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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Manufacturing properties
4200 Champions Trce Ln, Watterson Park, KY 40218-3023
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0289983
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Total area
28,000 SF
Lot
1.64 ac (71,395 SF)
Zoning code
M3-INDUSTRIAL
APN
23209700130000
UPID
US34-0289983
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
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$1.76M
Owner & transaction history
Scinta Properties LLC · 4 yrs held
Scinta Properties LLC
since 2022
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
M3-INDUSTRIAL · Watterson Park, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+46.7%
Warehouse, storage
$2.0M
+41.7%
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 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
$1,830,000
ML approach
$1,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,445,000
Current use
COMMERCIAL (GENERAL)
$2,115,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,045,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $1.71M (May 26 2022)
Last sale anchor
$1.71M
May 26 2022
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
$63 / 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
$20,190
Tax year 2023
Assessed value
$1,713,880
Assessed 2023
Previous assessed
$1,341,970
+27.7% YoY
Effective rate
1.18%
On assessed value
Assessed land
$278,150
Assessed improvement
$1,435,730
Land market value
$278,150
Improvement market value
$1,435,730
Total market value
$1,713,880
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
1974
Heating
YES
Cooling
NONE
Stories
1
Total area
28,000 SF
Lot
1.64 ac (71,395 SF)
Zoning code
M3-INDUSTRIAL
APN
23209700130000
UPID
US34-0289983
Jurisdiction
JEFFERSON
Zoning & alternative use
M3-INDUSTRIAL · Watterson Park, KY
Zoning M3-INDUSTRIAL · permitted uses
M3-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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
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
1974
Heating
YES
Cooling
Yes
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Scinta Properties LLC
Entity
Mailing address
2811 WOODS CLB RD, LOUISVILLE, KY 40241-6278
Ownership since
2022
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
May 26, 2022
$1,713,875
Scinta Properties LLC
Ill Investments LLC
Warranty Deed
$1,744,330 · The German American Bank
Apr 25, 2012
$1,175,000
Ill Investments LLC
Claw Realty Co LLC
Grant Deed
related
$587,500 · Bank Of Oldham County
Mar 29, 2012
—
Claw Realty Co LLC
—
Trustees Deed
related
$150,000 · Bbb Investments LLC
Jun 16, 2005
$1,000,000
Claw Realty Co LLC
American R/e Holdings
Grant Deed
$800,000 · Republic Bank & Trust
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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