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Property profile & analytics
OFF-MARKET
Estimated value
$14,975,000
Office buildings
9100 Shelbyville Rd Hurstbourne, KY 40222-5153
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0007576
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
88,156 SF
Lot
4.04 ac (175,852 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
22187700020000
UPID
US34-0007576
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
$18.69M
Comparable Approach
Comparable
$13.77M
Blend (final)
Blend
$14.98M
Owner & transaction history
Banyan Street Of Gap Paragon Plac · 11 yrs held
Banyan Street Of Gap Paragon Plac
since 2014
6 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Hurstbourne, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.4M
+28.8%
Auto repair, garage
$16.9M
+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 Hurstbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hurstbourne 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%
$20,240,000
6.5%
$18,685,000
7%
$17,350,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,085,000
Current use
RESTAURANT
$19,430,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,885,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$14.98M
Range $13.48M – $16.47M · ±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
$170 / 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
$124,558
Tax year 2023
Assessed value
$10,850,000
Assessed 2023
Previous assessed
$10,850,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,019,780
Assessed improvement
$9,830,220
Land market value
$1,019,780
Improvement market value
$9,830,220
Total market value
$10,850,000
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
1984
Heating
YES
Cooling
NONE
Stories
3
Total area
88,156 SF
Lot
4.04 ac (175,852 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
22187700020000
UPID
US34-0007576
Jurisdiction
JEFFERSON
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Hurstbourne, KYZoning OR3-OFFICE/RESIDENTIAL · permitted uses
OR3-OFFICE/RESIDENTIAL · Hurstbourne, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$15.1M
RESTAURANT
Est. value
$19.4M
AUTO REPAIR, GARAGE
Est. value
$16.9M
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
1984
Heating
YES
Cooling
Yes
Stories
3
Lot
4.04 ac
Current owner
From public records · entity-resolved
Banyan Street Of Gap Paragon Plac
Individual
Mailing address
122 N PETERSON AVE, LOUISVILLE, KY 40206-2385
Mailing matches property
Different — outreach signal
Owner-occupied
No
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 2, 2025
—
Yasmany Maqueira Aguiar
—
Deed
related
$10,000 · Lexington-fayette Urban County Gov
Oct 4, 2019
—
Paragon Place LLC
—
Deed
related
$3,000,000 · Miscellaneous Ins Co
Jul 30, 2018
—
140 Whittingtonparkway LLC
—
Deed
related
$3,440,000 · Fifth Third Bk
Dec 16, 2014
$7,000,000
Banyan Street Of Gap Paragon Plac
Paragon Owner Corp
Grant Deed
related
$210,700,000 · Parlex 5 Finco LLC
—
—
Paragon Place LLC
—
Deed Of Trust
related
$3,000,000 · Miscellaneous Ins Co
—
—
140 Whittingtonparkway LLC
—
Deed Of Trust
related
$3,440,000 · Fifth Third Bk
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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