Financial
Distress signals
Property profile

118 5th St Covington, KY 41011

OFF-MARKET
Office buildings
Property ID
US34-0070868
11,900 SF 0.43 ac lot Built 1850
Last sale Aug 2021 · $780,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a three-story historic brick office building in central Covington, characterized by a prominent entrance and woodwork. It includes an adjacent parking lot and sits on a 0.4-acre lot. The business is zoned for business and office use. The available tenant area is configured as the entire second floor of the rear building, specifically units 2C and 2R, totaling approximately 3,528 square feet, and includes multiple private offices, two conference rooms, a mezzanine area with three

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$780k
Assessed land$200k
Assessed improvement$580k
Effective rate1.33%

Value estimate

· Sep 2026
$800k
$720k – $880k
AI approach$775k
Submarket $/SF estimate$1.07M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$105/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$62 – $141

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionKENTON

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.9
Locksmith9.4
Carpet & Flooring Store9.2

Location

118 5th St Covington, KY 41011-1481
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
521 Madison, Covington, KY 41011-1505 $220,000 Mar 2025 9,954 SF
405 Garrard, Covington, KY 41011-2511 $750,000 Sep 2022 5,698 SF
117 4th, Covington, KY 41011-1752 $788,000 Jun 2022 13,605 SF
421 Madison, Covington, KY 41011-1519 $853,000 Mar 2022 9,270 SF
412 Madison, Covington, KY 41011-1520 $1,225,000 Feb 2022 10,800 SF
1005 Madison, Covington, KY 41011-3113 $645,000 Oct 2021 6,938 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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