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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Warehouses
3312 Gilmore Industrial Blvd Louisville, KY 40213-2173
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0021652
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
18,740 SF
Lot
1 ac (43,604 SF)
Zoning code
M2-INDUSTRIAL
APN
23216300070000
UPID
US34-0021652
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
-
Advanced Electrical Systems, Inc. Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.74M
Owner & transaction history
Jpd Investments LLC · 1 yrs held
Jpd Investments LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+59.5%
Commercial (general)
$1.4M
+3.6%
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%
$2,525,000
6.5%
$2,330,000
7%
$2,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,370,000
Current use
OFFICE BUILDING
$2,185,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,415,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±10% · vs last sale $2.14M (Oct 14 2024)
Last sale anchor
$2.14M
Oct 14 2024
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
$93 / 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
$12,431
Tax year 2023
Assessed value
$1,055,260
Assessed 2023
Previous assessed
$1,055,260
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$181,140
Assessed improvement
$874,120
Land market value
$181,140
Improvement market value
$874,120
Total market value
$1,055,260
Applied tax rate
15.0000
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
1990
Heating
YES
Cooling
NONE
Stories
2
Total area
18,740 SF
Lot
1 ac (43,604 SF)
Zoning code
M2-INDUSTRIAL
APN
23216300070000
UPID
US34-0021652
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1990
Heating
YES
Cooling
Yes
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
Jpd Investments LLC
Entity
Mailing address
435 LIGHTFOOT RD, LOUISVILLE, KY 40207-1853
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2025
$2,140,000
Jpd Investments LLC
Aes Holdings LLC
Special Warranty Deed
$1,720,000 · Stock Yards Bank & Trust Co
Jun 28, 2017
—
Aes Holdings LLC
—
Grant Deed
related
$6,500,000 · Stockyard Bk&tr
May 15, 2008
—
Aes Holdings LLC
—
Grant Deed
related
$3,000,000 · Stock Yards Bank
Sep 6, 2006
—
Aes Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Stock Yards Bank
Aug 25, 2005
—
Aes Holdings LLC
—
Grant Deed
related
$1,750,000 · Stock Yards Bank
—
—
Aes Holdings LLC
—
Loan Modification
related
$1,700,000 · Stock Yards Bank
—
—
Aes Holdings LLC
—
Deed Of Trust
related
$1,750,000 · Stockyard Bk&tr
—
—
Aes Holdings LLC
—
Loan Modification
related
$2,000,000 · Stockyard Bk&tr
—
—
Aes Holdings LLC
—
Loan Modification
related
$3,000,000 · Stock Yards Bk
—
—
Aes Holdings LLC
—
Loan Modification
related
$3,000,000 · Stock Yards Bank
—
—
Aes Holdings LLC
—
Loan Modification
related
$3,500,000 · Stockyard Bk&tr
—
—
Electrical Systems In Advanced
—
Loan Modification
related
$1,250,000 · Stock Yards Bank
—
—
Aes Holdings LLC
—
Deed Of Trust
related
$3,000,000 · Stockyard Bk&tr
—
—
Aes Holdings LLC
—
Deed Of Trust
related
$750,000 · Stock Yards Bank
—
—
Aes Holdings LLC
—
Loan Modification
related
$3,000,000 · 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.
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