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Property profile & analytics
OFF-MARKET
Estimated value
$8,655,000
Commercial real estate
4600 Bowling Blvd Saint Matthews, KY 40207-5155
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US34-2303911
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
85,276 SF
Lot
3.61 ac (157,034 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
22279400050000
UPID
US34-2303911
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
-
Weston Group Rehab Services Medical Clinic
-
Belmont Village Senior Living St. Matthews Retirement Community
-
Lisa Homer Physician
-
Dena Campbell Physician
-
Laura Davis Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.67M
Blend (final)
Blend
$8.66M
Owner & transaction history
Belmont Village Stmatthews LLC · 20 yrs held
Belmont Village Stmatthews LLC
since 2005
5 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Saint Matthews, 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 Saint Matthews submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Matthews 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)
$6,450,000
Current use
WAREHOUSE, STORAGE
$6,225,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$8.66M
Range $7.79M – $9.52M · ±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
$110,208
Tax year 2023
Assessed value
$9,600,000
Assessed 2023
Previous assessed
$9,600,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,805,900
Assessed improvement
$7,794,100
Land market value
$1,805,900
Improvement market value
$7,794,100
Total market value
$9,600,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1999
Heating
YES
Cooling
NONE
Stories
3
Total area
85,276 SF
Lot
3.61 ac (157,034 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
22279400050000
UPID
US34-2303911
Jurisdiction
JEFFERSON
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Saint Matthews, KY
Zoning OR3-OFFICE/RESIDENTIAL · permitted uses
OR3-OFFICE/RESIDENTIAL · Saint Matthews, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Matthews. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.5M
WAREHOUSE, STORAGE
Est. value
$6.2M
COMMERCIAL (GENERAL) Current
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
1999
Heating
YES
Cooling
Yes
Stories
3
Lot
3.61 ac
Current owner
From public records · entity-resolved
Belmont Village Stmatthews LLC
Entity
Mailing address
7660 WOODWAY DR STE #400, HOUSTON, TX 77063-1528
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2018
—
Hanover Place LLC
—
Grant Deed
related
$2,415,137 · Commonwealth Bk
Dec 8, 2005
—
Belmont Village Stmatthews LLC
Belmont Village
Quit Claim Deed
related
—
—
—
Belmont Village St. Matthews Ll
—
Deed Of Trust
related
$2,700,000 · Cbre Melody & Co
—
—
Belmont Village St. Matthews Ll
—
Deed Of Trust
related
$7,400,000 · Cbre Melody & Co
—
—
Belmont Village St. Matthews Ll
—
Deed Of Trust
related
$318,000,000 · Health Care Reit INC
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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