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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Office buildings
8401 Shelbyville Rd Lyndon, KY 40222-5586
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US34-0322194
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
9,252 SF
Lot
0.6 ac (26,140 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
21025900240040
UPID
US34-0322194
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.55M
Owner & transaction history
Mcbride Inv · 6 yrs held
Mcbride Inv
since 2019
7 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Lyndon, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+28.8%
Auto repair, garage
$1.8M
+11.9%
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 Lyndon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lyndon 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%
$2,125,000
6.5%
$1,960,000
7%
$1,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,585,000
Current use
RESTAURANT
$2,040,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,770,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10%
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
$167 / 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
$12,671
Tax year 2023
Assessed value
$1,103,710
Assessed 2023
Previous assessed
$1,103,710
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$321,100
Assessed improvement
$782,610
Land market value
$321,100
Improvement market value
$782,610
Total market value
$1,103,710
Applied tax rate
26.0000
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
1986
Heating
YES
Cooling
YES
Stories
2
Total area
9,252 SF
Lot
0.6 ac (26,140 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
21025900240040
UPID
US34-0322194
Jurisdiction
JEFFERSON
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Lyndon, KY
Zoning OR3-OFFICE/RESIDENTIAL · permitted uses
OR3-OFFICE/RESIDENTIAL · Lyndon, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lyndon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
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
1986
Heating
YES
Cooling
Yes
Stories
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Mcbride Inv
Individual
Free & Clear · 6 yrs held
Mailing address
120 BLANKENBAKER LN, LOUISVILLE, KY 40207-1726
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2020
—
Security Investment Group LLC
—
Deed
related
$690,000 · L&n FCU
Sep 3, 2019
$140,000
Mcbride Inv
Pennymac Ln Svcs LLC
Grant Deed
—
May 8, 2018
$138,500
Pable M Diaz
Charity M Dawson
Grant Deed
—
Mar 7, 2005
$929,000
Security Investment Group LLC
Nicklies,david W & Janet F
Grant Deed
related
$600,000 · Sterling Bank
—
—
Security Investment Group LLC
—
Deed Of Trust
related
$711,000 · L&n FCU
—
—
Security Investment Group LLC
—
Deed Of Trust
related
$600,000 · King Southern Bank
—
—
Security Investment Group LLC
—
Deed Of Trust
related
$725,000 · L & N FCU
—
—
Payne,patrick D
—
Deed Of Trust
related
$10,050 · Huntington Nat'l Bk
—
—
Security Investment Group LLC
—
Deed Of Trust
related
$690,000 · L&n FCU
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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