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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Office buildings
3703 Taylorsville Rd, Louisville, KY 40220-1354
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US34-2243469
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
20,444 SF
Lot
1.13 ac (49,092 SF)
Zoning code
OR1-OFFICE/RESIDENTIAL
APN
14082C00110019
UPID
US34-2243469
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
-
Stephania Clark Physician Medical Clinic
-
Committed Ink & Design Tattoo & Piercing Shop
-
Sullivan John P MD Physician Medical Clinic
-
Dr. Elizabeth Swabek Physician Medical Clinic
-
Dr. Kelly Borgman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.29M
Owner & transaction history
Fishman Building LP · 13 yrs held
Fishman Building LP
since 2013
6 recorded transactions
Zoning & alternative use
OR1-OFFICE/RESIDENTIAL · 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,690,000
Current use
RETAIL STORES
$2,600,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±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
$112 / 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
$19,186
Tax year 2023
Assessed value
$1,429,690
Assessed 2023
Previous assessed
$1,429,690
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$394,520
Assessed improvement
$1,035,170
Land market value
$394,520
Improvement market value
$1,035,170
Total market value
$1,429,690
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Heating
YES
Cooling
YES
Stories
2
Total area
20,444 SF
Lot
1.13 ac (49,092 SF)
Zoning code
OR1-OFFICE/RESIDENTIAL
APN
14082C00110019
UPID
US34-2243469
Jurisdiction
JEFFERSON
Zoning & alternative use
OR1-OFFICE/RESIDENTIAL · Louisville, KY
Zoning OR1-OFFICE/RESIDENTIAL · permitted uses
OR1-OFFICE/RESIDENTIAL · 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
OFFICE BUILDING Current
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
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
1971
Heating
YES
Cooling
Yes
Stories
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Fishman Building LP
Entity
Mailing address
3703 TAYLORSVILLE RD STE #120, LOUISVILLE, KY 40220-1330
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2018
—
Fishman Building LP
—
Deed
related
$841,000 · South Ctrl Bk
May 2, 2013
—
Fishman Building LP
Fishman,phillip A & Peggy H
Quit Claim Deed
related
$1,053,082 · First Capital Bank Ky
Aug 5, 2008
$1,100,000
Phillip A Fishman
Macdee INC
Grant Deed
related
$935,000 · First Capital Bank Ky
—
—
Phillip A Fishman
—
Deed Of Trust
related
$200,000 · First Capital Bank Ky
—
—
Phillip A Fishman
—
Deed Of Trust
related
$300,000 · First Capital Bank Ky
—
—
Fishman Building LP
—
Deed Of Trust
related
$841,000 · South Ctrl 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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