Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7508 New La Grange Rd Ste, Unit 1 Norwood, KY 40222-4895
    Property profile & analytics

    7508 New La Grange Rd Ste, Unit 1, Norwood, KY 40222-4895

    View on Map
    • Office Spaces
    • 1,875 SF
    • 168.85 lot acres
    Off-Market
    Property ID
    US34-2394645
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 7508 New La Grange Rd Ste

    Year built
    2002
    Lot size
    168.85 lot acres
    Property type
    Office Spaces
    APN
    21345400010000
    APU
    21345400010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6136
    Latitude
    38.2529
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,518
    $0.00
    $219,380
    $219,380
    -
    $0.00
    $219,380
    $219,380

    Comparable in this City

    • Value Estimation by Request
      800 SF

      714 Lyndon Ln Ste, Unit 8

      CONDOMINIUM OFFICES
      714 Lyndon Ln Ste, Lyndon, KY 40222-4643
      View Details
    • Value Estimation by Request
      1,084 SF

      2321 Lime Kiln Ln

      CONDOMINIUM OFFICES
      2321 Lime Kiln Ln, Northfield, KY 40222-3410
      View Details
    • Value Estimation by Request
      78,017 SF

      4969 Us-42

      Office Spaces
      4969 Us-42, Northfield, KY 40222
      View Details
    • Value Estimation
      $1,045,000
      217.51 Acres

      8001 Lyndon Ctr Way Ste, Unit 101

      CONDOMINIUM OFFICES
      8001 Lyndon Ctr Way Ste, Lyndon, KY 40222-3601
      View Details
    • Value Estimation by Request
      898 SF

      8147 New La Grange Rd Ste, Unit 101

      CONDOMINIUM OFFICES
      8147 New La Grange Rd Ste, Lyndon, KY 40222-8630
      View Details
    • Value Estimation by Request
      0.03 Acres

      8000 Lyndon Ctr Way Ste, Unit 102

      CONDOMINIUM OFFICES
      8000 Lyndon Ctr Way Ste, Lyndon, KY 40222-3606
      View Details

    Similar Nearby for Sale

    • $1,700,000
      10,235 SF

      Multi-Tenant Office Building For Sale

      Two-building office property near Shelbyville Road and Hurstbourne Parkway.
      105 Lyndon Ln, Louisville, KY 40222
      View Details
    • $70,000
      0.11 Acres

      Lyndon, KY Land For Sale

      0.11 acre lot in Lyndon near shopping and dining.
      1311 Ormsby Ln, Lyndon, KY 40222
      View Details
    • Contact for pricing
      0.18 Acres

      Lyndon Land Opportunity

      Residential lot for sale in Lyndon, Kentucky.
      325 Camelia Ave, Lyndon, KY 40222
      View Details
    • $67,500
      0.13 Acres

      Land in Lyndon Area

      0.13 acre lot with easy access to amenities.
      1303 Ormsby Ln, Louisville, KY 40222
      View Details
    • Contact for pricing
      2,440 SF

      Freestanding Auto Repair Business

      Turnkey auto repair business with property for sale.
      600 Lyndon Ln, Louisville, KY 40222
      View Details
    • $67,500
      0.13 Acres

      Lyndon, KY Land For Sale

      0.13 acre lot in Lyndon area with easy access.
      1305 Ormsby Ln, Lyndon, KY 40222
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      14,483 SF

      Office Space Near Hurstbourne Lane

      Office space for rent with easy highway access.
      9505 Williamsburg Plz, Louisville, KY 40222
      View Details
    • $16 SF/Yr
      1,562 SF

      Suburban Office Space For Rent

      Office space in Louisville's premier suburban corridor, ample parking.
      320 Whittington Pkwy, Louisville, KY 40222
      View Details
    • $25 SF/Yr
      19,364 SF

      Office Space in Mixed-Use Development

      Office space for lease in a 27-acre mixed-use development.
      9300 Shelbyville Rd, Louisville, KY 40222
      View Details
    • Contact for pricing

      East End Office Building

      Well-located office building with walkable amenities in Louisville, KY.
      9000 Wessex Pl, Louisville, KY 40222
      View Details
    • $16 SF/Yr
      4,827 SF

      Hurstbourne Office Space For Rent

      Office space available in a sought-after Hurstbourne location.
      312 Whittington Pkwy, Hurstbourne, KY 40222
      View Details
    • $16 SF/Yr
      979 SF

      Suburban Office Space Available

      Conveniently located office space in Louisville's premier suburban corridor.
      9110 Leesgate Rd, Louisville, KY 40222
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7508 New La Grange Rd Ste, Unit 1
    Norwood, KY 40222-4895
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7508 New La Grange Rd Ste, Norwood, KY, 40222
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!