525 Broadway Louisville, KY 40202-2206
Entity Owned
3-yr Hold
~
Est. High Equity
Estimated value (blended)
$11.51M
Range $10.35M – $12.66M (±10%)
Property ID
US34-0039913
Property summary
AI-generated overview
This exceptional Louisville, KY property at 525 W. Broadway offers 451,000 square feet of office and warehouse space on a 3.5-acre lot. The asking price is $4,000,000, significantly reduced from $7,000,000, presenting a compelling redevelopment opportunity. Located in the Central Business District (CBD), this former headquarters building boasts superb ingress and egress, with floor sizes ranging from 11,896 to 52,564 square feet. A separate 136,000-square-foot warehouse is also available. The property is zoned C-3 and enjoys convenient access to major interstates, including I-65, I-64, I-71, I-265, and I-264. This presents a rare chance to acquire a substantial property in a prime Louisville location. An adjacent warehouse at 667 Armory Place is also available for purchase, expanding the potential of this already significant offering. The combined purchase price for both properties is $7,000,000, a substantial reduction from the original $13,250,000. This is a unique opportunity for investors seeking a large-scale project in a thriving urban core.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1948
Total area
354,415 SF
Lot
2.08 ac (90,605 SF)
Zoning code
C3-CENTRAL BUSINESS
APN
03013K00220000
UPID
US34-0039913
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tour Operator
-
Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.66M
Blend (final)
Blend
$11.51M
Owner & transaction history
since 2022
Last sale
$11.4M
2 recorded transactions
Zoning & alternative use
C3-CENTRAL BUSINESS · Louisville, KY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.51M
Value range
$10.35M – $12.66M
±10% around blend
Estimated value / SF
$32 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$10.35M
blend $11.51M
$12.66M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
354,415 SF
Lot area
2.08 ac
Year built
1948
Stories
8
APN
03013K00220000
Assessed value
$2,146,600
Annual tax
$30,591
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$9.66M
Range $9.66M – $26.89M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.51M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 73 sales
$52
-37%
County 73 sales
$52
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $32/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.35M
Move the market yield to see immediate price impact.
Value / SF
$32
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$715k
$14.30M
$10.21M
$7.95M
$795k
$15.89M
$11.35M
$8.83M
$874k
$17.48M
$12.48M
$9.71M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,591
Tax year 2023
Assessed value
$2,146,600
Assessed 2023
Previous assessed
$6,965,050
-69.2% YoY
Effective rate
1.43%
On assessed value
Assessed land
$2,102,720
Assessed improvement
$43,880
Land market value
$2,102,720
Improvement market value
$43,880
Total market value
$2,146,600
Applied tax rate
23.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1948
Heating
YES
Cooling
NONE
Buildings
2
Stories
8
Total area
354,415 SF
Lot
2.08 ac (90,605 SF)
Zoning code
C3-CENTRAL BUSINESS
APN
03013K00220000
UPID
US34-0039913
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
Building & site characteristics
From public records
Year built
1948
Heating
YES
Cooling
Yes
Stories
8
Buildings
2
Lot
2.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C3-CENTRAL BUSINESS
Jurisdiction
Louisville, KY
Recorded code
C3-CENTRAL BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3-CENTRAL BUSINESS in Louisville, KY.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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