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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Schools
9401 Ml Brk Rd Louisville, KY 40223-4001
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US34-0313636
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2006
Total area
11,319 SF
Lot
2.45 ac (106,722 SF)
Zoning code
PRO-PLANNED RESEARCH/OFFI
APN
21260601050000
UPID
US34-0313636
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
-
The Gardner School of Louisville High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.42M
Owner & transaction history
Jfc Prop-6 LLC|kic Prop-6 LLC · 11 yrs held
Jfc Prop-6 LLC|kic Prop-6 LLC
since 2015
3 recorded transactions
Zoning & alternative use
PRO-PLANNED RESEARCH/OFFI · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+144.9%
Office building
$1.6M
+84.7%
Retail stores
$1.4M
+62.7%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$885,000
Current use
AUTO REPAIR, GARAGE
$2,170,000
Change: +145% · Conversion: Difficult
OFFICE BUILDING
$1,635,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$1,440,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$855,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±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
$125 / 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
$27,508
Tax year 2023
Assessed value
$2,396,150
Assessed 2023
Previous assessed
$2,396,150
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$932,760
Assessed improvement
$1,463,390
Land market value
$932,760
Improvement market value
$1,463,390
Total market value
$2,396,150
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
1
Total area
11,319 SF
Lot
2.45 ac (106,722 SF)
Zoning code
PRO-PLANNED RESEARCH/OFFI
APN
21260601050000
UPID
US34-0313636
Jurisdiction
JEFFERSON
Zoning & alternative use
PRO-PLANNED RESEARCH/OFFI · Louisville, KY
Zoning PRO-PLANNED RESEARCH/OFFI · permitted uses
PRO-PLANNED RESEARCH/OFFI · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$855,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2006
Heating
YES
Cooling
Yes
Stories
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
Jfc Prop-6 LLC|kic Prop-6 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
302 INNOVATION DR STE #130, FRANKLIN, TN 37067-6014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Apr 20, 2017
—
Tgs Holdings LLC
—
Trustees Deed
related
$3,000,000 · Pinnacle Bk
Jan 9, 2015
$3,486,000
Jfc Prop-6 LLC|kic Prop-6 LLC
Gregel School Property I LLC
Grant Deed
—
—
—
Gregel School Property I LLC
—
Deed Of Trust
related
$1,275,000 · Republic Bk&tr
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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