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Property profile & analytics
OFF-MARKET
Estimated value
$3,540,000
Office buildings
51 Cavalier Blvd Florence, KY 41042-3966
Entity Owned
11-yr Hold
Free & Clear
Property ID
US34-0631609
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
19,436 SF
Lot
1.86 ac (81,022 SF)
APN
072.00-01-009.03
UPID
US34-0631609
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
-
Trusted Insurance KY LLC Insurance Agency
-
Dr. Michael J. Grogan, MD Pediatrician Physician
-
Bluegrass Care Navigators - Northern Kentucky Nursing Home
-
Parkway Products LLC Corporate Office
-
Esly Caldwell III CAc Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$3.54M
Owner & transaction history
Chct Kentucky LLC · 11 yrs held
Chct Kentucky LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+89.9%
Commercial (general)
$3.6M
+41.2%
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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%
$4,365,000
6.5%
$4,030,000
7%
$3,740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,575,000
Current use
RESTAURANT
$4,895,000
Change: +90% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,640,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$2,440,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$2,390,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$3.54M
Range $3.19M – $3.89M · ±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
$182 / 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
$21,989
Tax year 2023
Assessed value
$2,300,000
Assessed 2023
Previous assessed
$2,300,000
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$500,000
Assessed improvement
$1,800,000
Land market value
$500,000
Improvement market value
$1,800,000
Total market value
$2,300,000
Applied tax rate
3.0000
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
2000
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
19,436 SF
Lot
1.86 ac (81,022 SF)
APN
072.00-01-009.03
UPID
US34-0631609
Jurisdiction
BOONE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
RESTAURANT
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Chct Kentucky LLC
Entity
Free & Clear · 11 yrs held
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2015
$4,600,000
Chct Kentucky LLC
Sahara Medical Partners LLC
Warranty Deed
—
Oct 24, 2012
$100,000
Sahara Medical Partners LLC
Us Bank NA
Special Warranty Deed
—
May 4, 2012
$1,250,000
U S Bank National Association
Turfway Office Partners #51 LLC
Commissioners Deed
related
—
Dec 21, 2011
$1,250,000
U S Bank National Association
Turfway Office Partners #51 LLC
Commissioners Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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