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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Commercial real estate
1 Sandbank Rd, Ludlow, KY 41016-1300
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-2281611
Property summary
AI-generated overview
Exceptional investment opportunity: This single-story, 83,682 square foot Class C warehouse in Ludlow, Kentucky, is available for sale at $4,184,000, representing a 10% cap rate. The property, built in 1980, sits on a 5.33-acre lot and features five loading docks, one drive-in door, and a ceiling height ranging from 20 to 25 feet. The warehouse space totals 79,402 square feet, complemented by 4,280 square feet of office space. Currently 100% vacant, this owner-user opportunity presents significant potential. The property boasts a wet sprinkler system and 1200 Amp electrical service. Its convenient location, just 2.6 miles from I-71/75 via Hwy Ave, offers easy access to major transportation routes and is near popular attractions including FC Cincinnati Stadium, Over-the-Rhine, Reds Stadium, and Bengals Stadium. The lease type is NNN, with the previous tenant, U.S. Nonwovens, having vacated on October 31, 2024. This presents a unique chance to acquire a substantial industrial property in a desirable location. The asking price per square foot is $50.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
75,527 SF
Lot
5.31 ac (231,216 SF)
APN
026-43-03-012.00
UPID
US34-2281611
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
$2.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Sandbank Commercial LLC · 4 yrs held
Sandbank Commercial LLC
since 2022
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ludlow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ludlow 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
$2,800,000
ML approach
$2,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±10% · vs last sale $3.10M (Jan 11 2022)
Last sale anchor
$3.10M
Jan 11 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
$39 / 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
$39,897
Tax year 2023
Assessed value
$3,100,000
Assessed 2023
Previous assessed
$3,100,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$286,200
Assessed improvement
$2,813,800
Land market value
$286,200
Improvement market value
$2,813,800
Total market value
$3,100,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
NONE
Total area
75,527 SF
Lot
5.31 ac (231,216 SF)
APN
026-43-03-012.00
UPID
US34-2281611
Jurisdiction
KENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Lot
5.31 ac
Current owner
From public records · entity-resolved
Sandbank Commercial LLC
Entity
Mailing address
2360 RTE 9TH 2ND STE #2, TOMS RIVER, NJ 08755-1929
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
$3,100,000
Sandbank Commercial LLC
Westside Capital LLC
Warranty Deed
$2,550,000 · American Bankers Insurance Company Of Fl
Jan 11, 2022
$300,000
Sandbank Commercial LLC
Eastside Capital LLC
Warranty Deed
—
May 7, 2008
$640,000
Westside Capital LLC
Univar USA INC
Grant Deed
related
$451,688 · Huntington National Bank
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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