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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Showrooms
4220 Trio Ave, Louisville, KY 40219-4315
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US34-2263306
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1968
Total area
5,295 SF
Lot
2.21 ac (96,137 SF)
Zoning code
OR1-OFFICE/RESIDENTIAL
APN
23065100520000
UPID
US34-2263306
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
-
MAIN STREET KIDS ACADEMY Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$535k
Owner & transaction history
Owen Realty LLC · 18 yrs held
Owen Realty LLC
since 2008
7 recorded transactions
Zoning & alternative use
OR1-OFFICE/RESIDENTIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$615,000
+54.0%
Retail stores
$525,000
+30.6%
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
COMMERCIAL (GENERAL)
$400,000
Current use
OFFICE BUILDING
$615,000
Change: +54% · Conversion: Easy
RETAIL STORES
$525,000
Change: +31% · Conversion: Easy
WAREHOUSE, STORAGE
$385,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$101 / 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
$4,322
Tax year 2023
Assessed value
$370,000
Assessed 2023
Previous assessed
$365,000
+1.4% YoY
Effective rate
1.17%
On assessed value
Assessed land
$148,830
Assessed improvement
$221,170
Land market value
$148,830
Improvement market value
$221,170
Total market value
$370,000
Applied tax rate
6.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1968
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
5,295 SF
Lot
2.21 ac (96,137 SF)
Zoning code
OR1-OFFICE/RESIDENTIAL
APN
23065100520000
UPID
US34-2263306
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
COMMERCIAL (GENERAL) Current
Est. value
$400,000
OFFICE BUILDING
Est. value
$615,000
RETAIL STORES
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$385,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1968
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Owen Realty LLC
Entity
Free & Clear · 18 yrs held
Mailing address
7711 BELLA WOODS CT, LOUISVILLE, KY 40214-4968
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
—
Daugherty Holdings LLC
—
Deed
related
$292,000 · L&n FCU
Feb 20, 2020
—
Owen Realty LLC
—
Deed
related
$249,000 · Stockyard Bk&tr
Jul 18, 2018
—
Owen Realty LLC
—
Deed
related
$101,063 · Pnc Bk
Jan 3, 2008
$197,000
Owen Realty LLC
Southern Knights INC
Grant Deed
related
—
—
—
Owen Realty LLC
—
Deed Of Trust
related
$158,000 · Pnc Bank
—
—
Owen Realty LLC
—
Deed Of Trust
related
$249,000 · Stockyard Bk&tr
—
—
Owen Realty LLC
—
Loan Modification
related
$101,063 · 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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