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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Commercial real estate
301 Middletown Park Pl Middletown, KY 40243-2515
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US34-2133602
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Total area
10,808 SF
Lot
2.19 ac (95,309 SF)
Zoning code
C2-COMMERCIAL
APN
21282200KD0000
UPID
US34-2133602
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$817k
Blend (final)
Blend
$675k
Owner & transaction history
Bac Metts LLC · 4 yrs held
Bac Metts LLC
since 2021
7 recorded transactions
Zoning & alternative use
C2-COMMERCIAL · Middletown, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$815,000
Current use
WAREHOUSE, STORAGE
$790,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
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
$62 / 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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1995
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Total area
10,808 SF
Lot
2.19 ac (95,309 SF)
Zoning code
C2-COMMERCIAL
APN
21282200KD0000
UPID
US34-2133602
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Middletown, KY
Zoning C2-COMMERCIAL · permitted uses
C2-COMMERCIAL · Middletown, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$790,000
COMMERCIAL (GENERAL) Current
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
1995
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
2.19 ac
Current owner
From public records · entity-resolved
Bac Metts LLC
Entity
Free & Clear · 4 yrs held
Mailing address
225 S HURSTBOURNE PKWY STE #103, LOUISVILLE, KY 40222-4929
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
$91,125
Bac Metts LLC
Double L LLC
Deed
—
Sep 2, 2021
$133,875
Bac Metts LLC
Ilt Enterprises
Deed
$168,750 · Commonwealth Bank & Trust Co
Jan 15, 2021
—
Scott A Welch
Welch Trust
Quitclaim Deed
related
—
Jan 13, 2021
—
Scott A Welch
Welch Trust
Quitclaim Deed
related
—
Apr 27, 2020
$76,500
Welch Builders INC
Welch Developers LLC
Warranty Deed
related
$356,628 · River Cty Bk
Sep 25, 2019
$76,500
Welch Builders INC
Welch Develors LLC
Warranty Deed
related
—
Oct 18, 2018
$443,900
Betty L Boone
Welch Builders INC
Warranty Deed
—
Jun 26, 2018
—
Welch Builders INC
—
Trust Deed
related
$805,139 · River Cty Bk
Nov 3, 2017
$153,000
Welch Builders INC
Welch Developers LLC
Warranty Deed
related
$753,922 · River Cty Bk
Oct 2, 2017
—
Welch Builders INC
Welch Developers LLC
Quitclaim Deed
related
—
Jun 2, 2017
$153,000
Welch Builders INC
Welch Developers LLC
Warranty Deed
related
$779,198 · River Cty Bk
Aug 30, 2016
$87,710
Itl Ents LLC
Bryant Investments LLC
Warranty Deed
—
Aug 30, 2016
$59,789
Double L LLC
Bryant Investments LLC
Warranty 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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