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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7901 3rd St Rd Louisville, KY 40214-5571

    • Warehouses
    • 3,640 SF
    • 2.06 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US34-0265638
    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.

    Current Use by Public Records

    • Allstar cheer Academy / Gymnastics Club / Sports Club
    • Roadhouse Window Tinting / Window Tinting Service
    • Pro Detailing & Car Cleanup / Window Tinting Service / Car Wash
    • All American Oxygen / Medical Equipment Supplier
    • CCA Cheer Central Athletics / Sports Club

    Property Details for 7901 3rd St Rd

    Year built
    1987
    Lot size
    2.06 lot acres
    Property size
    3,640 SF
    Zone code
    M1-INDUSTRIAL
    Property type
    Warehouses
    APN
    24104404300000
    APU
    24104404300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $323,000
      Market price range: $74.0k - $324k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $265,000
      Current use
      RETAIL STORES
      $285,000
      Change: +8% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $275,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7908
    Latitude
    38.131
    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
    $4,848
    $174,670
    $266,820
    $441,490
    -
    $174,670
    $266,820
    $441,490

    Comparable in this City

    • Value Estimation
      $255,000
      0.33 Acres

      207 Eiler Ave

      WAREHOUSE, STORAGE • 0.33 Acres
      207 Eiler Ave, Louisville, KY 40214-2924
      View Details
    • Value Estimation
      $265,000
      2,750 SF

      7112 Gerber Ave

      WAREHOUSE, STORAGE • 2,750 SF
      7112 Gerber Ave, Louisville, KY 40214-3724
      View Details
    • Value Estimation
      $905,000
      283,712 SF

      6001 National Tpke

      WAREHOUSE, STORAGE • 283,712 SF
      6001 National Tpke, Louisville, KY 40214-4541
      View Details
    • Value Estimation
      $815,000
      104,437 SF

      7753 National Tpke

      WAREHOUSE, STORAGE • 104,437 SF
      7753 National Tpke, Louisville, KY 40214-4803
      View Details
    • Value Estimation
      $405,000
      13,040 SF

      458 Roberts Ave

      WAREHOUSE, STORAGE • 13,040 SF
      458 Roberts Ave, Louisville, KY 40214-3002
      View Details
    • Value Estimation
      $650,000
      1,260 SF

      7818 Saint Andrews Church Rd

      MINI-WAREHOUSE, STORAGE • 1,260 SF
      7818 Saint Andrews Church Rd, Louisville, KY 40214-3853
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,000 SF

      Louisville Industrial Center Building

      Industrial building in central Louisville with strategic regional distribution location.
      7777 National Tpke, Louisville, KY 40214
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    • $945,000

      2.10 Acre Site For Sale

      2.10 acre site with frontage on New Cut Rd.
      5862 New Cut Rd, Louisville, KY 40214
      View Details
    • $45,000
      0.20 Acres

      Residential Lot in Louisville, KY

      0.20 acre lot in Woods Of Iroquois Heights.
      6208 Cottage Ridge Pl, Louisville, KY 40214
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    • $858,000
      33.00 Acres

      33-Acre Louisville Development Land

      Prime R-4 zoned land, high visibility.
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    • $4,900,000
      18,697 SF

      Colonial Gardens: Louisville Restaurant

      Fully Leased Restaurant Portfolio, High Visibility
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    • $2,300,000
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      Prime Louisville Retail Opportunity

      11,100 SF Former Rite Aid, High Traffic
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      406,640 SF

      Prime Industrial Space in Louisville

      406,640 sq ft industrial space near transport hubs.
      7865 National Tpke, Louisville, KY 40214
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    • Contact for pricing
      144,900 SF

      Warehouse/Distribution Space in Louisville

      Warehouse/Distribution space for lease in Louisville Industrial Center.
      7725 National Tpke, Louisville, KY 40214
      View Details
    • Contact for pricing
      100,000 SF

      Louisville Warehouse Space Available

      100,000 SF warehouse space for lease in Louisville, KY.
      8055 National Tpke, Louisville, KY 40214
      View Details
    • Contact for pricing
      90,000 SF

      Industrial Space Available For Rent

      Industrial space for rent featuring ample parking and LED lighting.
      8169-8183 National Tpke, Louisville, KY 40214
      View Details
    • Contact for pricing
      81,280 SF

      Louisville Industrial Center Warehouse Space

      Warehouse space in Louisville Industrial Center, available December 2022.
      7201 National Tpke, Louisville, KY 40214
      View Details
    • Contact for pricing
      47,000 SF

      Industrial Space in Louisville Center

      47,000 SF industrial space available for immediate occupancy.
      7635 National Tpke, Louisville, KY 40214
      View Details
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    7901 3rd St Rd
    Louisville, KY 40214-5571
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    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
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