Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    900 Baxter Ave Louisville, KY 40204-2047
    Back to Search
    Property profile & analytics

    900 Baxter Ave, Louisville, KY 40204-2047

    View on Map
    • Hotels
    • 33,185 SF
    • 0.84 lot acres
    Off-Market
    Property ID
    US34-2312713
    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
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Omega National Products / Logistics Company
    • Myriad Swim Club / Grocery & Convenience Store / Food Market
    • Paseo / Restaurant
    • The Myriad Hotel, Common Bond Hotel Collection / Hotel & Motel
    • Switchboard / Bar & Pub

    Property Details for 900 Baxter Ave

    Year built
    1908
    Lot size
    0.84 lot acres
    Zone code
    (C2)COMMERCIAL OVERLAY
    Property type
    Hotels
    Property subtype
    Motels
    APN
    09021K00960097
    APU
    09021K00960097

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 27, 2025 — 900 Baxter LLC — Deed · related $1.4M · The Paducah Bank & Trust Co
    Jan 11, 2021 — Baxter LLC — Deed · related $1.4M · Mt Washington Commons LLC
    Dec 20, 2019 — 900 Baxter LLC 900 Baxter LLC Quit Claim Deed · related —
    Dec 20, 2019 $1,432,000 900 Baxter LLC Mt Washington Commons LLC Warranty Deed $1.3M · Mt Washington Commons LLC
    — — Baxter LLC — Loan Modification · related $1.4M · Mt Washington Commons LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $931,000
      Market price range: $385k - $1.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7265
    Latitude
    38.2423
    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
    $53,219
    $1,283,100
    $2,682,540
    $3,965,640
    -
    $1,283,100
    $2,682,540
    $3,965,640

    Comparable in this City

    • Value Estimation
      $1,105,000
      0.36 Acres

      1300 Bardstown Rd

      HOTEL/MOTEL
      1300 Bardstown Rd, Louisville, KY 40204
      View Details
    • Value Estimation by Request
      0.10 Acres

      756 Logan St

      VACANT COMMERCIAL LAND
      756 Logan St, Louisville, KY 40204-1851
      View Details
    • Value Estimation by Request
      0.04 Acres

      1315 Breckinridge St

      HOMES (RETIRED, NURSING)
      1315 Breckinridge St, Louisville, KY 40204-2707
      View Details
    • Value Estimation by Request
      0.08 Acres

      749 Brent St

      OFFICE BUILDING
      749 Brent St, Louisville, KY 40204-1829
      View Details
    • Value Estimation by Request
      0.08 Acres

      755 Brent St

      OFFICE BUILDING
      755 Brent St, Louisville, KY 40204-1829
      View Details
    • Value Estimation by Request
      0.09 Acres

      1023 Muhammad Ali Blvd

      VACANT COMMERCIAL LAND
      1023 Muhammad Ali Blvd, Louisville, KY 40204-1044
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      49,463 SF

      Louisville Mixed-Use Redevelopment Opportunity

      Urban core property with redevelopment potential in Louisville, Kentucky.
      930 Mary St, Louisville, KY 40204
      View Details
    • $350,000
      1,751 SF

      Shelby Park Triplex Investment Opportunity

      Well-located triplex near Logan Street Market with strong investment potential.
      1103 Logan St, Louisville, KY 40204
      View Details
    • Contact for pricing

      Louisville Highlands Development Opportunity

      11.15 acres in Louisville Highlands neighborhood, zoned C-2.
      1250 Bardstown Rd, Louisville, KY 40204
      View Details
    • $399,000
      2,734 SF

      Highlands Duplex on Deep Corner

      Highlands duplex with stable leases and upgraded interiors.
      1100 Baxter Ave, Louisville, KY 40204
      View Details
    • Contact for pricing

      Louisville Highlands Mixed-Use Development Opportunity

      11.15 acres in Louisville Highlands neighborhood, zoned C-2.
      1250 Bardstown Rd, Louisville, KY 40204
      View Details
    • $1,000,000
      8,550 SF

      Cherokee Road Apartment Building

      Six-unit apartment building in Louisville's Cherokee Triangle.
      1224 Cherokee Rd, Louisville, KY 40204
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      5,000 SF

      Bardstown Road Mixed-Use Opportunity

      High-visibility retail/restaurant space with residential income potential.
      1328 Bardstown Rd, Louisville, KY 40204
      View Details
    • Contact for pricing
      7,182 SF

      Spacious Retail Space on Barret

      Large retail space with high ceilings and exposed brick.
      614 Barret Ave, Louisville, KY 40204
      View Details
    • Contact for pricing

      Creative Space with Exposed Timber

      Open floor plan with warehouse windows and timber framing.
      414 Baxter Ave, Louisville, KY 40204
      View Details
    • Contact for pricing

      Retail/Industrial Space Available

      Single tenant retail/industrial space available for rent.
      915 E Liberty St, Louisville, KY 40204
      View Details
    • Contact for pricing

      Louisville Commercial Office & Warehouse

      Commercial office and warehouse space for lease in Louisville.
      1344 Ellison Ave, Louisville, KY 40204
      View Details
    • $18 SF/Yr
      5,300 SF

      Medical Office Freestanding Building

      5,300 SF medical office building for lease in Louisville.
      927 E Broadway, Louisville, KY 40204
      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.
    900 Baxter Ave
    Louisville, KY 40204-2047
    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
    900 Baxter Ave, Louisville, KY, 40204
    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!