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Property profile & analytics
FOR SALE
Office buildings
307 W Muhammad Ali Blvd Louisville, KY 40202
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0046959
For Sale
1 / 7
$2,200,000
307 W Muhammad Ali Blvd, Louisville, KY 40202
View Listing →
Property summary
AI-generated overview
This 1,358 square foot warehouse is ideally situated near the intersection of 441, providing convenient access to both Fort Lauderdale-Hollywood International Airport and Miami International Airport. The single-tenant space features a sizable warehouse area, complemented by a comfortable air-conditioned office and restroom. Additional storage is available via a mezzanine level. The property includes three assigned parking spaces directly in front of the unit, offering ample convenience. Security is ensured with a 24/7 gated access system. Water and trash removal services are included in the lease. The zoning classification is 6400. The APN is 34-11-36-061-0200. Please note that this property is subject to approval by the homeowner's association prior to occupancy. Mechanic businesses are not permitted. This is a fantastic opportunity for a business seeking a well-maintained, conveniently located warehouse space. The total building suites are one.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
30,642 SF
Lot
0.28 ac (11,979 SF)
Zoning code
C3-CENTRAL BUSINESS
APN
03014K00540000
UPID
US34-0046959
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
-
BCH Agency Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$2.94M
Owner & transaction history
Bch Properties LLC · 3 yrs held
Bch Properties LLC
since 2023
3 recorded transactions
Zoning & alternative use
C3-CENTRAL BUSINESS · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+23.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,150,000
Current use
RETAIL STORES
$3,900,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±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
$96 / 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
$49,786
Tax year 2023
Assessed value
$3,493,530
Assessed 2023
Previous assessed
$2,565,800
+36.2% YoY
Effective rate
1.43%
On assessed value
Assessed land
$867,160
Assessed improvement
$2,626,370
Land market value
$867,160
Improvement market value
$2,626,370
Total market value
$3,493,530
Applied tax rate
23.0000
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
For Sale
Year built
1910
Heating
YES
Cooling
NONE
Stories
3
Total area
30,642 SF
Lot
0.28 ac (11,979 SF)
Zoning code
C3-CENTRAL BUSINESS
APN
03014K00540000
UPID
US34-0046959
Jurisdiction
JEFFERSON
Zoning & alternative use
C3-CENTRAL BUSINESS · Louisville, KY
Zoning C3-CENTRAL BUSINESS · permitted uses
C3-CENTRAL BUSINESS · 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
OFFICE BUILDING Current
Est. value
$3.2M
RETAIL STORES
Est. value
$3.9M
OFFICE BUILDING Current
RETAIL STORES
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
1910
Heating
YES
Cooling
Yes
Stories
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Bch Properties LLC
Entity
Mailing address
307 W MUHAMMAD ALI BLVD, LOUISVILLE, KY 40202-2505
Mailing matches property
Yes
Owner-occupied
Yes
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
May 17, 2023
—
Bch Properties LLC
—
Deed
related
$1,740,000 · Republic Bank & Trust Co
Dec 4, 2019
—
Bch Properties LLC
—
Trustees Deed
related
$270,000 · Republic Bk&tr
May 23, 2017
—
Bch Properties LLC
—
Trustees Deed
related
$250,000 · Republic Bk&tr
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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