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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Community centers
6066 Limaburg Rd Burlington, KY 41005-9310
Entity Owned
15-yr Hold
Free & Clear
Property ID
US34-0643997
Property summary
AI-generated overview
This exceptional retail opportunity is located within the thriving Oakbrook Marketplace in Burlington, Kentucky. The property, situated at 6066 Limaburg Rd, boasts a total of 21,240 square feet of commercial space, with multiple tenancy options available. Currently, 4,182 square feet of vacant space is ready for immediate occupancy, divisible into units ranging from a minimum of 1,010 square feet to a maximum contiguous space of 3,172 square feet. The property sits on a generous 4.14-acre lot and features ample parking with a ratio of 4.44 spaces per 1,000 square feet. Built in 1989, the building is zoned C-1 and benefits from high visibility with 812 feet of frontage on Limaburg Road, including three convenient curb cuts. This prime location is in Boone County, the county seat, ensuring excellent access to a substantial customer base. The property is anchored by United Dairy Farmers, further enhancing its appeal and attracting significant foot traffic. This presents a unique chance to establish or expand your business in a well-established and highly visible retail center. Contact us today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Total area
20,946 SF
Lot
4.19 ac (182,516 SF)
APN
049.00-00-046.04
UPID
US34-0643997
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
$2.36M
Owner & transaction history
Mesa Properties LLC · 15 yrs held
Mesa Properties LLC
since 2010
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
Alternative Use
Use
Estimation
RESTAURANT
$2,960,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,695,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$2,415,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,065,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,915,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±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
$112 / 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
$24,455
Tax year 2023
Assessed value
$2,150,000
Assessed 2023
Previous assessed
$2,150,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$900,000
Assessed improvement
$1,250,000
Land market value
$900,000
Improvement market value
$1,250,000
Total market value
$2,150,000
Applied tax rate
6.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Heating
NONE
Cooling
NONE
Stories
1
Total area
20,946 SF
Lot
4.19 ac (182,516 SF)
APN
049.00-00-046.04
UPID
US34-0643997
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
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1989
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.19 ac
Current owner
From public records · entity-resolved
Mesa Properties LLC
Entity
Free & Clear · 15 yrs held
Mailing address
3955 MONTGOMERY RD, CINCINNATI, OH 45212-3733
Ownership since
2010
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
Nov 18, 2010
—
Mesa Properties LLC
Alex Hsu
Warranty Deed
—
Oct 19, 2005
$3,180,000
Alex Hsu
Oakbrook Marketplace LLC
Warranty Deed
$1,830,000 · Standard Insurance Co
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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