Back to Search
Property profile & analytics
OFF-MARKET
Hotels
429 2nd St Louisville, KY 40202-1417
Entity Owned
2-yr Hold
Free & Clear
Property ID
US34-0320324
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1840
Total area
6,068 SF
Lot
0.15 ac (6,656 SF)
Zoning code
C2-COMMERCIAL
APN
04017F00290000
UPID
US34-0320324
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
-
Alexander C Wilson Law Firm
-
Howard Hardy House Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Howard Hardy House Kentucky LLC · 2 yrs held
Howard Hardy House Kentucky LLC
since 2023
7 recorded transactions
Zoning & alternative use
C2-COMMERCIAL · Louisville, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,687
Tax year 2023
Assessed value
$870,850
Assessed 2023
Previous assessed
$650,000
+34.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$320,330
Assessed improvement
$550,520
Land market value
$320,330
Improvement market value
$550,520
Total market value
$870,850
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
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1840
Heating
YES
Cooling
NONE
Stories
4
Total area
6,068 SF
Lot
0.15 ac (6,656 SF)
Zoning code
C2-COMMERCIAL
APN
04017F00290000
UPID
US34-0320324
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Zoning C2-COMMERCIAL · permitted uses
C2-COMMERCIAL · 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.
Building & site characteristics
From public records
Year built
1840
Heating
YES
Cooling
Yes
Stories
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Howard Hardy House Kentucky LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6404 MISTFLOWER CIR, PROSPECT, KY 40059-6605
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2023
—
Howard Hardy House Kentucky LLC
Howard Hardy House Louisville LLC
Correction Deed
related
—
May 31, 2023
—
Howard Hardy House Kentucky LLC
—
Deed
related
$1,179,584 · Liberty FCU
Feb 16, 2023
$1,500,000
Howard Hardy House Kentucky LLC
Howard Hardy House Louisville LLC
Warranty Deed
—
Sep 30, 2022
—
Howard Hardy House Louisville LLC
Howard Hardy House LLC
Quit Claim Deed
related
$1,200,000 · John C Hagerty JR Etal
Apr 30, 2020
—
Howard Hardy House LLC
—
Deed Of Trust
related
$50,000 · Insbank
May 30, 2017
—
Howard Hardy House LLC
Tld Howard Hardy LLC
Quit Claim Deed
related
$820,968 · Insbank
Sep 14, 2016
—
Tld Howard Hardy LLC
—
Deed
related
$672,000 · Insbank
Aug 18, 2016
$650,000
Tld Howard Hardy LLC
Johnston Wilson LLC
Warranty Deed
—
Jul 29, 2014
$358,600
Johnston Wilson LLC
Todd J Clifford Trust
Warranty Deed
$250,600 · Republic Bk&tr
Jun 25, 2013
$385,000
Todd,j Clifford Trust
Howard Hardy LLC
Warranty Deed
—
—
—
Tld Howard Hardy LLC
—
Deed Of Trust
related
$672,000 · Insbank
—
—
Tld Howard Hardy LLC
—
Loan Modification
related
$820,968 · Insbank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 429 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
