New search
Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Retail space
9412 Norton Cmns Blvd, Prospect, KY 40059-7518
Trust Owned
4-yr Hold
Free & Clear
Property ID
US34-0231130
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
4,920 SF
Lot
0.06 ac (2,405 SF)
Zoning code
PVD-PLANNED VILLAGE DEV
APN
21367601020000
UPID
US34-0231130
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
$675k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$680k
Owner & transaction history
Greenberg Investment Trust LLC · 4 yrs held
Greenberg Investment Trust LLC
since 2022
Last sale
$685,000
7 recorded transactions
Zoning & alternative use
PVD-PLANNED VILLAGE DEV · Prospect, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+44.5%
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 Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prospect 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
$670,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
RETAIL STORES
$630,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$575,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $685k (Apr 21 2022)
Last sale anchor
$685k
Apr 21 2022
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
$138 / 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
$7,932
Tax year 2023
Assessed value
$685,000
Assessed 2023
Previous assessed
$699,750
-2.1% YoY
Effective rate
1.16%
On assessed value
Assessed land
$100,930
Assessed improvement
$584,070
Land market value
$100,930
Improvement market value
$584,070
Total market value
$685,000
Applied tax rate
20.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
YES
Cooling
YES
Stories
3
Total area
4,920 SF
Lot
0.06 ac (2,405 SF)
Zoning code
PVD-PLANNED VILLAGE DEV
APN
21367601020000
UPID
US34-0231130
Jurisdiction
JEFFERSON
Zoning & alternative use
PVD-PLANNED VILLAGE DEV · Prospect, KY
Zoning PVD-PLANNED VILLAGE DEV · permitted uses
PVD-PLANNED VILLAGE DEV · Prospect, KY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Prospect. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$910,000
OFFICE BUILDING
Est. value
$575,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2007
Heating
YES
Cooling
Yes
Stories
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Greenberg Investment Trust LLC
Trust
Free & Clear · 4 yrs held
Mailing address
PO BOX 251, CRESTWOOD, KY 40014-0251
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
$685,000
Greenberg Investment Trust LLC
Marybeths Window Fashions Propertie
Deed
—
May 26, 2020
—
Marybeths Window Fashions Prop
—
Deed
related
$1,536,991 · First Nat'l Bk/kentucky
Apr 3, 2019
—
Fashions Properties LLC
—
Deed
related
$128,148 · First Nat'l Bk/kentucky
Feb 1, 2013
$475,000
Marybeths Window Fashions Prop
Builders Group Norton Commons
Grant Deed
$330,000 · Pnc Bank
Jun 18, 2007
$48,500
Builders Group Norton Commons
Norton Commons LLC
Grant Deed
related
$400,000 · Pbi Bank INC
—
—
Fashions Properties LLC
—
Deed Of Trust
related
$128,148 · First Nat'l Bk/kentucky
—
—
Builders Group Norton Commons
—
Deed Of Trust
related
$77,059 · Vittitow Cabinet Shop INC
—
—
Marybeths Window Fashions Prop
—
Deed Of Trust
related
$1,536,991 · First Nat'l Bk/kentucky
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?”
You own 9412 Norton Cmns Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
