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    Property profile & analytics

    231 Elm St, Unit 33 Ludlow, KY 41016-1547

    • Retail space
    • 6,988 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US34-0301372
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 231 Elm St

    Lot size
    0.14 lot acres
    Property size
    6,988 SF
    Property type
    Retail space
    APN
    026-33-14-006.02
    APU
    26331400602

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $425,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $400,000
      Mixed-Use
      $450,000
      Hospitality
      $395,000
      Educational
      $485,000
      Residential Income
      $380,000
      Energy
      $440,000
      Income-Based Land
      $385,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Ludlow
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5476
    Latitude
    39.0936
    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
    $1,906
    $30,100
    $118,000
    $148,100
    -
    $30,100
    $118,000
    $148,100

    Comparable in this City

    • Value Estimation by Request
      448 SF

      630 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 448 SF
      630 Elm St, Ludlow, KY 41016-1307
      View Details
    • Value Estimation by Request
      3,033 SF

      302 Linden St

      RETAIL STORES (PERSONAL SERVICES) • 3,033 SF
      302 Linden St, Ludlow, KY 41016-1437
      View Details
    • Value Estimation by Request
      2,292 SF

      17 Pike St

      RETAIL STORES (PERSONAL SERVICES) • 2,292 SF
      17 Pike St, Bromley, KY 41016-1209
      View Details
    • Value Estimation by Request
      544 SF

      634 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 544 SF
      634 Elm St, Ludlow, KY 41016-1307
      View Details
    • Value Estimation
      $305,000
      5,000 SF

      101 Pike St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      101 Pike St, Covington, KY 41016
      View Details
    • Value Estimation
      $220,000
      8,500 SF

      301 Elm St, Unit 3

      RETAIL STORES (PERSONAL SERVICES) • 8,500 SF
      301 Elm St, Ludlow, KY 41016-1450
      View Details

    Similar Nearby for Sale

    • $1,250,000
      5,800 SF

      High-Visibility Commercial Property in Ludlow

      Versatile commercial property with high traffic and modern features.
      132 Elm St, Ludlow, KY 41016
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    • $335,000
      6,440 SF

      Renovated Commercial Gem in Ludlow

      Turn-key 1,400 sq ft commercial building ready for business.
      227-229 Elm St, Covington, KY 41016
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    • $260,000
      1,426 SF

      Updated Duplex in Ludlow, KY

      Well-maintained duplex with long-term tenants and recent updates.
      237 Highway Ave, Ludlow, KY 41016
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    • $75,000
      0.04 Acres

      Covington, KY Wooded Lots

      Prime wooded lots with river and city views available.
      921-925 Spring St, Covington, KY 41016
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    • $560,000
      2.00 Acres

      Land with River & City Views

      Residential land in Covington with potential for multi-family use.
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    • $50,000

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      Vacant lot in Covington near Cincinnati with development potential.
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    231 Elm St, Unit 33
    Ludlow, KY 41016-1547
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    Realmo Value Estimation

    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.

    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.

    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
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