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Property profile & analytics
FOR LEASE
Hotels
501 S 4Th St Louisville, KY 40202
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0326713
For Lease
$17.25 SF/Yr
501 S 4Th St, Louisville, KY 40202
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1910
Total area
383,875 SF
Lot
1.31 ac (57,020 SF)
Zoning code
C3-CENTRAL BUSINESS
APN
03013E00750000
UPID
US34-0326713
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
-
Dunn Electric Electrical Service General Contractor
-
Embassy Suites by Hilton Louisville Downtown Hotel & Motel
-
The Dinner Detective Murder Mystery Show Restaurant Theater & Performing Art Venue
-
louisville circuit court Hotel & Motel
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.20M
Owner & transaction history
Le Centre On Fourth LLC · 7 yrs held
Le Centre On Fourth LLC
since 2018
2 recorded transactions
Zoning & alternative use
C3-CENTRAL BUSINESS · 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%
$24,070,000
6.5%
$22,220,000
7%
$20,630,000
Blend value · Realmo final
$18.20M
Range $16.38M – $20.01M · ±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
$47 / 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
$440,908
Tax year 2023
Assessed value
$30,938,720
Assessed 2023
Previous assessed
$17,500,000
+76.8% YoY
Effective rate
1.43%
On assessed value
Assessed land
$4,186,420
Assessed improvement
$26,752,300
Land market value
$4,186,420
Improvement market value
$26,752,300
Total market value
$30,938,720
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
Hotels
Use group
HOTEL/MOTEL
Status
For Lease
Year built
1910
Heating
YES
Cooling
NONE
Stories
7
Total area
383,875 SF
Lot
1.31 ac (57,020 SF)
Zoning code
C3-CENTRAL BUSINESS
APN
03013E00750000
UPID
US34-0326713
Jurisdiction
JEFFERSON
Zoning & alternative use
C3-CENTRAL BUSINESS · Louisville, KYZoning C3-CENTRAL BUSINESS · permitted uses
C3-CENTRAL BUSINESS · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1910
Heating
YES
Cooling
Yes
Stories
7
Lot
1.31 ac
Current owner
From public records · entity-resolved
Le Centre On Fourth LLC
Entity
Mailing address
401 W MAIN ST STE #400, LOUISVILLE, KY 40202-2942
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Dec 10, 2018
—
Le Centre On Fourth LLC
—
Deed
related
$31,500,000 · Le Centre On Fourth Master +
—
—
Le Centre On Fourth LLC
—
Loan Modification
related
$31,500,000 · Le Centre On Fourth Master +
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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