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Property profile & analytics
OFF-MARKET
Estimated value
$3,180,000
Auto shops
355 Farmington Ave Louisville, KY 40209-1832
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0335758
Property summary
AI-generated overview
This exceptional 29,419-square-foot industrial warehouse in Louisville, KY, sits on 8.97 acres of fenced, lighted, and gated land. The property boasts a 1,920-square-foot office area, ceiling heights ranging from 15'7" to 20', and twenty drive-in doors (nineteen 12' x 14' and one 25'8" x 14'). Maintenance bays are also included. The warehouse features T-8 lighting, a wet sprinkler system, 240-volt, 3-phase power, and natural gas heat. Its strategic location near the Louisville airport and UPS Worldport provides unparalleled accessibility. The property is zoned EZ-1 - Enterprise Zone District and offers convenient access to I-65 and I-264. Its proximity to numerous sports and entertainment venues adds to its versatility. This well-maintained facility presents a rare opportunity for businesses seeking a high-quality space in a desirable location. The property includes a single, one-story building.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Total area
29,068 SF
Lot
8.7 ac (378,972 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
12056C00540000
UPID
US34-0335758
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
-
FleetPride Service Center Auto Repair Shop
-
NATIONWIDE TRUCK SERVICE Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$3.18M
Owner & transaction history
Whip-mix Corp · 8 yrs held
Whip-mix Corp
since 2017
4 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.18M
Range $2.86M – $3.50M · ±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
$109 / 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
$42,898
Tax year 2023
Assessed value
$3,196,560
Assessed 2023
Previous assessed
$1,883,610
+69.7% YoY
Effective rate
1.34%
On assessed value
Assessed land
$2,243,030
Assessed improvement
$953,530
Land market value
$2,243,030
Improvement market value
$953,530
Total market value
$3,196,560
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 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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1969
Heating
YES
Cooling
YES
Stories
1
Total area
29,068 SF
Lot
8.7 ac (378,972 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
12056C00540000
UPID
US34-0335758
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Zoning EZ1-ENTERPRISE ZONE · permitted uses
EZ1-ENTERPRISE ZONE · 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
1969
Heating
YES
Cooling
Yes
Stories
1
Lot
8.7 ac
Current owner
From public records · entity-resolved
Whip-mix Corp
Entity
Mailing address
361 FARMINGTON AVE, LOUISVILLE, KY 40209-1832
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2017
—
Whip-mix Corp
—
Deed
related
$1,500,000 · Pnc Bk
Dec 17, 2010
—
Whip Mix Corp
—
Loan Modification
related
$16,500,000 · Pnc Bank
Feb 24, 2010
—
Whip Mix Corp
—
Loan Modification
related
$6,500,000 · Pnc Bank
—
—
Whip-mix Corp
—
Deed Of Trust
related
$1,500,000 · Pnc Bk
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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