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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Commercial real estate
5220 Indian Woods Dr Louisville, KY 40207-2076
Individually Owned
12-yr Hold
Absentee Owner
Property ID
US34-0098581
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
WOOD
Total area
28,908 SF
Lot
1.74 ac (76,012 SF)
Zoning code
R7-RESIDENTIAL MULTI-FAMI
APN
21025200100000
UPID
US34-0098581
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
-
Terrace At Indian Hills Hoa Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$577k
Blend (final)
Blend
$770k
Owner & transaction history
David Combs · 12 yrs held
David Combs
since 2014
7 recorded transactions
Zoning & alternative use
R7-RESIDENTIAL MULTI-FAMI · 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$27 / 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
$1,756
Tax year 2023
Assessed value
$153,000
Assessed 2023
Previous assessed
$153,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$153,000
Land market value
$153,000
Total market value
$153,000
Applied tax rate
26.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Rooms
7
Bathrooms
1
Total area
28,908 SF
Lot
1.74 ac (76,012 SF)
Zoning code
R7-RESIDENTIAL MULTI-FAMI
APN
21025200100000
UPID
US34-0098581
Jurisdiction
JEFFERSON
Zoning & alternative use
R7-RESIDENTIAL MULTI-FAMI · Louisville, KY
Zoning R7-RESIDENTIAL MULTI-FAMI · permitted uses
R7-RESIDENTIAL MULTI-FAMI · 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
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
7
Bathrooms
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
David Combs
Individual
Mailing address
2650 TECHNOLOGY DR, LOUISVILLE, KY 40299-6424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2014
$467,272
David Combs
Terraces Dev Ih LLC
Quit Claim Deed
related
—
Nov 2, 2007
$467,272
David Combs
Terraces Dev Ih LLC
Quit Claim Deed
related
—
Jul 6, 2007
$460,962
Charlotte Jones
Terraces Development Ih LLC
Warranty Deed
—
Dec 8, 2006
$361,617
John Middleton III
Terraces Dev Ih LLC
Warranty Deed
$70,000 · Central Bank Jefferson County
Nov 17, 2006
$338,316
Paul R Lapointe JR.
Terraces Dev Ih LLC
Warranty Deed
$270,652 · Century Lending Co
Oct 16, 2006
$368,781
Suzanne P Smith
Terraces Dev Ih LLC
Warranty Deed
$115,000 · Abn Amro Mortgage Group INC
Sep 20, 2006
$390,250
Barbara W Wright
Terraces Dev Ih LLC
Warranty Deed
—
Sep 8, 2006
$428,400
Bonnie Z Toborowsky
Terraces Dev Ih LLC
Warranty Deed
—
—
—
George T T Kitchen III
—
Deed Of Trust
related
$225,000 · Wells Fargo 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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