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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office buildings
3385 Madison Pike, Covington, KY 41017
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US34-0247390
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
3,000 SF
Lot
1.16 ac (50,399 SF)
APN
042-40-00-011.00
UPID
US34-0247390
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
$780k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$660k
Owner & transaction history
Jrcj Real Estate LLC · 3 yrs held
Jrcj Real Estate LLC
since 2023
Last sale
$675,000
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 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
$795,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $675k (Apr 14 2023)
Last sale anchor
$675k
Apr 14 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
$220 / 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
$7,483
Tax year 2023
Assessed value
$702,000
Assessed 2023
Previous assessed
$702,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$522,000
Assessed improvement
$180,000
Land market value
$522,000
Improvement market value
$180,000
Total market value
$702,000
Applied tax rate
22.0000
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
1910
Heating
NONE
Total area
3,000 SF
Lot
1.16 ac (50,399 SF)
APN
042-40-00-011.00
UPID
US34-0247390
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
1910
Heating
NONE
Lot
1.16 ac
Current owner
From public records · entity-resolved
Jrcj Real Estate LLC
Entity
Mailing address
PO BOX 9167, SPRINGFIELD, MO 65801-9167
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
—
Jrcj Real Estate LLC
—
Deed
related
$2,397,790 · First National Bank Of Kentucky
Nov 1, 2023
—
Jrcj Real Estate LLC
—
Deed
related
$1,937,580 · First National Bank Of Kentucky
Apr 14, 2023
$675,000
Jrcj Real Estate LLC
Oreilly Automotive Stores INC
Warranty Deed
$500,000 · The Cincinnatus Savings And Loan Co
Nov 1, 2016
$680,000
Oreilly Automotive Stores INC
Summe,patricia M
Grant Deed
—
Jun 3, 2016
—
Patricia M Summe
Summe,kathleen D
Quit Claim Deed
related
—
May 3, 2016
—
Patricia Summe
—
Deed
related
$420,000 · Branch Bk&tr
Oct 15, 2014
$222,500
Patricia M Summe
Summe,kathleen D
Grant Deed
related
$420,000 · Bank Of Ky
—
—
Patricia Summe
—
Deed Of Trust
related
$420,000 · Bank Of Ky
—
—
Patricia Summe
—
Loan Modification
related
$420,000 · Branch Bk&tr
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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