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Property profile & analytics
OFF-MARKET
Estimated value
$31,720,000
Commercial real estate
10 Rivercenter Blvd Covington, KY 41011-1463
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0248776
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
256,000 SF
APN
854-14-00-001.04
UPID
US34-0248776
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
-
Cardtronics ATM Atm
-
Mash & Oak Restaurant
-
Elegant Carriage Travel Agency
-
Skyline chili Restaurant
-
Cinci Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$40.77M
Comparable Approach
Comparable
$29.13M
Blend (final)
Blend
$31.72M
Owner & transaction history
Ap/aim Rivercenter Landmark Ll · 13 yrs held
Ap/aim Rivercenter Landmark Ll
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$33.7M
+65.9%
Office building
$26.8M
+31.9%
Retail stores
$22.6M
+11.1%
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 Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covington 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%
$44,160,000
6.5%
$40,765,000
7%
$37,850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,310,000
Current use
RESTAURANT
$33,685,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$26,780,000
Change: +32% · Conversion: Easy
RETAIL STORES
$22,570,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$20,880,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$19,975,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$31.72M
Range $28.55M – $34.89M · ±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
$124 / 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
$336,964
Tax year 2023
Assessed value
$25,297,600
Assessed 2023
Previous assessed
$25,297,600
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed improvement
$25,297,600
Improvement market value
$25,297,600
Total market value
$25,297,600
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Heating
NONE
Total area
256,000 SF
APN
854-14-00-001.04
UPID
US34-0248776
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$20.3M
RESTAURANT
Est. value
$33.7M
OFFICE BUILDING
Est. value
$26.8M
RETAIL STORES
Est. value
$22.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.9M
AUTO REPAIR, GARAGE
Est. value
$20.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2000
Heating
NONE
Current owner
From public records · entity-resolved
Ap/aim Rivercenter Landmark Ll
Individual
Mailing address
4600 FULLER DR #100, IRVING, TX 75038-6551
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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 1, 2013
—
Ap/aim Rivercenter Landmark Ll
—
Deed Of Trust
related
$265,000,000 · J P Morgan Chase Bank
Aug 22, 2007
—
Ap Of Aim Rivercenter Landmark Ll
—
Deed Of Trust
related
$264,740,500 · Bear Stearns Commercial Mtg
—
—
Rivercenter Landlord LLC
—
Deed Of Trust
related
$40,000,000 · Aggregator Grand Ave Ptrs LP
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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