New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,225,000
Parking lots & garages
620 5th St, Covington, KY 41011
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US34-2360513
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.77 ac (33,541 SF)
APN
040-43-04-002.03
UPID
US34-2360513
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
$6.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.23M
Owner & transaction history
Abdulmalik Thawer · 2 yrs held
Abdulmalik Thawer
since 2024
Last sale
$6.2M
7 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
Method
Estimation
Statistic approach
$6,225,000
ML approach
$6,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.23M
Range $5.60M – $6.85M · ±10% · vs last sale $6.23M (May 31 2024)
Last sale anchor
$6.23M
May 31 2024
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
—
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
$9,184
Tax year 2023
Assessed value
$689,500
Assessed 2023
Previous assessed
$689,500
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$654,500
Assessed improvement
$35,000
Land market value
$654,500
Improvement market value
$35,000
Total market value
$689,500
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.77 ac (33,541 SF)
APN
040-43-04-002.03
UPID
US34-2360513
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
Lot
0.77 ac
Current owner
From public records · entity-resolved
Abdulmalik Thawer
Individual
Mailing address
668 W 5TH ST, COVINGTON, KY 41011-1212
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$14,250,000
Abdulmalik Thawer
Tasico Cincinnati LP
Quit Claim Deed
related
$10,150,000 · Bansal Family Trust
Jun 17, 2014
$6,225,000
Tasico Cincinnati LP
Smc Hotel Partners LLC
Grant Deed
—
Jun 21, 2012
—
Smc Hotel Partners LLC
—
Trustees Deed
related
$3,015,245 · Regions Bank
Nov 16, 2009
—
Smc Hotel Partners LLC
—
Trustees Deed
related
$3,099,184 · Regions Bank
Jan 17, 2008
—
Smc Hotel Partners LLC
—
Trustees Deed
related
$2,600,000 · Regions Bank
May 14, 2007
$3,650,000
Smc Hotel Partners LLC
Ashford Covington
Grant Deed
—
—
—
Smc Hotel Partners LLC
—
Loan Modification
related
$3,015,245 · Regions Bank
—
—
Tasico Cincinnati LP
—
Deed Of Trust
related
$5,000,000 · Jefferies Loancore
—
—
Smc Hotel Partners LLC
—
Loan Modification
related
$3,015,245 · Regions Bank
—
—
Smc Hotel Partners LLC
—
Deed Of Trust
related
$3,099,184 · Regions Bank
—
—
Smc Hotel Partners LLC
—
Deed Of Trust
related
$3,015,245 · Regions Bank
—
—
Smc Hotel Partners LLC
—
Deed Of Trust
related
$3,079,586 · Regions Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 620 5th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
