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Property profile & analytics
OFF-MARKET
Estimated value
$8,245,000
Manufacturing properties
4004 Collins Ln, Louisville, KY 40245-1644
Entity Owned
11-yr Hold
Free & Clear
Property ID
US34-0284175
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1977
Total area
106,262 SF
Lot
13.07 ac (569,242 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
21001403050000
UPID
US34-0284175
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
-
Deco Paper Products Distribution Center
-
Amscan Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.20M
Comparable Approach
Comparable
$8.06M
Blend (final)
Blend
$8.25M
Owner & transaction history
Boland-maloney Realty Co · 11 yrs held
Boland-maloney Realty Co
since 2015
7 recorded transactions
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.5M
+146.9%
Office building
$12.4M
+126.0%
Commercial (general)
$8.0M
+46.7%
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%
$12,125,000
6.5%
$11,195,000
7%
$10,395,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,475,000
Current use
RETAIL STORES
$13,520,000
Change: +147% · Conversion: Moderate
OFFICE BUILDING
$12,375,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,035,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,760,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$8.25M
Range $7.42M – $9.07M · ±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
$78 / 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
$93,270
Tax year 2023
Assessed value
$8,054,420
Assessed 2023
Previous assessed
$6,813,963
+18.2% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,276,980
Assessed improvement
$5,777,440
Land market value
$2,276,980
Improvement market value
$5,777,440
Total market value
$8,054,420
Applied tax rate
20.0000
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
1977
Heating
YES
Cooling
YES
Stories
2
Total area
106,262 SF
Lot
13.07 ac (569,242 SF)
Zoning code
PEC-PLANNED EMPLOYMENT CE
APN
21001403050000
UPID
US34-0284175
Jurisdiction
JEFFERSON
Zoning & alternative use
PEC-PLANNED EMPLOYMENT CE · Louisville, KY
Zoning PEC-PLANNED EMPLOYMENT CE · permitted uses
PEC-PLANNED EMPLOYMENT CE · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.5M
RETAIL STORES
Est. value
$13.5M
OFFICE BUILDING
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$8.0M
WAREHOUSE, STORAGE
Est. value
$7.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1977
Heating
YES
Cooling
Yes
Stories
2
Lot
13.07 ac
Current owner
From public records · entity-resolved
Boland-maloney Realty Co
Entity
Free & Clear · 11 yrs held
Mailing address
297 N HUBBARDS LN STE #103, LOUISVILLE, KY 40207-2374
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2016
—
Boland-maloney Realty Co
—
Deed
related
$3,000,000 · First Cap Bk/ky
Jul 7, 2016
—
Boland-maloney Realty Co
—
Deed
related
$3,000,000 · First Cap Bk/ky
Jan 27, 2015
—
Boland-maloney Realty Co
Boland-maloney Realty Co
Quit Claim Deed
related
—
Jul 25, 2014
—
Boland-maloney Realty Co
—
Trustees Deed
related
$1,000,000 · First Cap Bk/ky
Apr 18, 2013
—
Boland-maloney Realty Co
—
Deed Of Trust
related
$2,000,000 · First Capital Bank Ky
Dec 7, 2006
—
Amscan INC
Boland-maloney Realty
Grant Deed
related
$810,000,000 · General Electric Capital Corp
—
—
Boland-maloney Realty Co
—
Deed Of Trust
related
$1,500,000 · First Capital Bank Ky
—
—
Boland-maloney Realty Co
—
Loan Modification
related
$3,000,000 · First Cap Bk/ky
—
—
Boland-maloney Realty Co
—
Loan Modification
related
$3,000,000 · First Cap Bk/ky
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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