Technical
Financial
Distress signals
Property profile

1200 Hwy Ave Covington, KY 41011

OFF-MARKET
Commercial real estate
Property ID
US34-0242506
111,020 SF 2.15 ac lot Built 1973
Entity Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1973
Total area 111,020 SF
Lot 2.15 ac (93,491 SF)
APN 040-32-04-001.00
UPID US34-0242506

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex

Location

1200 Hwy Ave Covington, KY 41011-1082
Covington metro Census 63800 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.93M
Blend (final) Blend
$7.71M

Owner & transaction history

since 2011
2 recorded transactions
2011
$4.8M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $11.6M +31.9%
Retail stores $9.8M +11.1%
Apartment house (5+ units) $9.1M +2.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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