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Property profile & analytics
OFF-MARKET
Estimated value
$3,810,000
Flex space
2791 Circleport Dr Erlanger, KY 41018-1080
Entity Owned
1-yr Hold
Free & Clear
Property ID
US34-0130845
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
48,068 SF
Lot
3.92 ac (170,755 SF)
APN
071.00-10-008.00
UPID
US34-0130845
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
$3.31M
CAP Approach
CAP
$4.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.81M
Owner & transaction history
R&r Design & Manufacturing LLC · 1 yrs held
R&r Design & Manufacturing LLC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+273.9%
Restaurant
$4.9M
+218.9%
Office building
$4.8M
+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
$3,530,000
ML approach
$3,310,000
CAP Approach
CAP Return
Estimation
6%
$4,975,000
6.5%
$4,595,000
7%
$4,265,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,755,000
Change: +274% · Conversion: Difficult
RESTAURANT
$4,910,000
Change: +219% · Conversion: Difficult
OFFICE BUILDING
$4,820,000
Change: +213% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,040,000
Change: +163% · Conversion: Easy
RETAIL STORES
$3,420,000
Change: +122% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,010,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$3.81M
Range $3.43M – $4.19M · ±10%
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
$79 / 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
$27,111
Tax year 2024
Assessed value
$2,450,000
Assessed 2024
Previous assessed
$2,450,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$400,000
Assessed improvement
$2,050,000
Land market value
$400,000
Improvement market value
$2,050,000
Total market value
$2,450,000
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
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
48,068 SF
Lot
3.92 ac (170,755 SF)
APN
071.00-10-008.00
UPID
US34-0130845
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
$5.8M
RESTAURANT
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.0M
RETAIL STORES
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
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
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
R&r Design & Manufacturing LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2791 CIRCLEPORT DR, ERLANGER, KY 41018-1080
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Nov 12, 2024
—
R&r Design & Manufacturing LLC
Whatever Properties LLC
Deed
—
Feb 26, 2020
—
Whatever Properties LLC
Ralph Thompson
Quit Claim Deed
related
$2,000,000 · Fifth Third Bank
Jan 3, 2020
$2,450,000
Ralph Thompson
D7 Properties LLC
Warranty Deed
—
Nov 19, 2008
$1,350,000
D7 Properties LLC
A Carnacho INC
Warranty Deed
$2,000,000 · First Chatham Bank
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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