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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Investment properties
224 6th St 30 Covington, KY 41011-1412
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US34-0396448
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Total area
2,520 SF
Lot
0.21 ac (9,148 SF)
APN
054-21-13-029.00
UPID
US34-0396448
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
$650k
CAP Approach
CAP
$400k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Kevin Michael Lonneman · 2 yrs held
Kevin Michael Lonneman
since 2023
Last sale
$582,000
6 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
Method
Estimation
Statistic approach
$685,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$435,000
6.5%
$400,000
7%
$375,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $582k (Oct 4 2023)
Last sale anchor
$582k
Oct 4 2023
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
$230 / 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
$2,811
Tax year 2023
Assessed value
$211,000
Assessed 2023
Previous assessed
$211,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$73,500
Assessed improvement
$137,500
Land market value
$73,500
Improvement market value
$137,500
Total market value
$211,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Total area
2,520 SF
Lot
0.21 ac (9,148 SF)
APN
054-21-13-029.00
UPID
US34-0396448
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
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Kevin Michael Lonneman
Individual
Mailing address
636 PHILADELPHIA ST, COVINGTON, KY 41011-1241
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$582,000
Kevin Michael Lonneman
Schwartz Properties LLC
Warranty Deed
$612,700 · Guardian Savings Bank
Jun 16, 2020
—
Richard L Schwartz
—
Deed
related
$175,000 · Rodney L & Karen L Schwaller
Jan 6, 2015
$175,000
Schwartz Richard L Karen|schwaller Ro L
Schwaller,rodney L & Karen S
Dual Purpose Document
related
$175,000 · Rodney L & Karen S Schwaller
Jul 31, 2009
—
Rodney L Schwaller
Schwaller,rodney L & Karen
Quit Claim Deed
related
—
—
—
Richard L Schwartz
—
Deed Of Trust
related
$125,400 · Agcat Properties LLC
—
—
Richard L Schwartz
—
Deed Of Trust
related
$175,000 · Rodney L & Karen L Schwaller
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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