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Property profile & analytics
OFF-MARKET
Estimated value
$10,145,000
Commercial real estate
401 20th St Covington, KY 41014-1583
Individually Owned
8-yr Hold
Free & Clear
Property ID
US34-0125008
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
300,107 SF
Lot
4.86 ac (211,702 SF)
APN
055-32-17-012.00
UPID
US34-0125008
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
Current use
Occupant on record · Public records
-
The Pavilion at Kenton for Nursing and Rehabilitation Nursing Home
-
Starken Technologis Inc Corporate Office Business Park
-
Dr. M T. Philippe, MD Pediatrician Physician
-
National Committee On Youth Social Service Agency Charitable Organization
-
Regency Manor North LLC Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.09M
Blend (final)
Blend
$10.15M
Owner & transaction history
Pavilion At Kenton Proeprty Ll · 8 yrs held
Pavilion At Kenton Proeprty Ll
since 2018
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.15M
Range $9.13M – $11.16M · ±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
$34 / 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
$38,135
Tax year 2023
Assessed value
$2,863,000
Assessed 2023
Previous assessed
$2,863,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$363,000
Assessed improvement
$2,500,000
Land market value
$363,000
Improvement market value
$2,500,000
Total market value
$2,863,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Total area
300,107 SF
Lot
4.86 ac (211,702 SF)
APN
055-32-17-012.00
UPID
US34-0125008
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
Heating
NONE
Lot
4.86 ac
Current owner
From public records · entity-resolved
Pavilion At Kenton Proeprty Ll
Individual
Free & Clear · 8 yrs held
Mailing address
401 E 20TH ST, COVINGTON, KY 41014-1583
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
—
The Pavilion At Kenton Property LLC
—
Deed
related
$16,000,000 · Cibc Bank USA
May 17, 2019
—
Pavilion At Kenton Prop LLC
—
Deed
related
$3,288,113 · S&t Bk
Jul 12, 2018
$3,360,000
Pavilion At Kenton Proeprty Ll
Ph Providence Realty LLC
Grant Deed
—
Oct 2, 2017
$3,360,000
Pavilion At Kenton Prop LLC
Ph Providence Realty LLC
Grant Deed
$4,515,500 · S&t Bk
Oct 2, 2017
—
Pavilion At Kenton Prop LLC
—
Deed
related
$4,515,500 · S&t Bk
Dec 4, 2014
$850,000
Ph Providence Reality LLC
Providence Real Estate LLC
Grant Deed
related
$5,400,000 · Mb Fin'l Bk
Sep 30, 2009
$900,000
Providence Real Estate LLC
Saint Elizabeth Medical Ctr In
Grant Deed
$975,000 · Covington 42 LLC
—
—
Pavilion At Kenton Prop LLC
—
Deed Of Trust
related
$3,288,113 · S&t Bk
—
—
Pavilion At Kenton Prop LLC
—
Loan Modification
related
$900,000 · S&t Bk
—
—
Providence Real Estate LLC
—
Deed Of Trust
related
$1,400,000 · Republic Bank & Trust
—
—
Pavilion At Kenton Prop LLC
—
Deed Of Trust
related
$4,515,500 · S&t Bk
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.
Try Rey
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