Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1016 Mary Laidley Dr Covington, KY 41017-9527
    Property profile & analytics

    1016 Mary Laidley Dr, Covington, KY 41017-9527

    View on Map
    • Retail space
    • 9,578 SF
    • 1.26 lot acres
    Off-Market
    Property ID
    US34-2278873
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1016 Mary Laidley Dr

    Year built
    2013
    Lot size
    1.26 lot acres
    Property type
    Retail space
    APN
    044-00-00-004.01
    APU
    44000000401

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2013 — Barnett Holdings LLC — Trustees Deed · related $520k · Heritage Bank
    Dec 14, 2012 — Barnett Holdings LLC — Trustees Deed · related $896k · Heritage Bank
    — — Barnett Holdings LLC — Deed Of Trust · related $490k · Hamilton County Development Co
    — — Barnett Holdings LLC — Deed Of Trust · related $650k · Heritage Bank
    — — Barnett Holdings LLC — Deed Of Trust · related $509k · Fifth Third Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5343
    Latitude
    39.0029
    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
    $7,343
    $93,800
    $595,000
    $688,800
    -
    $93,800
    $595,000
    $688,800

    Comparable in this City

    • Value Estimation
      $2,355,000
      24,512 SF

      301 Buttermilk Pike

      RETAIL STORES (PERSONAL SERVICES)
      301 Buttermilk Pike, Lakeside Park, KY 41017-2138
      View Details
    • Value Estimation by Request
      3,632 SF

      2511 Anderson Rd

      RETAIL STORES (PERSONAL SERVICES)
      2511 Anderson Rd, Crescent Springs, KY 41017-1528
      View Details
    • Value Estimation by Request
      10,855 SF

      2801 Amsterdam Rd

      RETAIL STORES (PERSONAL SERVICES)
      2801 Amsterdam Rd, Villa Hills, KY 41017-4405
      View Details
    • Value Estimation
      $545,000
      5,160 SF

      2300 Grandview Dr

      RETAIL STORES (PERSONAL SERVICES)
      2300 Grandview Dr, Ft Mitchell, KY 41017-1633
      View Details
    • Value Estimation
      $2,545,000
      19,500 SF

      3445 Vly Plz Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      3445 Vly Plz Pkwy, Ft Wright, KY 41017-8176
      View Details
    • Value Estimation by Request
      4,200 SF

      3779 Old Madison Pike

      RETAIL STORES (PERSONAL SERVICES)
      3779 Old Madison Pike, Ft Wright, KY 41017
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial/Industrial Land on Route 17

      0.6 acres on Route 17, near retail, I-275.
      3291 Madison Pike, Fort Mitchell, KY 41017
      View Details
    • Contact for pricing

      Land Near I-275, Ft Wright

      Commercial land for sale near I-275 in Ft. Wright.
      3376 Madison Pike, Ft Wright, KY 41017
      View Details
    • Contact for pricing
      5,530 SF

      Medical Office Space For Rent

      Medical office space near St. Elizabeth Hospital with highway access.
      2701 Chancellor Dr, Crestview Hills, KY 41017
      View Details
    • $264,800
      1,406 SF

      Crestview Hills Office Condo

      Ground floor office condo suitable for medical or general office use.
      559 Centre View Blvd, Crestview Hills, KY 41017
      View Details
    • Contact for pricing
      2,500 SF

      Crestview Hills Office Space

      2,500 SF office space in Crestview Hills, Kentucky.
      545-567 Centre View Blvd, Crestview Hills, KY 41017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Versatile Space in Villa Hills

      Adaptable space suitable for office, retail, or mixed-use purposes.
      2801 Amsterdam Rd, Villa Hills, KY 41017
      View Details
    • Contact for pricing
      2,500 SF

      Former Salon Space Available

      Turn-key retail space with ample parking and high traffic.
      581 Dudley Rd, Edgewood, KY 41017
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 740 Centre View Blvd.
      740 Centre View Blvd, Crestview Hills, KY 41017
      View Details
    • Contact for pricing
      6,303 SF

      Medical/Office Space Near Major Routes

      Crestview Hills medical/office space with highway access.
      210 Thomas More Pkwy, Crestview Hills, KY 41017
      View Details
    • Contact for pricing

      Medical Office Space Available

      Two-story medical office building with flexible space for rent.
      2900 Chancellor Dr, Crestview Hills, KY 41017
      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.
    1016 Mary Laidley Dr
    Covington, KY 41017-9527
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1016 Mary Laidley Dr, Covington, KY, 41017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!