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Property profile & analytics
OFF-MARKET
Estimated value
$14,225,000
Showrooms
9001 Cane Run Rd, Louisville, KY 40258-1877
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US34-2303281
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Total area
212,116 SF
Lot
13.89 ac (605,092 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
25289501550000
UPID
US34-2303281
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
-
Performance Team - Louisville Postal Service Courier Service
-
Hydra Warehouseing Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.64M
Blend (final)
Blend
$14.23M
Owner & transaction history
Aireit Trade Port Dc III LLC · 2 yrs held
Aireit Trade Port Dc III LLC
since 2024
6 recorded transactions
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
COMMERCIAL (GENERAL)
$16,040,000
Current use
WAREHOUSE, STORAGE
$15,490,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$14.23M
Range $12.80M – $15.65M · ±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
$67 / 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
$128,510
Tax year 2023
Assessed value
$10,727,010
Assessed 2023
Previous assessed
$9,700,000
+10.6% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,039,910
Assessed improvement
$9,687,100
Land market value
$1,039,910
Improvement market value
$9,687,100
Total market value
$10,727,010
Applied tax rate
9.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Heating
YES
Cooling
YES
Stories
1
Total area
212,116 SF
Lot
13.89 ac (605,092 SF)
Zoning code
EZ1-ENTERPRISE ZONE
APN
25289501550000
UPID
US34-2303281
Jurisdiction
JEFFERSON
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Zoning EZ1-ENTERPRISE ZONE · permitted uses
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$16.0M
WAREHOUSE, STORAGE
Est. value
$15.5M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1998
Heating
YES
Cooling
Yes
Stories
1
Lot
13.89 ac
Current owner
From public records · entity-resolved
Aireit Trade Port Dc III LLC
Entity
Mailing address
3520 PIEDMONT RD NE STE #410, ATLANTA, GA 30305-1512
Ownership since
2024
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
Jun 12, 2024
—
Aireit Trade Port Dc III LLC
Aireit 2024 P2 LLC
Special Warranty Deed
$590,000,000 · Jpmorgan Chase Bank NA
Jun 11, 2024
—
Aireit 2024 P2 LLC
Aireit Operating Partnership LP
Special Warranty Deed
—
Jun 10, 2024
—
Aireit Portfolio II Dst Holder LLC
Aireit Memphis Dc LLC
Special Warranty Deed
—
Apr 27, 2016
$9,700,000
Ipt Trade Port Dc III LLC
Bt 1 Louisville LLC
Grant Deed
—
Aug 2, 2013
$7,650,000
Bt 1 Louisville LLC
Ga Cane Run Road LLC
Grant Deed
$5,640,000 · Rga Reinsurance Co
—
—
Cane Run Road Investors LLC
—
Loan Modification
related
$12,875,000 · Principal Life Insurance Co
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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