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Property profile & analytics
FOR LEASE
Office buildings
312 Whittington Pkwy Hurstbourne, KY 40222
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US34-0289048
For Lease
$16.50 SF/Yr
312 Whittington Pkwy, Hurstbourne, KY 40222
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
39,372 SF
Lot
2.26 ac (98,489 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
221877005D0000
UPID
US34-0289048
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
$4.35M
Blend (final)
Blend
$3.78M
Owner & transaction history
Hurstbourne Office Park LLC · 12 yrs held
Hurstbourne Office Park LLC
since 2014
4 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Hurstbourne, 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 Hurstbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hurstbourne 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
Blend value · Realmo final
$3.78M
Range $3.40M – $4.16M · ±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
$19,159
Tax year 2023
Assessed value
$1,668,900
Assessed 2023
Previous assessed
$3,337,790
-50.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$599,630
Assessed improvement
$1,069,270
Land market value
$599,630
Improvement market value
$1,069,270
Total market value
$1,668,900
Applied tax rate
26.0000
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 Lease
Year built
1992
Heating
YES
Cooling
NONE
Stories
3
Total area
39,372 SF
Lot
2.26 ac (98,489 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
221877005D0000
UPID
US34-0289048
Jurisdiction
JEFFERSON
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Hurstbourne, KYZoning OR3-OFFICE/RESIDENTIAL · permitted uses
OR3-OFFICE/RESIDENTIAL · Hurstbourne, KY
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
1992
Heating
YES
Cooling
Yes
Stories
3
Lot
2.26 ac
Current owner
From public records · entity-resolved
Hurstbourne Office Park LLC
Entity
Mailing address
2650 TECHNOLOGY DR, LOUISVILLE, KY 40299-6424
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
Hurstbourne Office Park LLC
—
Deed
related
$1,740,000 · First National Bank
Aug 8, 2014
—
Hurstbourne Office Park LLC
—
Grant Deed
related
$8,900,000 · Starwood Mtg Cap
Jun 25, 2014
—
Hurstbourne Office Park LLC
Cogan,kevin D & Antoinette C
Quit Claim Deed
related
—
—
—
Hurstbourne Busn Park Ptshp
—
Deed Of Trust
related
$688,000 · Stock Yards Bank
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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