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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Warehouses
5300 Cp Ground Rd Louisville, KY 40216-3312
Entity Owned
9-yr Hold
Free & Clear
Property ID
US34-2356414
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
16,000 SF
Lot
14.52 ac (632,491 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
25100601110000
UPID
US34-2356414
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
-
Robinson Pipe Cleaning Co Business To Business Service Industrial Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.77M
Owner & transaction history
Beary Properties INC · 9 yrs held
Beary Properties INC
since 2017
7 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+59.5%
Retail stores
$1.4M
+16.4%
Commercial (general)
$1.2M
+3.6%
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%
$2,160,000
6.5%
$1,995,000
7%
$1,855,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,170,000
Current use
OFFICE BUILDING
$1,865,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$1,360,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,210,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$111 / 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
$21,384
Tax year 2023
Assessed value
$1,784,940
Assessed 2023
Previous assessed
$1,271,940
+40.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,011,220
Assessed improvement
$773,720
Land market value
$1,011,220
Improvement market value
$773,720
Total market value
$1,784,940
Applied tax rate
9.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Total area
16,000 SF
Lot
14.52 ac (632,491 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
25100601110000
UPID
US34-2356414
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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1998
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
14.52 ac
Current owner
From public records · entity-resolved
Beary Properties INC
Entity
Free & Clear · 9 yrs held
Mailing address
5300 CP GROUND RD, LOUISVILLE, KY 40216-3312
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2017
$965,000
Beary Properties INC
Wayne Bramer Ents LLC
Warranty Deed
—
Dec 1, 2014
—
Bramer Ents LLC|bramer Wayn Wayne
—
Trustees Deed
related
$212,683 · Liter's INC
Oct 3, 2013
—
Wayne Bramer
5300 Campground Road LLC
Quit Claim Deed
related
—
Oct 9, 2008
—
5300 Campground Road LLC
Bramer,wayne & Alma
Quit Claim Deed
related
—
—
—
Wayne Bramer Ents LLC
—
Deed Of Trust
related
$940,000 · Stockyard Bk&tr
—
—
Wayne Bramer Ents LLC
—
Deed Of Trust
related
$50,000 · Stockyard Bk&tr
—
—
Alma A Bramer
—
Deed Of Trust
related
$1,409,746 · Forcht Bank NA
—
—
Hemphill Tower LLC
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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