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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Warehouses
8711 Westport Rd Plantation, KY 40242-3127
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US34-0354336
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
6,181 SF
Lot
1.9 ac (82,590 SF)
Zoning code
CM-COMMERCIAL MANUFACTURI
APN
21W00100950000
UPID
US34-0354336
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
$405k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$610k
Owner & transaction history
Westport Mini Storage LLC · 12 yrs held
Westport Mini Storage LLC
since 2014
6 recorded transactions
Zoning & alternative use
CM-COMMERCIAL MANUFACTURI · Plantation, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$785,000
+74.3%
Office building
$720,000
+59.5%
Commercial (general)
$465,000
+3.6%
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 Plantation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plantation 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$450,000
Current use
RETAIL STORES
$785,000
Change: +74% · Conversion: Moderate
OFFICE BUILDING
$720,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$465,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$99 / 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
$21,530
Tax year 2023
Assessed value
$1,875,460
Assessed 2023
Previous assessed
$1,875,460
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$568,890
Assessed improvement
$1,306,570
Land market value
$568,890
Improvement market value
$1,306,570
Total market value
$1,875,460
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
YES
Cooling
NONE
Buildings
7
Stories
2
Total area
6,181 SF
Lot
1.9 ac (82,590 SF)
Zoning code
CM-COMMERCIAL MANUFACTURI
APN
21W00100950000
UPID
US34-0354336
Jurisdiction
JEFFERSON
Zoning & alternative use
CM-COMMERCIAL MANUFACTURI · Plantation, KY
Zoning CM-COMMERCIAL MANUFACTURI · permitted uses
CM-COMMERCIAL MANUFACTURI · Plantation, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plantation. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$450,000
RETAIL STORES
Est. value
$785,000
OFFICE BUILDING
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$465,000
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1985
Heating
YES
Cooling
Yes
Stories
2
Buildings
7
Lot
1.9 ac
Current owner
From public records · entity-resolved
Westport Mini Storage LLC
Entity
Mailing address
8711 WESTPORT RD, LOUISVILLE, KY 40242-3127
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2019
—
Mini Storage Depot On Greenwood Rd LLC
—
Grant Deed
related
$19,500,000 · First Merchants Bk
Feb 20, 2014
$800,000
Westport Mini Storage LLC
Leslie J Merrihew
Grant Deed
$600,000 · Stockyard Bk&tr
Feb 20, 2014
—
Leslie J Merrihew
Davis Family Wealth Trust
Quit Claim Deed
related
—
Dec 5, 2011
—
Davis Family Trust
Davis Robert L
Quit Claim Deed
related
—
—
—
Westport Mini Storage LLC
—
Loan Modification
related
$600,000 · Stockyard Bk&tr
—
—
Westport Mini Storage LLC
—
Loan Modification
related
$674,425 · 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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