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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Retail space
5700 Bardstown Rd Louisville, KY 40291-1914
Entity Owned
~
Est. High Equity
Property ID
US34-0299205
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
4,980 SF
Lot
0.43 ac (18,861 SF)
Zoning code
C1-COMMERCIAL
APN
23062900320000
UPID
US34-0299205
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
-
Conner's Kitchens, Baths, Flooring Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
$740k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Mervat Investments LLC
Mervat Investments LLC
since 2025
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$955,000
+50.5%
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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
RETAIL STORES
$635,000
Current use
AUTO REPAIR, GARAGE
$955,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$580,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $875k (Jun 19 2025)
Last sale anchor
$875k
Jun 19 2025
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
$181 / 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
$4,348
Tax year 2023
Assessed value
$369,110
Assessed 2023
Previous assessed
$369,110
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$150,660
Assessed improvement
$218,450
Land market value
$150,660
Improvement market value
$218,450
Total market value
$369,110
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
YES
Cooling
YES
Stories
1
Total area
4,980 SF
Lot
0.43 ac (18,861 SF)
Zoning code
C1-COMMERCIAL
APN
23062900320000
UPID
US34-0299205
Jurisdiction
JEFFERSON
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Zoning C1-COMMERCIAL · permitted uses
C1-COMMERCIAL · 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
RETAIL STORES Current
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$955,000
OFFICE BUILDING
Est. value
$580,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1965
Heating
YES
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Mervat Investments LLC
Entity
Mailing address
302 PADDINGTON CT, LOUISVILLE, KY 40222-5541
Ownership since
2025
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
Sep 19, 2025
$875,000
Mervat Investments LLC
Wpg Family Realty LLC
Warranty Deed
—
Nov 22, 2024
$1,000,000
Wpg Family Realty LLC
Cfo Properties LLC
Warranty Deed
$800,000 · Stock Yards Bank & Trust Co
Aug 9, 2022
—
Cfo Properties LLC
—
Deed
related
$300,000 · Stock Yards Bank & Trust Co
Jan 25, 2022
—
Cfo Properties LLC
—
Deed
related
$240,000 · Stock Yards Bank
Apr 12, 2021
—
Cfo Properties LLC
Conners Carpet Center INC
Quit Claim Deed
related
—
Mar 22, 2017
—
Conners Carpet Center INC
—
Deed
related
$150,000 · Susan J Hunt
—
—
Conners Carpet Center INC
—
Deed Of Trust
related
$125,000 · Pnc Bank
—
—
Conners Carpet Center INC
—
Deed Of Trust
related
$150,000 · Susan J Hunt
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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