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Property profile & analytics
OFF-MARKET
Manufacturing properties
4623 Illinois Ave, Louisville, KY 40213-1922
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US34-0334270
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Total area
5,432 SF
Lot
3.96 ac (172,498 SF)
Zoning code
M2-INDUSTRIAL
APN
23081101110000
UPID
US34-0334270
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
-
CarX Body Shop Auto Repair Shop
-
PP Body Shop Auto Repair Shop
-
Kartar Service Shop Mechanical & Body Auto Repair Shop
-
Faulkner Construction LLC Construction Company
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
Yhr 888 LLC · 10 yrs held
Yhr 888 LLC
since 2016
5 recorded transactions
Zoning & alternative use
M2-INDUSTRIAL · 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
$8,795
Tax year 2023
Assessed value
$746,580
Assessed 2023
Previous assessed
$746,580
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$393,500
Assessed improvement
$353,080
Land market value
$393,500
Improvement market value
$353,080
Total market value
$746,580
Applied tax rate
15.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1956
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Total area
5,432 SF
Lot
3.96 ac (172,498 SF)
Zoning code
M2-INDUSTRIAL
APN
23081101110000
UPID
US34-0334270
Jurisdiction
JEFFERSON
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Zoning M2-INDUSTRIAL · permitted uses
M2-INDUSTRIAL · 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
1956
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
3.96 ac
Current owner
From public records · entity-resolved
Yhr 888 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3102 WEBB RD, SIMPSONVILLE, KY 40067-7402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Mar 15, 2016
—
Yhr 888 LLC
Li,dong
Warranty Deed
related
—
May 19, 2015
$341,000
Dong Li
Xu Yong N
Warranty Deed
—
Jun 27, 2012
$341,000
Yong N Xu
Faulkner Margaret L Trust
Warranty Deed
related
—
Feb 18, 2010
—
Faulkner,margaret L Trust
—
Deed Of Trust
related
$1,750,000 · Pnc Bank
Nov 30, 2009
—
Faulkner David L Gst Exempt T Trust
Faulkner Margaret L Trust
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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