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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Manufacturing properties
3900 Produce Rd, Watterson Park, KY 40218-3006
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US34-2358578
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1969
Total area
237,100 SF
Lot
13.86 ac (603,742 SF)
Zoning code
M2-INDUSTRIAL
APN
23061601300000
UPID
US34-2358578
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$3.87M
Owner & transaction history
Prempack Properties LLC · 20 yrs held
Prempack Properties LLC
since 2006
7 recorded transactions
Zoning & alternative use
M2-INDUSTRIAL · Watterson Park, 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 Watterson Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watterson Park 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
$3.87M
Range $3.48M – $4.26M · ±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
$16 / 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
$70,046
Tax year 2023
Assessed value
$5,946,220
Assessed 2023
Previous assessed
$5,946,220
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,510,440
Assessed improvement
$3,435,780
Land market value
$2,510,440
Improvement market value
$3,435,780
Total market value
$5,946,220
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1969
Heating
YES
Cooling
YES
Stories
1
Total area
237,100 SF
Lot
13.86 ac (603,742 SF)
Zoning code
M2-INDUSTRIAL
APN
23061601300000
UPID
US34-2358578
Jurisdiction
JEFFERSON
Zoning & alternative use
M2-INDUSTRIAL · Watterson Park, KY
Zoning M2-INDUSTRIAL · permitted uses
M2-INDUSTRIAL · Watterson Park, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watterson Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
YES
Cooling
Yes
Stories
1
Lot
13.86 ac
Current owner
From public records · entity-resolved
Prempack Properties LLC
Entity
Mailing address
3900 PRODUCE RD, LOUISVILLE, KY 40218-3006
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
—
Prempack Properties LLC
—
Deed
related
$23,070,744 · Wesbanco Bank INC
Dec 10, 2020
—
Prempack Properties LLC
—
Deed
related
$120,000,000 · Pnc Bk
Sep 10, 2020
—
Prempack Properties LLC
—
Deed
related
$100,000,000 · Pnc Bk
Jun 18, 2020
—
Prempack Properties LLC
—
Deed
related
$3,092,082 · Pnc Bk
Jan 16, 2020
—
Prempack Properties LLC
—
Deed
related
$70,000,000 · Pnc Bk
Nov 7, 2017
—
Prempack Properties LLC
—
Deed
related
$654,761 · Pnc Bk
Dec 13, 2016
—
Prempack Properties LLC
—
Deed
related
$1,750,000 · Pnc Bk
Jun 28, 2006
$4,000,000
Prempack Properties LLC
International Paper
Grant Deed
related
$4,000,000 · International Paper Co
—
—
Prempack Properties LLC
—
Deed Of Trust
related
$70,000,000 · Pnc Bk
—
—
Prempack Properties LLC
—
Deed Of Trust
related
$3,092,082 · Pnc Bk
—
—
Prempack Properties LLC
—
Deed Of Trust
related
$1,750,000 · Pnc Bk
—
—
Prempack Properties LLC
—
Loan Modification
related
$654,761 · Pnc Bk
—
—
Prempack Properties LLC
—
Loan Modification
related
$100,000,000 · Pnc Bk
—
—
Prempack Properties LLC
—
Loan Modification
related
$120,000,000 · 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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