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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Manufacturing properties
501 15th St, Louisville, KY 40203-1701
Entity Owned
4-yr Hold
Free & Clear
Property ID
US34-2367151
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Total area
66,310 SF
Lot
3.3 ac (143,704 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
03013B01990000
UPID
US34-2367151
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
-
Barrel House Cooker Co. Corporate Office
-
Pit Barrel Cooker Co. Corporate Office
-
Millennium Events Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Millennium Events & Floral Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.40M
Blend (final)
Blend
$3.45M
Owner & transaction history
501 Warehouse LLC · 4 yrs held
501 Warehouse LLC
since 2022
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+46.7%
Warehouse, storage
$4.8M
+41.7%
Office building
$4.4M
+28.3%
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
$3,495,000
ML approach
$3,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,420,000
Current use
COMMERCIAL (GENERAL)
$5,015,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,840,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$4,385,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.45M (Mar 3 2022)
Last sale anchor
$3.45M
Mar 3 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
$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
$46,299
Tax year 2023
Assessed value
$3,450,000
Assessed 2023
Previous assessed
$1,300,000
+165.4% YoY
Effective rate
1.34%
On assessed value
Assessed land
$331,330
Assessed improvement
$3,118,670
Land market value
$331,330
Improvement market value
$3,118,670
Total market value
$3,450,000
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 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
1966
Heating
YES
Cooling
YES
Stories
1
Total area
66,310 SF
Lot
3.3 ac (143,704 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
03013B01990000
UPID
US34-2367151
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
$3.4M
COMMERCIAL (GENERAL)
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1966
Heating
YES
Cooling
Yes
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
501 Warehouse LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 21146, LOUISVILLE, KY 40221-0146
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
501 Warehouse LLC
—
Deed
related
$2,760,000 · Central Bank & Trust Co
Mar 3, 2022
$3,450,000
501 Warehouse LLC
501 S 5th St LLC
Warranty Deed
—
Feb 5, 2019
$1,300,000
501 S 15th St LLC
Tab 15 LLC
Warranty Deed
$1,105,000 · Us Bk
Sep 4, 2014
—
Tab 15 LLC
Berger,todd & Mary
Quit Claim Deed
related
$877,000 · Stock Yards Bk
May 14, 2009
$1,110,000
501 Fifthteenth LLC
Mann Properties LLC
Grant Deed
related
$943,500 · Louisville Cmnty Dev Bk
—
—
Mann Properties LLC
—
Deed Of Trust
related
$900,000 · First Bank Richmond NA
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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