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    632 Russell St Covington, KY 41011

    The property at 632 Russell Street, formerly Germania Hall, was transformed in 2009 into a Class A office building suitable for medical startups. The building offers 18,000 square feet of space and includes 3 tenant spaces. The property includes 41 parking spaces across 3 parcels. Architectural features include curved tin ceilings. Mezzanine offices feature interior glass walls and views. The building is equipped with advanced security, a private elevator, and a reception desk. Located in Downtown Covington, the property is within walking distance to Mainstrasse, Licking Riverside, and Downtown Cincinnati. It is also located two blocks from the new IRS site development. The lot size is 0.29 acres, with a living area of 17,675 square feet. The zoning is listed as Office and Commercial.
    • Office buildings
    • 17,675 SF
    • 0.29 lot acres
    For Sale
    View listing
    $2,495,000
    Value Estimation
    Last Sale
    Dec 02, 2020
    $240,000
    Location Intelligence
    Property ID
    US34-0335108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bexion Pharmaceuticals / Pharmaceutical Company
    • Open Therapeutics / Biotechnology Company
    • BioTest4U / Medical Diagnostic Imaging Center
    • PHD Diagnostics / Psychologist
    • Constant Biotechnology / Biotechnology Company

    Property Details for 632 Russell St

    Year built
    1864
    Lot size
    0.29 lot acres
    Property size
    17,675 SF
    Property type
    Office buildings
    APN
    054-21-19-009.00
    APU
    54211900900

    Property Overview

    The property at 632 Russell Street, formerly Germania Hall, was transformed in 2009 into a Class A office building suitable for medical startups. The building offers 18,000 square feet of space and includes 3 tenant spaces. The property includes 41 parking spaces across 3 parcels. Architectural features include curved tin ceilings. Mezzanine offices feature interior glass walls and views. The building is equipped with advanced security, a private elevator, and a reception desk. Located in Downtown Covington, the property is within walking distance to Mainstrasse, Licking Riverside, and Downtown Cincinnati. It is also located two blocks from the new IRS site development. The lot size is 0.29 acres, with a living area of 17,675 square feet. The zoning is listed as Office and Commercial.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $225,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $175,000
      Mixed-Use
      $210,000
      Hospitality
      $195,000
      Educational
      $225,000
      Residential Income
      $170,000
      Energy
      $225,000
      Income-Based Land
      $180,000
      Food Service
      $210,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5131
    Latitude
    39.0833
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,428
    $150,000
    $1,759,000
    $1,909,000
    -
    $150,000
    $1,759,000
    $1,909,000

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      421 Scott St

      OFFICE BUILDING • 2,200 SF
      421 Scott St, Covington, KY 41011-1527
      View Details
    • Value Estimation by Request
      20,000 SF

      608 Madison Ave, Unit 10

      OFFICE BUILDING (MULTI-STORY) • 20,000 SF
      608 Madison Ave, Covington, KY 41011-2404
      View Details
    • Value Estimation by Request
      10,880 SF

      601 Madison Ave, Unit 3

      OFFICE BUILDING (MULTI-STORY) • 10,880 SF
      601 Madison Ave, Covington, KY 41011-2403
      View Details
    • Value Estimation
      $355,000
      17,445 SF

      540 Madison Ave

      OFFICE BUILDING (MULTI-STORY) • 17,445 SF
      540 Madison Ave, Covington, KY 41011-1506
      View Details
    • Value Estimation
      $440,000
      22,800 SF

      513 Madison Ave

      OFFICE BUILDING (MULTI-STORY) • 22,800 SF
      513 Madison Ave, Covington, KY 41011-1505
      View Details
    • Value Estimation
      $390,000
      8,360 SF

      530 Madison Ave, Unit 36

      OFFICE BUILDING • 8,360 SF
      530 Madison Ave, Covington, KY 41011-1506
      View Details

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      632 Russell St, Covington, KY 41011
      View Details
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      Land for Rent

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    632 Russell St
    Covington, KY 41011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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