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Property profile & analytics
OFF-MARKET
Estimated value
$3,275,000
Commercial real estate
3508 Fern Lea Rd Shively, KY 40216-4276
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0249905
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Total area
25,312 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R6-RESIDENTIAL MULTI-FAMI
APN
25101504710471
UPID
US34-0249905
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
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$3.28M
Owner & transaction history
Richardson 52 LLC · 3 yrs held
Richardson 52 LLC
since 2022
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
R6-RESIDENTIAL MULTI-FAMI · Shively, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+153.3%
Office building
$3.0M
+54.0%
Retail stores
$2.2M
+12.4%
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 Shively submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shively 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
$3,440,000
ML approach
$3,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,850,000
Change: +153% · Conversion: Difficult
OFFICE BUILDING
$2,950,000
Change: +54% · Conversion: Easy
RETAIL STORES
$2,150,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±10% · vs last sale $3.22M (Sep 26 2022)
Last sale anchor
$3.22M
Sep 26 2022
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
$129 / 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
$22,275
Tax year 2023
Assessed value
$2,232,000
Assessed 2023
Previous assessed
$756,740
+194.9% YoY
Effective rate
1.00%
On assessed value
Assessed land
$144,000
Assessed improvement
$2,088,000
Land market value
$144,000
Improvement market value
$2,088,000
Total market value
$2,232,000
Applied tax rate
24.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1966
Heating
YES
Cooling
NONE
Stories
2
Total area
25,312 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R6-RESIDENTIAL MULTI-FAMI
APN
25101504710471
UPID
US34-0249905
Jurisdiction
JEFFERSON
Zoning & alternative use
R6-RESIDENTIAL MULTI-FAMI · Shively, KY
Zoning R6-RESIDENTIAL MULTI-FAMI · permitted uses
R6-RESIDENTIAL MULTI-FAMI · Shively, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shively. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.9M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.2M
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1966
Heating
YES
Cooling
Yes
Stories
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Richardson 52 LLC
Entity
Mailing address
379 GLENBROOK DR, ATLANTIS, FL 33462-1009
Ownership since
2022
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 26, 2022
$3,224,000
Richardson 52 LLC
Richardson Properties INC
Warranty Deed
$1,495,000 · Bankfinancial Fsb
—
—
Richardson Properties INC
—
Deed Of Trust
related
$177,047 · Commonwealth Bk
—
—
Richardson Properties INC
—
Deed Of Trust
related
$2,050,000 · First Harrison Bk
—
—
Richardson Properties INC
—
Deed Of Trust
related
$1,400,000 · Commonwealth 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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