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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Office buildings
4214 La Salle Ave Louisville, KY 40215-1116
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-2251161
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
11,509 SF
Lot
1.05 ac (45,738 SF)
Zoning code
OR2-OFFICE/RESIDENTIAL
APN
11067G02290000
UPID
US34-2251161
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
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.29M
Owner & transaction history
Green Arrow LLC · 4 yrs held
Green Arrow LLC
since 2021
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
OR2-OFFICE/RESIDENTIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+9.3%
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
$860,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,340,000
Current use
RETAIL STORES
$1,465,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.30M (Dec 22 2021)
Last sale anchor
$1.30M
Dec 22 2021
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
$17,446
Tax year 2023
Assessed value
$1,300,000
Assessed 2023
Previous assessed
$1,300,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$128,540
Assessed improvement
$1,171,460
Land market value
$128,540
Improvement market value
$1,171,460
Total market value
$1,300,000
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
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
1964
Heating
YES
Cooling
YES
Stories
1
Total area
11,509 SF
Lot
1.05 ac (45,738 SF)
Zoning code
OR2-OFFICE/RESIDENTIAL
APN
11067G02290000
UPID
US34-2251161
Jurisdiction
JEFFERSON
Zoning & alternative use
OR2-OFFICE/RESIDENTIAL · Louisville, KY
Zoning OR2-OFFICE/RESIDENTIAL · permitted uses
OR2-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
$1.3M
RETAIL STORES
Est. value
$1.5M
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
1964
Heating
YES
Cooling
Yes
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Green Arrow LLC
Entity
Mailing address
9750 ORMSBY STA RD STE #302, LOUISVILLE, KY 40223-4064
Ownership since
2021
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
Sep 7, 2022
—
Green Arrow LLC
—
Deed
related
$2,853,750 · Liberty Federal Credit Union
Dec 22, 2021
$1,300,000
Green Arrow LLC
Pomeroy Properties LLC
Special Warranty Deed
$1,080,000 · Evansville Teachers FCU
Mar 2, 2004
$36,000
Strobert Realty LLC
Czerkiewicz,edith
Grant Deed
—
—
—
Pomeroy Properties LLC
—
Deed Of Trust
related
$880,000 · Stock Yards Bk
—
—
Pomeroy Properties LLC
—
Deed Of Trust
related
$1,200,000 · Us Bank NA
—
—
Pomeroy Properties LLC
—
Loan Modification
related
$140,000 · Stock Yards Bank
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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