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Property profile & analytics
OFF-MARKET
Flex space
974 Broadway St, Covington, OH 45318-1711
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2026611
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1968
Total area
23,040 SF
Lot
5.68 ac (247,334 SF)
APN
H19-011400
UPID
US66-2026611
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
-
Force Design Production Facility
-
Fusion Metal Fabrication, LLC Metal Fabrication Plant Factory
-
Axis Machine Technologies, LLC Industrial Manufacturer
-
Airovent Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vapour Investments Ltd · 8 yrs held
Vapour Investments Ltd
since 2018
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$7,035
Tax year 2023
Assessed value
$140,560
Assessed 2023
Previous assessed
$140,560
+0.0% YoY
Effective rate
5.00%
On assessed value
Assessed land
$38,500
Assessed improvement
$102,060
Land market value
$110,000
Improvement market value
$291,600
Total market value
$401,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1968
Heating
SPACE
Stories
1
Total area
23,040 SF
Lot
5.68 ac (247,334 SF)
APN
H19-011400
UPID
US66-2026611
Jurisdiction
MIAMI
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
Year built
1968
Heating
SPACE
Stories
1
Lot
5.68 ac
Current owner
From public records · entity-resolved
Vapour Investments Ltd
Entity
Mailing address
974 E BROADWAY ST, COVINGTON, OH 45318-1711
Ownership since
2018
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
Jun 7, 2018
$412,000
Vapour Investments Ltd
Edward J Hickey II
Warranty Deed
$329,600 · Greenville National Bank
Feb 9, 2018
—
Edward J Hickey II
—
Deed
related
$297,600 · Us Bk
Dec 31, 2012
$372,000
Edward J Hickey II
Bailey-ewald Ltd
Grant Deed
$297,600 · Us Bank NA
Feb 25, 2005
$108,750
Covington Ohio Builders LLC
Bailey-ewald Ltd
Grant Deed
$424,000 · Independence Bank Fsb
—
—
Edward J Hickey II
—
Deed Of Trust
related
$297,600 · Us Bk
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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