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Property profile & analytics
FOR LEASE
Office buildings
9400 Bunsen Pkwy Hurstbourne Acres, KY 40220
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0293677
For Lease
1 / 3
$19.50 SF/Yr
9400 Bunsen Pkwy, Hurstbourne Acres, KY 40220
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
52,456 SF
Lot
4.69 ac (204,296 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
22227900130000
UPID
US34-0293677
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
$11.12M
Comparable Approach
Comparable
$7.60M
Blend (final)
Blend
$9.36M
Owner & transaction history
Cnm Of Lyndon Farms LLC · 19 yrs held
Cnm Of Lyndon Farms LLC
since 2006
3 recorded transactions
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Hurstbourne Acres, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.6M
+67.6%
Auto repair, garage
$10.0M
+45.6%
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 Hurstbourne Acres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hurstbourne Acres 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%
$12,045,000
6.5%
$11,115,000
7%
$10,325,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,900,000
Current use
RESTAURANT
$11,565,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,045,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$6,675,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$9.36M
Range $8.42M – $10.30M · ±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
$178 / 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
$66,463
Tax year 2023
Assessed value
$5,690,300
Assessed 2023
Previous assessed
$5,690,300
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,433,460
Assessed improvement
$4,256,840
Land market value
$1,433,460
Improvement market value
$4,256,840
Total market value
$5,690,300
Applied tax rate
1.0000
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
For Lease
Year built
2002
Heating
YES
Cooling
NONE
Stories
2
Total area
52,456 SF
Lot
4.69 ac (204,296 SF)
Zoning code
OR3-OFFICE/RESIDENTIAL
APN
22227900130000
UPID
US34-0293677
Jurisdiction
JEFFERSON
Zoning & alternative use
OR3-OFFICE/RESIDENTIAL · Hurstbourne Acres, KY
Zoning OR3-OFFICE/RESIDENTIAL · permitted uses
OR3-OFFICE/RESIDENTIAL · Hurstbourne Acres, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hurstbourne Acres. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.9M
RESTAURANT
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.0M
RETAIL STORES
Est. value
$6.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2002
Heating
YES
Cooling
Yes
Stories
2
Lot
4.69 ac
Current owner
From public records · entity-resolved
Cnm Of Lyndon Farms LLC
Entity
Mailing address
8502 CHELTENHAM CIR, LOUISVILLE, KY 40222-5339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2006
—
Cnm Of Lyndon Farms LLC
—
Trustees Deed
related
$450,000 · John Rhodes
—
—
Cnm INC
—
Deed Of Trust
related
$750,000 · Central Bank Jefferson County
—
—
Cnm INC
—
Deed Of Trust
related
$3,249,100 · Central Bank Jefferson County
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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