Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1301 Madison Ave Covington, KY 41011
    Back to Search
    Property profile & analytics

    1301 Madison Ave Covington, KY 41011

    View on Map
    • Warehouses
    • 205,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commonwealth Inc. / Warehouse & Storage

    Property Details for 1301 Madison Ave

    Property size
    205,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This expansive 205,000-square-foot warehouse, located at 1301 Madison Ave in Covington, Kentucky (zip code 41011), presents a significant opportunity for businesses seeking ample space for storage and distribution. The property boasts a single-tenant occupancy, offering complete control and flexibility to the lessee. The building sits on a substantial 9.543-acre lot, providing ample room for expansion or future development. The warehouse features a generous ceiling height of 16 feet, accommodating a variety of storage and operational needs. Loading and unloading are facilitated by five conveniently located loading docks and five drive-in doors, ensuring efficient material handling. The property is zoned CG-1 M and MUC-0, Commercial General District with a Mixed Use Corridor Overlay (City of Covington), offering potential for diverse uses within the established zoning regulations. This prime location in Covington, Kentucky offers easy access to major transportation routes, making it an attractive option for businesses seeking efficient logistics and distribution capabilities. The entire 205,000 square feet is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5092
    Latitude
    39.0765

    Comparable in this City

    • Value Estimation by Request
      3,250 SF

      632-634 Lewis St

      DISTRIBUTION WAREHOUSE • 3,250 SF
      632-634 Lewis St, Covington, KY 41011
      View Details
    • Value Estimation by Request
      7,125 SF

      814 Washington St

      DISTRIBUTION WAREHOUSE • 7,125 SF
      814 Washington St, Covington, KY 41011-3882
      View Details
    • Value Estimation by Request
      22,064 SF

      248 Pike St

      DISTRIBUTION WAREHOUSE • 22,064 SF
      248 Pike St, Covington, KY 41011-2343
      View Details
    • Value Estimation by Request
      1,500 SF

      926 Baker St

      DISTRIBUTION WAREHOUSE • 1,500 SF
      926 Baker St, Covington, KY 41011-2078
      View Details
    • Value Estimation by Request
      11,496 SF

      419 Pike St, Unit 23

      DISTRIBUTION WAREHOUSE • 11,496 SF
      419 Pike St, Covington, KY 41011-2128
      View Details
    • Value Estimation by Request
      0.11 Acres

      20-22 9th W St

      DISTRIBUTION WAREHOUSE • 0.11 Acres
      20-22 9th W St, Covington, KY 41011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,457 SF

      Covington Strip Center Investment Opportunity

      Fully stabilized retail center with long-term tenants and growth potential.
      1616 Madison Ave, Covington, KY 41011
      View Details
    • Contact for pricing

      Two-Story Commercial Investment Opportunity

      Two-story commercial property with first-floor restaurant and rehab potential.
      508 Madison Ave, Covington, KY 41011
      View Details
    • New
      $315,000
      1,462 SF

      Covington Duplex with Skyline Views

      Duplex in up-and-coming Covington with off-street parking and views.
      1112 W Pike St, Covington, KY 41011
      View Details
    • Contact for pricing

      525 Greenup St, Covington, KY

      525 Greenup St, Covington, KY 41011 For Sale
      525 Greenup St, Covington, KY 41011
      View Details
    • $495,900
      Pending

      Updated Multi-Unit Building in Covington

      Remodeled multi-family property near downtown Covington and Newport.
      1523 Greenup St, Covington, KY 41011
      View Details
    • New
      $540,000
      3,200 SF

      Covington Commercial Investment Opportunity

      Two-story commercial building with first-floor restaurant and rehab potential.
      508 Madison Ave, Covington, KY 41011
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Space in Covington, KY

      Warehouse space with downtown access, ideal for last-mile delivery.
      400 W 3Rd St, Covington, KY 41011
      View Details
    • Contact for pricing
      22,080 SF

      Covington Warehouse with Secure Parking

      Warehouse space with drive-through and secure parking in Covington.
      1116 Russell St, Covington, KY 41011
      View Details
    • Contact for pricing
      3,555 SF

      Premier Office Space in Covington

      Iconic RiverCenter complex offering unparalleled convenience and quality service.
      100 E Rivercenter Blvd, Covington, KY 41011
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      1001 Madison Ave, Covington, KY 41011
      View Details
    • Contact for pricing
      2,396 SF

      Retail Space in Covington, KY

      Ground-level retail space in a trendy, high-traffic area.
      333 Scott St, Covington, KY 41011
      View Details
    • Contact for pricing

      Medical Office Space at Hospital

      First generation medical office space with hospital campus access.
      Covington, KY 41011
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1301 Madison Ave
    Covington, KY 41011
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1301 Madison Ave, Covington, KY, 41011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!