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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Commercial real estate
238 Grandview Ave Bellevue, KY 41073-1408
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US34-0248780
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
6,000 SF
Lot
1.94 ac (84,506 SF)
APN
999-99-07-552.00
UPID
US34-0248780
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
$695k
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$821k
Blend (final)
Blend
$750k
Owner & transaction history
Sanitas Capital LLC · 5 yrs held
Sanitas Capital LLC
since 2021
Last sale
$760,000
7 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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
$710,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $760k (Jul 19 2021)
Last sale anchor
$760k
Jul 19 2021
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
$125 / 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
$10,648
Tax year 2023
Assessed value
$760,000
Assessed 2023
Previous assessed
$760,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$200,000
Assessed improvement
$560,000
Land market value
$200,000
Improvement market value
$560,000
Total market value
$760,000
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1970
Heating
NONE
Stories
2
Total area
6,000 SF
Lot
1.94 ac (84,506 SF)
APN
999-99-07-552.00
UPID
US34-0248780
Jurisdiction
CAMPBELL
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
1970
Heating
NONE
Stories
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
Sanitas Capital LLC
Entity
Mailing address
2905 MARKBREIT AVE, CINCINNATI, OH 45209-2021
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
—
Sanitas Capital LLC
—
Deed
related
$1,853,000 · First Commonwealth Bank
Jul 19, 2021
$760,000
Sanitas Capital LLC
Peters Coal & Supply Co
Warranty Deed
$2,062,000 · First Savings Bank
Sep 2, 2009
—
Peters Coal & Supply Co
—
Trustees Deed
related
$400,000 · Bank Of Kentucky
—
—
Peters Coal & Supply Co
—
Deed Of Trust
related
$700,000 · Bank Of Kentucky
—
—
Lumber Pilot
—
Deed Of Trust
related
$300,280 · Bank Of Kentucky
—
—
Peters Coal & Supply Co
—
Deed Of Trust
related
$710,909 · Kentucky Bank
—
—
Peters Coal & Supply Co
—
Deed Of Trust
related
$1,541,000 · Mainsource Bk
—
—
Peters Coal & Supply Co
—
Deed Of Trust
related
$809,751 · Bank Of Kentucky
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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