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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Flex space
167 Gap Way Erlanger, KY 41018-3130
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US34-0477727
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
19,872 SF
Lot
3.32 ac (144,619 SF)
APN
071.00-11-016.00
UPID
US34-0477727
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
$1.85M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$1.52M
Owner & transaction history
Post Glover Lifelink INC · 6 yrs held
Post Glover Lifelink INC
since 2020
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+273.9%
Restaurant
$2.0M
+218.9%
Office building
$2.0M
+213.2%
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 Erlanger submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erlanger 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
$1,865,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
$2,055,000
6.5%
$1,900,000
7%
$1,765,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,380,000
Change: +274% · Conversion: Difficult
RESTAURANT
$2,030,000
Change: +219% · Conversion: Difficult
OFFICE BUILDING
$1,995,000
Change: +213% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,670,000
Change: +163% · Conversion: Easy
RETAIL STORES
$1,415,000
Change: +122% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,245,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.29M (Mar 3 2020)
Last sale anchor
$1.29M
Mar 3 2020
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
$76 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$23,249
Tax year 2024
Assessed value
$2,100,000
Assessed 2024
Previous assessed
$2,100,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$330,000
Assessed improvement
$1,770,000
Land market value
$330,000
Improvement market value
$1,770,000
Total market value
$2,100,000
Applied tax rate
10.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
19,872 SF
Lot
3.32 ac (144,619 SF)
APN
071.00-11-016.00
UPID
US34-0477727
Jurisdiction
BOONE
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
MEDICAL BUILDING
Est. value
$2.4M
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.32 ac
Current owner
From public records · entity-resolved
Post Glover Lifelink INC
Entity
Mailing address
167 GAP WAY, ERLANGER, KY 41018-3130
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
—
Post Glover Lifelink INC
—
Deed
related
$1,728,000 · Pnc Bank NA
Mar 4, 2020
—
Post Glover Resistors INC
—
Deed
related
$1,034,800 · Pnc Bank NA
Mar 3, 2020
$1,293,500
Post Glover Lifelink INC
Gap Ridge LLC
Special Warranty Deed
$1,034,800 · Pnc Bank NA
Apr 26, 2012
$930,000
Gap Ridge LLC
Post Glover Lifelink INC
Special Warranty Deed
$650,000 · Gap Ridge LLC
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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