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Property profile & analytics
OFF-MARKET
Estimated value
$7,900,000
Manufacturing properties
4701 Allmond Ave, Louisville, KY 40209-1404
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US34-2327819
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Total area
152,140 SF
Lot
8.44 ac (367,821 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
12059C00150000
UPID
US34-2327819
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
-
Precision Tool & Die & Machine Building Supply Metal Fabrication Plant
-
NTH/Works Industrial Manufacturer Production Facility
-
Precision Metal Works Industrial Manufacturer Production Facility
-
Innovatech Bartell Global Industrial Manufacturer Production Facility
-
Bartell Morrison Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$7.90M
Owner & transaction history
Legacy West Partnes Ky Portfolio Ll · 2 yrs held
Legacy West Partnes Ky Portfolio Ll
since 2023
Last sale
$9.4M
2 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.5M
+46.7%
Warehouse, storage
$11.1M
+41.7%
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
$7,770,000
ML approach
$7,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,840,000
Current use
COMMERCIAL (GENERAL)
$11,505,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,110,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$7.90M
Range $7.11M – $8.69M · ±10% · vs last sale $9.35M (Jul 21 2023)
Last sale anchor
$9.35M
Jul 21 2023
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
$52 / 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
$51,305
Tax year 2023
Assessed value
$3,823,030
Assessed 2023
Previous assessed
$3,823,030
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,013,240
Assessed improvement
$2,809,790
Land market value
$1,013,240
Improvement market value
$2,809,790
Total market value
$3,823,030
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1968
Heating
YES
Cooling
YES
Stories
1
Total area
152,140 SF
Lot
8.44 ac (367,821 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
12059C00150000
UPID
US34-2327819
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Zoning EZ1-ENTERPRISE ZONE · permitted uses
EZ1-ENTERPRISE ZONE · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$11.5M
WAREHOUSE, STORAGE
Est. value
$11.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1968
Heating
YES
Cooling
Yes
Stories
1
Lot
8.44 ac
Current owner
From public records · entity-resolved
Legacy West Partnes Ky Portfolio Ll
Individual
Mailing address
1110 TORREY PNES RD STE D, LA JOLLA, CA 92037-4545
Ownership since
2023
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
Jul 21, 2023
$9,350,000
Legacy West Partnes Ky Portfolio Ll
Precison Metal Works INC
Special Warranty Deed
$9,787,500 · Republic Bank & Trust Co
Jul 20, 2023
$5,100,000
Precision Metal Works INC
Lowe Road Properties INC
Special Warranty Deed
—
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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