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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
4507 Shelbyville Rd Bellewood, KY 40207-3313
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0270734
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
2,982 SF
Lot
0.75 ac (32,831 SF)
Zoning code
CN-NEIGHBORHOOD COMMERCIA
APN
21034001460013
UPID
US34-0270734
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
by Request
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$705k
Owner & transaction history
Jean M Weyland Fam Ptshp Ltd · 5 yrs held
Jean M Weyland Fam Ptshp Ltd
since 2020
2 recorded transactions
Zoning & alternative use
CN-NEIGHBORHOOD COMMERCIA · Bellewood, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$650,000
+22.5%
Auto repair, garage
$570,000
+7.3%
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 Bellewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellewood 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%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$530,000
Current use
RETAIL STORES
$650,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$570,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$236 / 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
$13,876
Tax year 2023
Assessed value
$1,208,710
Assessed 2023
Previous assessed
$900,000
+34.3% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,149,090
Assessed improvement
$59,620
Land market value
$1,149,090
Improvement market value
$59,620
Total market value
$1,208,710
Applied tax rate
26.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Heating
YES
Cooling
NONE
Stories
1
Total area
2,982 SF
Lot
0.75 ac (32,831 SF)
Zoning code
CN-NEIGHBORHOOD COMMERCIA
APN
21034001460013
UPID
US34-0270734
Jurisdiction
JEFFERSON
Zoning & alternative use
CN-NEIGHBORHOOD COMMERCIA · Bellewood, KY
Zoning CN-NEIGHBORHOOD COMMERCIA · permitted uses
CN-NEIGHBORHOOD COMMERCIA · Bellewood, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$530,000
RETAIL STORES
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$570,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2001
Heating
YES
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Jean M Weyland Fam Ptshp Ltd
Individual
Mailing address
815 W MARKET ST STE #110, LOUISVILLE, KY 40202-2983
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
—
Jean M Weyland Fam Ptshp Ltd
—
Deed
related
$1,443,000 · Republic Bk&tr
—
—
Jean M Weyland Fam Ptshp Ltd
—
Deed Of Trust
related
$1,443,000 · Republic Bk&tr
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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