Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    140 38Th St Covington, KY 41015

    • Parking lots & garages
    • 1.00 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Last Sale
    Mar 17, 2023
    $735,000
    Location Intelligence
    Property ID
    US34-0121274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 140 38Th St

    Lot size
    1.00 lot acres
    Property type
    Parking lots & garages
    APN
    056-14-07-001.03
    APU
    56140700103

    Description

    This Covington, Kentucky industrial property offers 24,600 square feet of versatile flex, manufacturing, and warehouse space, ideal for a variety of businesses. Located at 140 W 38th St, this single-story building sits on a 0.83-acre lot and is zoned SI. The property features two units, each priced at $750,000, totaling $1,500,000. The building boasts a 19-foot ceiling height, providing ample vertical space. Loading capabilities include two loading docks, enhancing operational efficiency. Additional features include convenient drive-in access points (one 20' wide x 16' tall, one 12' x 12', and one 12' x 16'), 34 x 20 column spacing for clear span, and eleven parking spaces. The property is divisible, offering 18,000 square feet and 6,600 square feet options. Gas heating is provided. This exceptional property presents a unique opportunity for businesses seeking a functional and strategically located industrial space in Kenton County, KY (APN: 056-14-07-001.02). The price per square foot is $60.98.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $765,000
      6.5%
      $710,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $845,000
      Geo Method
      $745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $735,000
      Retail
      $795,000
      Mixed-Use
      $745,000
      Hospitality
      $810,000
      Educational
      $910,000
      Residential Income
      $945,000
      Energy
      $845,000
      Income-Based Land
      $860,000
      Food Service
      $885,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5052
    Latitude
    39.0466
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,064
    $200,000
    $30,000
    $230,000
    -
    $200,000
    $30,000
    $230,000

    Comparable in this City

    • Value Estimation by Request
      0.34 Acres

      3601 Lincoln Ave, Unit 7

      PARKING LOT • 0.34 Acres
      3601 Lincoln Ave, Covington, KY 41015-1511
      View Details
    • Value Estimation by Request
      2.50 Acres

      3558 Lipscomb Rd

      PARKING GARAGE, PARKING STRUCTURE • 2.50 Acres
      3558 Lipscomb Rd, Latonia, KY 41015
      View Details
    • Value Estimation by Request
      0.09 Acres

      208 Southern Ave

      PARKING LOT • 0.09 Acres
      208 Southern Ave, Latonia, KY 41015
      View Details
    • Value Estimation by Request
      0.08 Acres

      3408 Rogers St

      PARKING LOT • 0.08 Acres
      3408 Rogers St, Covington, KY 41015-1174
      View Details
    • Value Estimation by Request
      0.25 Acres

      3709 Decoursey Ave, Unit 19

      PARKING LOT • 0.25 Acres
      3709 Decoursey Ave, Covington, KY 41015-1440
      View Details
    • Value Estimation by Request
      1,232 SF

      210 Southern Ave

      PARKING LOT • 1,232 SF
      210 Southern Ave, Latonia, KY 41015
      View Details

    Similar Nearby for Sale

    • $362,000
      0.06 Acres

      Latonia Retail Space: Prime Location

      Turnkey Retail Space, High Visibility, Northern KY
      3726 Winston Ave, Latonia, KY 41015
      View Details
    • $240,000
      1,990 SF

      Versatile Commercial Property in Covington

      Adaptable commercial space suitable for office, retail, or redevelopment.
      3612 Caroline Ave, Covington, KY 41015
      View Details
    • New
      $140,000
      2,051 SF

      Latonia Retail Space Available

      Neighborhood retail space in Latonia, KY, suitable for various businesses.
      4001 Decoursey Ave, Covington, KY 41015
      View Details
    • $425,000
      0.75 Acres

      Covington Shopping Center - $425K

      Vacant 0.75-acre shopping center
      3835 Winston Ave, Covington, KY 41015
      View Details
    • $234,900
      1,800 SF

      Updated Mixed-Use Covington Property

      Turnkey investment with commercial space and updated apartment.
      3627 Decoursey Ave, Covington, KY 41015
      View Details
    • $115,000
      1,275 SF

      Covington Turn-Key Convenience Store

      Ready-to-operate convenience store in Covington's Latonia neighborhood.
      301 W 34Th St, Covington, KY 41015
      View Details

    Similar Nearby for Lease

    • $4,053 /Mo
      66,054 SF

      Retail Space in Taylor Mill

      Retail space with existing infrastructure in high-traffic area.
      5113 Taylor Mill Rd, Taylor Mill, KY 41015
      View Details
    • Contact for pricing
      19,058 SF

      Retail Space in Latonia Centre

      Retail spaces available in Covington, KY, community center.
      4303-4387 Winston Ave, Covington, KY 41015
      View Details
    • $1,800 /Mo
      2,200 SF

      Latonia Commercial Space For Rent

      2200 SF commercial space in the heart of Latonia.
      3622 Decoursey Ave, Latonia, KY 41015
      View Details
    • Contact for pricing
      306,560 SF

      Industrial Space Near I-75/I-71

      306,560 SF industrial space with easy highway access.
      10409 Robert Spegal Rd, Independence, KY 41015
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    140 38Th St
    Covington, KY 41015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.