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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Office buildings
5001 Stephan Dr Louisville, KY 40258-1125
Entity Owned
2-yr Hold
Free & Clear
Property ID
US34-0269860
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
31,277 SF
Lot
2.58 ac (112,559 SF)
Zoning code
C1-COMMERCIAL
APN
25112803810000
UPID
US34-0269860
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
-
Charity Hall Bingo Bingo Hall
-
Kentucky Justice Cabinet, Division Of Probation and Parole State Government Office
-
Probation & Parole District 18 Correctional Services Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.50M
Owner & transaction history
9616 Dixie LLC · 2 yrs held
9616 Dixie LLC
since 2024
7 recorded transactions
Zoning & alternative use
C1-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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±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
$48 / 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
$11,071
Tax year 2023
Assessed value
$924,100
Assessed 2023
Previous assessed
$825,890
+11.9% YoY
Effective rate
1.20%
On assessed value
Assessed land
$581,130
Assessed improvement
$342,970
Land market value
$581,130
Improvement market value
$342,970
Total market value
$924,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
YES
Cooling
NONE
Stories
1
Total area
31,277 SF
Lot
2.58 ac (112,559 SF)
Zoning code
C1-COMMERCIAL
APN
25112803810000
UPID
US34-0269860
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Zoning C1-COMMERCIAL · permitted uses
C1-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
1974
Heating
YES
Cooling
Yes
Stories
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
9616 Dixie LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2606 ALIA CIR, LOUISVILLE, KY 40222-3413
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
9616 Dixie LLC
Cat Sd LLC
Warranty Deed
—
Apr 29, 2019
—
Cat Sd LLC
5001 Stephan Drive LLC
Warranty Deed
related
$1,196,658 · Stockyard Bk&tr
Apr 29, 2019
$900,000
9616 Dixie LLC
Mat Sd LLC
Warranty Deed
related
—
Jul 13, 2018
—
5001 Stephan Drive LLC
—
Deed
related
$200,000 · Stockyard Bk&tr
Jan 4, 2017
—
5001 Stephan Drive LLC
—
Deed
related
$580,000 · Stockyard Bk&tr
Dec 13, 2011
—
5001 Stephan Drive LLC
Cat Pb LLC
Warranty Deed
related
—
Nov 1, 2011
$60,000
Mat Pb LLC
Sae Pb LLC
Warranty Deed
—
Nov 1, 2011
$120,000
Sae Pb LLC
Stephan Drive LLC
Warranty Deed
—
May 25, 2007
—
Stephan Drive LLC
—
Trustees Deed
related
$600,000 · Stock Yards Bank
—
—
5001 Stephan Drive LLC
—
Deed Of Trust
related
$200,000 · Stockyard Bk&tr
—
—
5001 Stephan Drive LLC
—
Deed Of Trust
related
$300,000 · Stock Yards Bank
—
—
5001 Stephan Drive LLC
—
Deed Of Trust
related
$580,000 · Stockyard Bk&tr
—
—
5001 Stephan Drive LLC
—
Deed Of Trust
related
$100,000 · Stockyard Bk&tr
—
—
5001 Stephan Drive LLC
—
Loan Modification
related
$400,000 · Stock Yards Bank
—
—
5001 Stephan Drive LLC
—
Loan Modification
related
$500,000 · Stock Yards Bank
—
—
Michael E Foster
—
Deed Of Trust
related
$465,000 · Branch Banking & Trust Co
—
—
5001 Stephan Drive LLC
—
Deed Of Trust
related
$551,449 · Stockyard Bk&tr
—
—
Stephan Drive LLC
—
Deed Of Trust
related
$500,000 · Stock Yards Bank
—
—
Stephan Drive LLC
—
Loan Modification
related
$709,711 · Stock Yards Bank
—
—
Stephan Drive LLC
—
Loan Modification
related
$709,711 · Stock Yards Bank
—
—
Stephan Drive LLC
—
Deed Of Trust
related
$709,711 · Stock Yards Bank
—
—
Stephan Drive LLC
—
Loan Modification
related
$600,000 · Stock Yards Bank
—
—
Stephan Drive LLC
—
Loan Modification
related
$600,000 · Stock Yards Bank
—
—
5001 Stephan Drive LLC
—
Deed Of Trust
related
$560,000 · Stock Yards Bk
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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