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    Property profile & analytics
    OFF-MARKET Estimated value $11,580,000
    Manufacturing properties

    667 Armory Pl, Louisville, KY 40202

    131,634 SF 3.62 ac lot Built 2003
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US34-2160900
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 667 Armory Pl, Louisville, KY 40202, presents a significant investment opportunity. The 135,785 square foot warehouse, built in 2001, features a two-story design and sits on a 3.81-acre lot (APN: 013K01500000). The building boasts impressive ceiling heights ranging from 20 to 70 feet, providing ample vertical space for various storage and operational needs. Five (5) loading docks, each measuring 9' x 10', are equipped with levelers and seals, ensuring efficient loading and unloading operations. The property is zoned C-3 and offers superb access to the city's central location, with excellent ingress and egress. While additional parking is TBD, there are additional parking lots on the south side of Broadway. This property is also available for purchase with the adjacent 525 West Broadway property for a combined price of $7,000,000. This represents a substantial price reduction from the previous asking price of $13,250,000. The asking price for this individual property is $3,300,000, translating to $24.30 per square foot. This is a rare opportunity to acquire a well-located, spacious industrial warehouse in a thriving Kentucky market.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 2003
    Total area 131,634 SF
    Lot 3.62 ac (157,774 SF)
    Zoning code C3-CENTRAL BUSINESS
    APN 03013K01500000
    UPID US34-2160900
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.55M
    CAP Approach CAP
    $12.12M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $11.58M
    Owner & transaction history
    525 W Broadway Louisville Ky LLC · 3 yrs held
    525 W Broadway Louisville Ky LLC
    since 2022
    Last sale
    $11.4M
    1 recorded transaction
    2022
    $11.4M
    Zoning & alternative use
    C3-CENTRAL BUSINESS · Louisville, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $16.8M +146.9%
    Office building $13.5M +99.3%
    Commercial (general) $10.0M +46.7%
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