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Property profile & analytics
OFF-MARKET
Office buildings
411 Garrard St Covington, KY 41011-2511
Individually Owned
8-yr Hold
Free & Clear
Property ID
US34-2318079
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
3,564 SF
Lot
0.18 ac (7,841 SF)
APN
054-23-22-002.00
UPID
US34-2318079
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
-
3TC Design Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Deering Dana E Law Firm
-
Sparks Robert R Law Firm
-
Parry Deering Futscher Sparks Law Firm
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
Steven Klein · 8 yrs held
Steven Klein
since 2018
6 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
$6,860
Tax year 2023
Assessed value
$515,000
Assessed 2023
Previous assessed
$515,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$156,800
Assessed improvement
$358,200
Land market value
$156,800
Improvement market value
$358,200
Total market value
$515,000
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
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
Heating
NONE
Stories
3
Rooms
15
Bathrooms
3
Total area
3,564 SF
Lot
0.18 ac (7,841 SF)
APN
054-23-22-002.00
UPID
US34-2318079
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
Stories
3
Rooms
15
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Steven Klein
Individual
Free & Clear · 8 yrs held
Mailing address
411 GARRARD ST, COVINGTON, KY 41011-2511
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
$515,000
Steven Klein
Garrard Street Investments LLC
Warranty Deed
—
Sep 3, 2014
$515,000
Kleiners LLC
Garrard Street Investments LLC
Dual Purpose Document
related
$465,000 · Garrard Street Investments LLC
Mar 17, 2006
$518,000
Garrard Street Investments LLC
Ronald R Parry Psc Dbp
Grant Deed
—
Mar 9, 2006
$443,875
Ronald R Parry Psc Dbp
Parry,ronald R & Suzanne
Grant Deed
related
—
Feb 4, 2004
$443,875
Ronald R Parry
Phoenix Properties Of Northern
Grant Deed
—
—
—
Garrard Street Investments LLC
—
Deed Of Trust
related
$347,188 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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