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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Showrooms
3700 Klondike Ln, Louisville, KY 40218-1713
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US34-0360718
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1992
Total area
7,300 SF
Lot
0.56 ac (24,263 SF)
Zoning code
C1-COMMERCIAL
APN
14091E00120000
UPID
US34-0360718
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
-
Lenny's Lounge Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Wpg Family Realty LLC · 1 yrs held
Wpg Family Realty LLC
since 2024
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+153.3%
Retail stores
$930,000
+68.3%
Office building
$850,000
+54.0%
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$550,000
Current use
AUTO REPAIR, GARAGE
$1,400,000
Change: +153% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +68% · Conversion: Easy
OFFICE BUILDING
$850,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Nov 22 2024)
Last sale anchor
$900k
Nov 22 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
$123 / 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
$5,044
Tax year 2023
Assessed value
$375,830
Assessed 2023
Previous assessed
$375,830
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$44,270
Assessed improvement
$331,560
Land market value
$44,270
Improvement market value
$331,560
Total market value
$375,830
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Stories
1
Total area
7,300 SF
Lot
0.56 ac (24,263 SF)
Zoning code
C1-COMMERCIAL
APN
14091E00120000
UPID
US34-0360718
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · 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
COMMERCIAL (GENERAL) Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$930,000
OFFICE BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1992
Heating
YES
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Wpg Family Realty LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$900,000
Wpg Family Realty LLC
Cfo Properties LLC
Warranty Deed
$720,000 · Stock Yards Bank & Trust Co
Aug 21, 2024
—
Cfo Properties LLC
—
Deed
related
$200,000 · Joe Burnett
Feb 6, 2024
—
Cfo Properties LLC
—
Deed
related
$90,000 · Stock Yards Bank & Trust Co
Aug 3, 2023
—
Cfo Properties LLC
—
Deed
related
$295,000 · Stock Yards Bank & Trust Co
Jun 8, 2023
—
Robin Conner
G Hunt Rounsavall JR
Affidavit
—
May 16, 2023
—
Cfo Properties LLC
Joel A Conner
Quit Claim Deed
related
—
Jun 8, 2006
—
Lendell Conner
—
Trustees Deed
related
$264,000 · Pbi Bank INC
Jun 10, 2004
—
Lendell Conner
—
Trustees Deed
related
$264,000 · Bullitt Cnty 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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