Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    508 26th St Louisville, KY 40212-1411

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    508 26th St Louisville, KY 40212-1411

    View on Map
    • Office buildings
    • 0.10 lot acres
    Off-Market
    Property ID
    US34-0282034
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 508 26th St

    Lot size
    0.10 lot acres
    Zone code
    C1-COMMERCIAL
    Property type
    Office buildings
    APN
    02004B01130000
    APU
    02004B01130000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7911
    Latitude
    38.2698
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $225
    $16,770
    $0.00
    $16,770
    -
    $16,770
    $0.00
    $16,770

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      2128 Muhammad Ali Blvd

      OFFICE BUILDING • 3,000 SF
      2128 Muhammad Ali Blvd, Louisville, KY 40212-1762
      View Details
    • Value Estimation by Request
      2,304 SF

      2306 Market St

      OFFICE BUILDING • 2,304 SF
      2306 Market St, Louisville, KY 40212-1537
      View Details
    • Value Estimation by Request
      1,585 SF

      2410 Market St

      OFFICE BUILDING • 1,585 SF
      2410 Market St, Louisville, KY 40212-1539
      View Details
    • Value Estimation by Request
      2,748 SF

      3600 Market St

      OFFICE BUILDING • 2,748 SF
      3600 Market St, Louisville, KY 40212-2354
      View Details
    • Value Estimation by Request
      0.16 Acres

      512 26th St

      OFFICE BUILDING • 0.16 Acres
      512 26th St, Louisville, KY 40212-1411
      View Details
    • Value Estimation
      $1,515,000
      16,924 SF

      2500 Montgomery St

      OFFICE BUILDING • 16,924 SF
      2500 Montgomery St, Louisville, KY 40212-1020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,394 SF

      Historic Portland Office Building

      Fully occupied office building in historic Portland neighborhood.
      2500 Montgomery St, Louisville, KY 40212
      View Details
    • $349,900

      Versatile Commercial Property in Louisville

      Three-story commercial property with redevelopment potential on a high-visibility corner lot.
      2114 W Market St, Louisville, KY 40212
      View Details
    • $349,900
      9,617 SF

      Louisville Commercial Redevelopment Opportunity

      Versatile commercial property with redevelopment potential in Louisville's Opportunity Zone.
      2114 W Market St, Louisville, KY 40212
      View Details
    • $349,900
      9,617 SF

      Louisville Commercial Redevelopment Opportunity

      Three-story commercial property with redevelopment potential in Louisville's Opportunity Zone.
      2114 W Market St, Louisville, KY 40212
      View Details
    • Contact for pricing
      9,258 SF

      Retail Property on Portland Avenue

      9,258 SF retail property available for sale.
      3130 Portland Ave, Louisville, KY 40212
      View Details
    • Contact for pricing
      5,376 SF

      Corner Retail Space for Sale

      Retail space on a corner lot with high visibility.
      2301 W Market St, Louisville, KY 40212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,100 SF

      Warehouse Space Available For Lease

      5,100 sq ft warehouse space for lease.
      101 N 32Nd St, Louisville, KY 40212
      View Details
    • Contact for pricing

      West Market Freestanding Retail Opportunity

      Freestanding retail building on West Market Street available for sale.
      2421 W Market St, Louisville, KY 40212
      View Details
    • Contact for pricing

      Industrial Manufacturing Facility on 2.75 Acres

      42,773 SF manufacturing facility with heavy industrial amenities for sale.
      1604 Northwestern Pkwy, Louisville, KY 40212
      View Details

    Property Visit Statistics

    • Visits by month
      9.9k
    • Visitors by month
      5.0k
    • Avg Time on site
      10 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    508 26th St
    Louisville, KY 40212-1411
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!