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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Sports & entertainment properties
716 Broadway Louisville, KY 40202-1712
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US34-0327852
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1925
Total area
5,584 SF
Lot
0.32 ac (14,000 SF)
Zoning code
C2-COMMERCIAL
APN
09021B02180000
UPID
US34-0327852
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
-
Juliann Benson Physician
-
Ronald Hale Physician
-
Amy Alexander Physician
-
Jennifer Hardin Physician
-
Burtnett William S MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Mbr Louisville Broadway Property Ll · 2 yrs held
Mbr Louisville Broadway Property Ll
since 2023
Last sale
$780,000
7 recorded transactions
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$515,000
+49.4%
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
$650,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$515,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $780k (Oct 26 2023)
Last sale anchor
$780k
Oct 26 2023
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
$116 / 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
$5,033
Tax year 2023
Assessed value
$375,000
Assessed 2023
Previous assessed
$375,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$230,870
Assessed improvement
$144,130
Land market value
$230,870
Improvement market value
$144,130
Total market value
$375,000
Applied tax rate
23.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1925
Heating
YES
Cooling
NONE
Stories
2
Total area
5,584 SF
Lot
0.32 ac (14,000 SF)
Zoning code
C2-COMMERCIAL
APN
09021B02180000
UPID
US34-0327852
Jurisdiction
JEFFERSON
Zoning & alternative use
C2-COMMERCIAL · Louisville, KYZoning C2-COMMERCIAL · permitted uses
C2-COMMERCIAL · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$515,000
AUTO REPAIR, GARAGE
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
1925
Heating
YES
Cooling
Yes
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mbr Louisville Broadway Property Ll
Entity
Mailing address
201 N MAIN ST STE #300, SAINT CHARLES, MO 63301-2878
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
—
Mbr Louisville Broadway Property Ll
—
Deed
related
$1,037,600 · Wilson & Muir Bank & Trust Co
Oct 26, 2023
$780,000
Mbr Louisville Broadway Property Ll
716 Broadway Partners LLC
Deed
$624,000 · Wilson & Muir Bank & Trust Co
Sep 21, 2018
$375,000
716 Broadway Partners LLC
Hh Properties LLC
Warranty Deed
$300,000 · First Harrison Bk
Feb 8, 2017
—
Hh Properties LLC
—
Deed
related
$500,000 · Stockyard Bk&tr
Nov 23, 2016
—
Hh Properties LLC
—
Deed
related
$9,590,375 · Stockyard Bk&tr
Dec 30, 2015
—
Hh Properties LLC
—
Trustees Deed
related
$250,000 · Stockyard Bk&tr
Jul 1, 2013
$235,000
Hh Properties LLC
Hicks,madeline M
Warranty Deed
—
—
—
Hh Properties LLC
—
Deed Of Trust
related
$6,250,000 · Westlake Flooring Co LLC
—
—
Hh Properties LLC
—
Deed Of Trust
related
$9,340,375 · Stockyard Bk&tr
—
—
Hh Properties LLC
—
Loan Modification
related
$9,590,375 · Stockyard Bk&tr
—
—
Hh Properties LLC
—
Loan Modification
related
$500,000 · Stockyard Bk&tr
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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