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Property profile & analytics
FOR LEASE
Sports & entertainment properties
4529 Greenwood Rd, Louisville, KY 40258
Individually Owned
4-yr Hold
Free & Clear
Property ID
US34-2386423
For Lease
1 / 28
$6 SF/Yr
4529 Greenwood Rd, Louisville, KY 40258
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Property summary
AI-generated overview
This exceptional freestanding retail building, located at 4529 Greenwood Rd in Louisville, Kentucky, presents a unique investment opportunity. Boasting 22,630 square feet of space on a 3.57-acre lot, this single-tenant property offers significant potential for a variety of uses. Built in 1980 and renovated in 2020, the building is classified as Class C and features a clear-span interior, perfect for adaptable layouts. The property includes two restrooms, a kitchen, and multiple storage rooms, catering to diverse business needs. Ample parking is provided with 164 spaces. The property is zoned C-2 and situated in Jefferson County, KY, zip code 40258. The current tenant is on a month-to-month lease, requiring 30 days' notice to vacate and 48 hours' notice for showings. Property taxes are $0.49 per square foot. This high-traffic location is ideal for businesses seeking a prominent presence in Louisville, with potential uses including automotive sales, auto service, flea markets, or event centers. The property's size and features make it an attractive option for businesses seeking a versatile and spacious retail space. The building is a single-story structure.
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1960
Total area
23,084 SF
Lot
4.08 ac (177,725 SF)
Zoning code
C2-COMMERCIAL
APN
25112300360000
UPID
US34-2386423
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
-
Derby City Bingo Bingo Hall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$530k
Owner & transaction history
Commonwealth Of Kentucky · 4 yrs held
Commonwealth Of Kentucky
since 2022
Last sale
$31,865
2 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
Method
Estimation
Statistic approach
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $32k (Jan 28 2022)
Last sale anchor
$32k
Jan 28 2022
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
$23 / 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
$11,360
Tax year 2023
Assessed value
$948,240
Assessed 2023
Previous assessed
$873,580
+8.5% YoY
Effective rate
1.20%
On assessed value
Assessed land
$929,930
Assessed improvement
$18,310
Land market value
$929,930
Improvement market value
$18,310
Total market value
$948,240
Applied tax rate
9.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
For Lease
Year built
1960
Heating
YES
Cooling
YES
Stories
1
Total area
23,084 SF
Lot
4.08 ac (177,725 SF)
Zoning code
C2-COMMERCIAL
APN
25112300360000
UPID
US34-2386423
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
1960
Heating
YES
Cooling
Yes
Stories
1
Lot
4.08 ac
Current owner
From public records · entity-resolved
Commonwealth Of Kentucky
Individual
Free & Clear · 4 yrs held
Mailing address
150 THIERMAN LN, LOUISVILLE, KY 40207-5010
Ownership since
2022
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
Jan 28, 2022
$31,865
Commonwealth Of Kentucky
Shamrock Properties LLC
Deed
—
Dec 1, 2009
—
Shamrock Properties LLC
Crumley Mary E Trust
Grant Deed
related
—
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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