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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Office buildings
7880 Foundation Dr Florence, KY 41042-3047
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US34-2394753
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
10,000 SF
Lot
1.91 ac (83,200 SF)
APN
017-10-00-023.01
UPID
US34-2394753
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
-
Angstrom Technologies Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$950k
Owner & transaction history
C5 Elsmere LLC · 5 yrs held
C5 Elsmere LLC
since 2020
Last sale
$10,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+5.3%
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,250,000
Current use
RESTAURANT
$1,315,000
Change: +5% · Conversion: Moderate
RETAIL STORES
$1,230,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $10k (Oct 6 2020)
Last sale anchor
$10k
Oct 6 2020
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
$95 / 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
$6,324
Tax year 2023
Assessed value
$499,500
Assessed 2023
Previous assessed
$465,000
+7.4% YoY
Effective rate
1.27%
On assessed value
Assessed land
$124,500
Assessed improvement
$375,000
Land market value
$124,500
Improvement market value
$375,000
Total market value
$499,500
Applied tax rate
12.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Heating
NONE
Total area
10,000 SF
Lot
1.91 ac (83,200 SF)
APN
017-10-00-023.01
UPID
US34-2394753
Jurisdiction
KENTON
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
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
1983
Heating
NONE
Lot
1.91 ac
Current owner
From public records · entity-resolved
C5 Elsmere LLC
Entity
Mailing address
7880 FOUNDATION DR, FLORENCE, KY 41042-3047
Ownership since
2020
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
Oct 6, 2020
$10,000
C5 Elsmere LLC
Angstrom Technologies INC
Grant Deed
—
Oct 6, 2020
—
Angstrom Technologies INC
C5 Elsmere LLC
Grant Deed
related
—
Apr 9, 2019
—
Angstrom Technologies INC
—
Deed
related
$155,525 · First Cmnwlt Bk
Apr 30, 2009
$402,500
Angstrom Technologies INC
Dct Jamike Ky LLC
Grant Deed
—
Jun 16, 2006
$7,096,000
Dct Jamike Ky LLC
Cabot Industrial Venture B LLC
Grant Deed
—
—
—
Angstrom Technologies INC
—
Deed Of Trust
related
$155,525 · First Cmnwlt Bk
—
—
Angstrom Technologies INC
—
Deed Of Trust
related
$277,500 · Us Bank NA
—
—
Angstrom Technologies INC
—
Deed Of Trust
related
$260,000 · Bank Of Kentucky
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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