Property profile

632 Russell St Covington, KY 41011

OFF-MARKET
Office buildings
Property ID
US34-0335108
17,675 SF 0.29 ac lot Built 1864
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Located at 632 Russell Street in Downtown Covington, Kentucky, this office building—formerly Germania Hall—was transformed in 2009 into a Class A office facility with suitability for medical startup use. The property contains 17,675 square feet and includes 3 existing tenant spaces. It is configured with curved tin ceilings throughout and mezzanine office areas featuring interior glass walls and views. Exterior site features include 41 parking spaces distributed across 3 parcels, and the property sits on a 0.29-acre lot. Building amenities include advanced security systems, a private elevator, and a reception desk. The building is positioned within walking distance of Mainstrasse and the Licking Riverside and is about two blocks from the IRS site development.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1864
Total area 17,675 SF
Lot 0.29 ac (12,676 SF)
APN 054-21-19-009.00
UPID US34-0335108

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
  • Factory Production Facility
  • Corporate Office
  • Medical Clinic
  • Physician Medical Clinic
  • Corporate Office

Location

632 Russell St Covington, KY 41011-2312
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
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2020
Last sale
$240,000
7 recorded transactions
2020
$2,104
2019
Price N/A
2016
Price N/A
2007
$240,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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