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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Office buildings
9117 Leesgate Rd Hurstbourne, KY 40222-5072
Individually Owned
5-yr Hold
Free & Clear
Property ID
US34-0266843
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
12,348 SF
Lot
1.66 ac (72,310 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
22187700040000
UPID
US34-0266843
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.39M
Owner & transaction history
Mfic Ents · 5 yrs held
Mfic Ents
since 2020
7 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Hurstbourne, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,115,000
Current use
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±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
$112 / 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
$12,755
Tax year 2023
Assessed value
$1,111,040
Assessed 2023
Previous assessed
$1,111,040
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$309,610
Assessed improvement
$801,430
Land market value
$309,610
Improvement market value
$801,430
Total market value
$1,111,040
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
1980
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
YES
Stories
2
Total area
12,348 SF
Lot
1.66 ac (72,310 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
22187700040000
UPID
US34-0266843
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
$2.1M
OFFICE BUILDING Current
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
1980
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
Mfic Ents
Individual
Free & Clear · 5 yrs held
Mailing address
9117 LEESGATE RD, LOUISVILLE, KY 40222-5072
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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 14, 2020
—
Mfic Ents
—
Deed
related
—
Sep 16, 2019
—
Mfic Ents
—
Deed
related
—
Sep 25, 2018
—
Mfic Ents
—
Deed
related
$300,000 · Branch Bk&tr
Sep 4, 2018
—
Mfic Ents
—
Deed
related
—
—
—
Mfic Ents
—
Loan Modification
related
—
—
—
Mfic Ents
—
Deed Of Trust
related
$150,000 · Branch Banking & Trust Co
—
—
Mfic Ents
—
Deed Of Trust
related
$300,000 · Branch Bk&tr
—
—
Mfic Ents
—
Loan Modification
related
—
—
—
Mfic Ents
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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