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Property profile & analytics
OFF-MARKET
Apartment buildings
401 16th St, Covington, KY 41014-1305
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US34-1523131
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1869
Total area
4,858 SF
Lot
0.06 ac (2,625 SF)
APN
055-31-15-001.00
UPID
US34-1523131
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lojaca LLC · 6 yrs held
Lojaca LLC
since 2020
Last sale
$150,000
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,998
Tax year 2023
Assessed value
$150,000
Assessed 2023
Previous assessed
$150,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$12,000
Assessed improvement
$138,000
Land market value
$12,000
Improvement market value
$138,000
Total market value
$150,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1869
Heating
NONE
Stories
3
Rooms
7
Bathrooms
1
Total area
4,858 SF
Lot
0.06 ac (2,625 SF)
APN
055-31-15-001.00
UPID
US34-1523131
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
1869
Heating
NONE
Stories
3
Rooms
7
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Lojaca LLC
Entity
Mailing address
7004 OCONNELL PL, UNION, KY 41091-7544
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2020
$150,000
Lojaca LLC
James II
Grant Deed
$120,000 · Heritage Bk
Mar 5, 2008
$175,000
James Rettig II
Tri-state Properties Of Northern
Warranty Deed
$140,000 · First Security Trust Bank
Sep 21, 2006
$103,000
Tri-state Props Of Nthrn Ky INC
Fohl,gary R & Patty M
Quit Claim Deed
related
$850,000 · Donald W Trapp
Jun 16, 2006
$93,600
Gary R Fohl
Tri St Props Of Nthrn Ky INC
Quit Claim Deed
related
$160,000 · First Bank Northern Ky INC
Jun 8, 2004
$93,600
Tri State Properties Of Northe
Lonneman Brothers INC
Grant Deed
$400,000 · Other
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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