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Property profile & analytics
OFF-MARKET
Office Spaces
303 Middletown Park Pl Middletown, KY 40243-2516
Entity Owned
~
Est. High Equity
Property ID
US34-2353862
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1997
Lot
0.02 ac (860 SF)
APN
21282200KD303E
UPID
US34-2353862
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Crm Real Estate LLC
Crm Real Estate LLC
since 2026
Last sale
$207,800
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,305
Tax year 2023
Assessed value
$112,660
Assessed 2023
Previous assessed
$112,660
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed improvement
$112,660
Improvement market value
$112,660
Total market value
$112,660
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1997
Heating
NONE
Lot
0.02 ac (860 SF)
APN
21282200KD303E
UPID
US34-2353862
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Crm Real Estate LLC
Entity
Mailing address
1504 COWDREY PARK LN, LOUISVILLE, KY 40245-4470
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2026
$136,500
Crm Real Estate LLC
Jeco Enterprises LLC
Warranty Deed
$109,200 · L And N Federal Credit Union
Sep 1, 2023
$207,800
Ad Partners LLC
Dennis Darling
Warranty Deed
—
Sep 1, 2023
—
Ad Partners LLC
—
Deed
related
$164,000 · Stock Yards Bank & Trust Co
Aug 1, 2022
—
303 Middletown Park Pl Unit D LLP
—
Deed
related
$96,900 · Park Community FCU
Jan 26, 2022
$115,000
Maja Cupac
Double L LLC
Warranty Deed
—
Nov 12, 2021
$127,500
303 Middletown Park Pl Unit D LLP
Ack Commerical Management LLC
Warranty Deed
—
Jun 3, 2021
$112,500
Ack Commercial Management LLC
Double L LLC
Deed
—
May 27, 2016
$175,000
Double L LLC
Britton,bart A & Mary L
Warranty Deed
$135,000 · Commonwealth Bk
Apr 12, 2004
—
Jack W Smith
—
Trustees Deed
related
$100,000 · Commonwealth Bank
—
—
Jeco Ents LLC
—
Deed Of Trust
related
$76,154 · Branch Banking & Trust Co
—
—
Jeco Ents LLC
—
Deed Of Trust
related
$50,000 · Branch Banking & Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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