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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Investment properties
8 7th St 16 Covington, KY 41011-2302
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US34-0248917
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1912
Total area
5,642 SF
Lot
0.1 ac (4,332 SF)
APN
054-21-23-012.00
UPID
US34-0248917
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
Current use
Occupant on record · Public records
-
The Well Restaurant
-
Grub Local Restaurant
-
High Tech Supplier Building Supply HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$595k
Owner & transaction history
8 16w 7111 Street LLC · 4 yrs held
8 16w 7111 Street LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$740,000
+65.9%
Office building
$590,000
+31.9%
Retail stores
$495,000
+11.1%
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
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
COMMERCIAL (GENERAL)
$450,000
Current use
RESTAURANT
$740,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +32% · Conversion: Easy
RETAIL STORES
$495,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$460,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$440,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$105 / 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
$6,687
Tax year 2023
Assessed value
$502,000
Assessed 2023
Previous assessed
$300,000
+67.3% YoY
Effective rate
1.33%
On assessed value
Assessed land
$84,000
Assessed improvement
$418,000
Land market value
$84,000
Improvement market value
$418,000
Total market value
$502,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1912
Heating
NONE
Total area
5,642 SF
Lot
0.1 ac (4,332 SF)
APN
054-21-23-012.00
UPID
US34-0248917
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$450,000
RESTAURANT
Est. value
$740,000
OFFICE BUILDING
Est. value
$590,000
RETAIL STORES
Est. value
$495,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$440,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1912
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
8 16w 7111 Street LLC
Entity
Mailing address
250 GRANDVIEW DR #705, FT MITCHELL, KY 41017-5667
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
—
8 16w 7111 Street LLC
Kkw LLC
Limited Warranty Deed
$871,250 · Republic Bank & Trust Co
Oct 18, 2018
—
Kkw LLC
—
Trustees Deed
related
$738,135 · Peoples Bk
Jun 29, 2018
—
Kkw LLC
Kkw LLC
Quit Claim Deed
related
—
Oct 24, 2017
$290,000
Kkw LLC
Heringer Meats INC
Warranty Deed
$190,000 · Stockyard Bk&tr
—
—
Ray Niemeyer INC
—
Deed Of Trust
related
$123,000 · Pnc 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.
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