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Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Warehouses
3101 Pond Sta Rd, Louisville, KY 40272-2984
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US34-0282351
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
2,400 SF
Lot
42.61 ac (1,856,092 SF)
Zoning code
M2-INDUSTRIAL
APN
24104908510000
UPID
US34-0282351
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
-
msxl Sports Field & Court Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.09M
Owner & transaction history
Idil Pond Station LLC · 5 yrs held
Idil Pond Station LLC
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
M2-INDUSTRIAL · Louisville, 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 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
$3,145,000
ML approach
$2,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±10% · vs last sale $3.15M (Jun 11 2021)
Last sale anchor
$3.15M
Jun 11 2021
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
$1,285 / 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
$368,278
Tax year 2023
Assessed value
$30,741,070
Assessed 2023
Previous assessed
$3,150,000
+875.9% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,150,000
Assessed improvement
$27,591,070
Land market value
$3,150,000
Improvement market value
$27,591,070
Total market value
$30,741,070
Applied tax rate
9.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
2,400 SF
Lot
42.61 ac (1,856,092 SF)
Zoning code
M2-INDUSTRIAL
APN
24104908510000
UPID
US34-0282351
Jurisdiction
JEFFERSON
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Zoning M2-INDUSTRIAL · permitted uses
M2-INDUSTRIAL · 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.
Building & site characteristics
From public records
Year built
2003
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
42.61 ac
Current owner
From public records · entity-resolved
Idil Pond Station LLC
Entity
Mailing address
1197 PEACHTREE ST NE STE #600, ATLANTA, GA 30361-3577
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
—
Idil Pond Station LLC
—
Deed
related
$187,500,000 · The Northwest Mutual Life Insurance
Jun 11, 2021
$315,000
Idil Pond Station LLC
Kenneth Schell
Special Warranty Deed
—
Jan 19, 2018
—
Kenneth E Schell
—
Deed
related
$795,000 · German American Bancorp
—
—
Kenneth E Schell
—
Deed Of Trust
related
$225,867 · Republic Bank & Trust
—
—
Kenneth E Schell
—
Deed Of Trust
related
$132,275 · Republic Bank & Trust
—
—
Kenneth E Schell
—
Deed Of Trust
related
$100,000 · Republic Bank & Trust
—
—
Schell,kenneth E & Linda G
—
Deed Of Trust
related
$618,102 · Mainsource Bk
—
—
Kenneth E Schell
—
Deed Of Trust
related
$795,000 · German American Bancorp
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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