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Property profile & analytics
OFF-MARKET
Office buildings
213 4th St 15 Covington, KY 41011-1733
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US34-0143263
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1909
Total area
2,480 SF
Lot
0.09 ac (3,800 SF)
APN
054-23-17-004.00
UPID
US34-0143263
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
-
Roofing America Covington Roofing Company General Contractor
-
Brincs Property Development Construction Company General Contractor
-
Clausen Cynthia R Law Firm
-
CRC Law Office Law Firm
-
The Law Office of Charles H. Spinks IV, Esq., LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mjv Properties LLC · 6 yrs held
Mjv Properties LLC
since 2020
Last sale
$425,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,661
Tax year 2023
Assessed value
$425,000
Assessed 2023
Previous assessed
$425,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$90,000
Assessed improvement
$335,000
Land market value
$90,000
Improvement market value
$335,000
Total market value
$425,000
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
1909
Heating
NONE
Total area
2,480 SF
Lot
0.09 ac (3,800 SF)
APN
054-23-17-004.00
UPID
US34-0143263
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
Building & site characteristics
From public records
Year built
1909
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Mjv Properties LLC
Entity
Mailing address
14 W 9TH ST, COVINGTON, KY 41011-3125
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
$425,000
Mjv Properties LLC
Roebling Point LLC
Grant Deed
$308,000 · Heritage Bk
Jan 15, 2019
$925,000
Roebling Point LLC
NA Group LLC
Trustees Deed
$3,492,500 · Forcht Bk NA
Oct 31, 2014
$265,000
NA Group LLC
Kleiner5 LLC
Grant Deed
—
Jul 14, 2010
$337,000
James L Oldfield
Commissioner Of Kenton County
Trustees Deed
—
Jun 1, 2010
$337,000
James L Cobb
Commissioner Of Kenton County
Trustees Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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