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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Office buildings
1005 Madison Ave 7, Covington, KY 41011-3113
Entity Owned
4-yr Hold
Free & Clear
Property ID
US34-0406741
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1883
Total area
6,938 SF
Lot
0.31 ac (13,300 SF)
APN
054-24-02-004.00
UPID
US34-0406741
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
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$650k
Owner & transaction history
Ckd Robbins LLC · 4 yrs held
Ckd Robbins LLC
since 2021
Last sale
$645,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$915,000
+25.8%
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
$660,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$725,000
Current use
RESTAURANT
$915,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$610,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $645k (Oct 27 2021)
Last sale anchor
$645k
Oct 27 2021
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
$94 / 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
$7,393
Tax year 2023
Assessed value
$555,000
Assessed 2023
Previous assessed
$555,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$77,500
Assessed improvement
$477,500
Land market value
$77,500
Improvement market value
$477,500
Total market value
$555,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1883
Heating
NONE
Stories
2
Rooms
11
Bathrooms
1
Total area
6,938 SF
Lot
0.31 ac (13,300 SF)
APN
054-24-02-004.00
UPID
US34-0406741
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
OFFICE BUILDING Current
Est. value
$725,000
RESTAURANT
Est. value
$915,000
RETAIL STORES
Est. value
$610,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
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
1883
Heating
NONE
Stories
2
Rooms
11
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Ckd Robbins LLC
Entity
Free & Clear · 4 yrs held
Mailing address
25 W ROBBINS ST, COVINGTON, KY 41011-3005
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$645,000
Ckd Robbins LLC
Philip Taliaferro III
Warranty Deed
—
Oct 27, 2021
$370,500
Phillip Taliaferro III
Tmsck Propertics LLC
Warranty Deed
—
Jul 23, 2021
—
Philip Taliaferro III
Tmms Rentals
Warranty Deed
—
Sep 9, 2016
—
Tmsck Properties LLC
—
Trustees Deed
related
$275,000 · Central Bk
—
—
Tmsck Properties LLC
—
Deed Of Trust
related
$115,000 · Central Bk
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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