Property profile

50 Rivercenter Blvd Covington, KY 41011

OFF-MARKET
Commercial real estate
Property ID
US34-0353830
298,611 SF Built 1990
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1990
Total area 298,611 SF
APN 854-14-00-001.01
UPID US34-0353830

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Business Service Center Corporate Office
  • Mill
  • Accounting Firm
  • Business Management Consultant

Location

50 Rivercenter Blvd Covington, KY 41011-1683
Covington metro Census 67000 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$47.55M
Comparable Approach Comparable
$33.97M
Blend (final) Blend
$37.00M

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $39.3M +65.9%
Office building $31.2M +31.9%
Retail stores $26.3M +11.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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