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    4311 Shelbyville Rd Saint Matthews, KY 40207-3319
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    Property profile & analytics

    4311 Shelbyville Rd, Saint Matthews, KY 40207-3319

    View on Map
    • Auto shops
    • 13,031 SF
    • 3.53 lot acres
    Off-Market
    Last Sale Jan 30, 2020
    $6,542,000
    Property ID
    US34-2369684
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $6,280,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Precision Collision Center / Auto Repair Shop

    Property Details for 4311 Shelbyville Rd

    Year built
    1966
    Lot size
    3.53 lot acres
    Zone code
    C2-COMMERCIAL
    Property type
    Auto shops
    APN
    21002002530000
    APU
    21002002530000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,260,000
      ML approach
      $5,780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,191,000
      Market price range: $1.02M - $4.19M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Matthews
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6359
    Latitude
    38.2525
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $75,102
    $2,138,720
    $4,403,280
    $6,542,000
    -
    $2,138,720
    $4,403,280
    $6,542,000

    Comparable in this City

    • Value Estimation
      $1,420,000
      20,282 SF

      4126 Shelbyville Rd

      AUTO REPAIR, GARAGE
      4126 Shelbyville Rd, Saint Matthews, KY 40207-3234
      View Details
    • Value Estimation
      $1,095,000
      5,623 SF

      4124 Shelbyville Rd

      AUTO REPAIR, GARAGE
      4124 Shelbyville Rd, Saint Matthews, KY 40207-3234
      View Details
    • Value Estimation
      $1,195,000
      23,808 SF

      4520 Shelbyville Rd

      AUTO REPAIR, GARAGE
      4520 Shelbyville Rd, Saint Matthews, KY 40207-3324
      View Details
    • Value Estimation by Request
      4,170 SF

      3949 Shelbyville Rd

      AUTO REPAIR, GARAGE
      3949 Shelbyville Rd, Saint Matthews, KY 40207-3120
      View Details
    • Value Estimation by Request
      5,440 SF

      206 Clover Ln

      AUTO REPAIR, GARAGE
      206 Clover Ln, Saint Matthews, KY 40207-2707
      View Details
    • Value Estimation by Request
      0.02 Acres

      Staebler Ave

      AUTO REPAIR, GARAGE
      Staebler Ave, Saint Matthews, KY 40207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

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      Two-story building with drive-thru in high-traffic Louisville area.
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      Retail Property Near Mall

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      Freestanding Medical Office in St. Matthews

      Two-story medical office with basement and on-site parking.
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      Office Building Near I-264

      8,618 SF office building with convenient highway access.
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      0.62 Acres

      Land in Prime Louisville Location

      0.62-acre lot for a unique house in Louisville, KY.
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    Similar Nearby for Lease

    • Contact for pricing
      70,227 SF

      Retail Space Available For Lease

      70227 sqft retail property available for lease.
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      View Details
    • Contact for pricing
      3,300 SF

      Retail Space in Richlawn Center

      3,300-SF retail space with high visibility and parking.
      4133-4139 Shelbyville Rd, Louisville, KY 40207
      View Details
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      3,696 SF

      Retail Space Available For Lease

      Retail space available for lease, offering 3696 square feet.
      291 N Hubbards Ln, Louisville, KY 40207
      View Details
    • Contact for pricing

      Retail Space in Springs Shopping

      St. Matthews retail space with high traffic and demographics.
      970 Breckenridge Ln, St Matthews, KY 40207
      View Details
    • Contact for pricing
      1,737 SF

      St. Matthews Retail Space Available

      Retail space in Springs Shopping Center on Breckenridge Lane.
      970-974 Breckenridge Ln, Saint Matthews, KY 40207
      View Details
    • Contact for pricing

      New Mixed-Use Development, Louisville

      New Class A mixed-use development coming in 2026.
      1041 Zorn Ave, Louisville, KY 40207
      View Details

    Property Visit Statistics

    • Visits by month
      9.5k
    • Visitors by month
      6.6k
    • Avg Time on site
      26 min
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    Saint Matthews, KY 40207-3319
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    4311 Shelbyville Rd, Saint Matthews, KY, 40207
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