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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Hotels
311 4th St Louisville, KY 40202-3001
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US34-0399101
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1978
Construction
TILT-UP CONCRETE
Total area
34,067 SF
Lot
0.84 ac (36,752 SF)
Zoning code
C3-CENTRAL BUSINESS
APN
03014K01510000
UPID
US34-0399101
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
-
Encore Rental Equipment Company Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.64M
Owner & transaction history
Pigs Grande Louisville Hr LLC · 9 yrs held
Pigs Grande Louisville Hr LLC
since 2017
1 recorded transaction
Zoning & alternative use
C3-CENTRAL BUSINESS · 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
by Request
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$2,135,000
6.5%
$1,970,000
7%
$1,830,000
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$48 / 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
$421,096
Tax year 2023
Assessed value
$29,548,540
Assessed 2023
Previous assessed
$23,580,000
+25.3% YoY
Effective rate
1.43%
On assessed value
Assessed land
$1,772,910
Assessed improvement
$27,775,630
Land market value
$1,772,910
Improvement market value
$27,775,630
Total market value
$29,548,540
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1978
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Total area
34,067 SF
Lot
0.84 ac (36,752 SF)
Zoning code
C3-CENTRAL BUSINESS
APN
03014K01510000
UPID
US34-0399101
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.
Building & site characteristics
From public records
Year built
1978
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
0.84 ac
Current owner
From public records · entity-resolved
Pigs Grande Louisville Hr LLC
Entity
Mailing address
50 APPLIED BANK BLVD, GLEN MILLS, PA 19342-1091
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2017
$49,983,000
Pigs Grande Louisville Hr LLC
Lhr-partners Ltd
Grant Deed
$38,540,000 · Deutsche Bk Ag/ny Branch
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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