Property profile

640 3rd St 50 Covington, KY 41011

OFF-MARKET
Commercial real estate
Property ID
US34-0238348
46,464 SF 1.8 ac lot Built 1998
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 46,464 SF
Lot 1.8 ac (78,408 SF)
APN 040-34-04-006.00
UPID US34-0238348

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

640 3rd St, Unit 50 Covington, KY 41011-1204
Covington metro Census 67000 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.40M
Comparable Approach Comparable
$5.29M
Blend (final) Blend
$5.64M

Owner & transaction history

since 2024
Last sale
$5.5M
4 recorded transactions
2024
$5.5M
2021
Price N/A
2013
Price N/A
2007
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $6.1M +65.9%
Office building $4.9M +31.9%
Retail stores $4.1M +11.1%

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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