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Property profile & analytics
OFF-MARKET
Office Units
6 Commonwealth Ave Erlanger, KY 41018-1742
Entity Owned
5-yr Hold
Free & Clear
Property ID
US34-0325625
Property summary
AI-generated overview
This commercial space in Erlanger, Kentucky, is zoned for commercial use and offers multi-purpose potential with high signage visibility. It provides convenient access to the expressway and is located approximately 0.5 miles from CVG. The space could accommodate various business types, such as office space, a catering kitchen, or a sandwich shop. The 0.02-acre lot may also suit a food truck operator seeking a brick-and-mortar location with a walk-up window near a bar at a busy intersection. The property is located in Kenton County, with the postal code 41018.
Property profile
Verified
Property type
Office Units
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Total area
880 SF
Lot
0 ac (100 SF)
APN
015-20-14-012.00
UPID
US34-0325625
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
Steffen Serves LLC · 5 yrs held
Steffen Serves LLC
since 2021
Last sale
$75,000
2 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 Erlanger submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erlanger 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
$974
Tax year 2023
Assessed value
$75,000
Assessed 2023
Previous assessed
$75,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$15,000
Assessed improvement
$60,000
Land market value
$15,000
Improvement market value
$60,000
Total market value
$75,000
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 Units
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Heating
NONE
Total area
880 SF
Lot
0 ac (100 SF)
APN
015-20-14-012.00
UPID
US34-0325625
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
1959
Heating
NONE
Lot
0 ac
Current owner
From public records · entity-resolved
Steffen Serves LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2 MARYS CT, FLORENCE, KY 41042-9276
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
$75,000
Steffen Serves LLC
Palmer Investment Properties LLC
Warranty Deed
—
Apr 7, 2009
—
Palmer Investments Props LLC
Palmer,charles B JR
Quit Claim 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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