,000
Simpson Holdings LLC
Vest & Vest LLC
Deed
—
Mar 28, 2022
$600,000
Casa Holdings LLC
Vest & Vest LLC
Warranty Deed
$480,000 · Republic Bank & Trust Co
Jun 2, 2017
—
Vest & Vest LLC
—
Deed
related
$600,000 · Pnc Bk
—
—
Vest & Vest LLC
—
Deed Of Trust
related
$999,999 · Pnc Bank
—
—
Vest Marketing Of Design INC
—
Deed Of Trust
related
$288,000 · Irwin Union Bank Fsb
—
—
Vest & Vest LLC
—
Loan Modification
related
$600,000 · Pnc Bk
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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