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Property profile & analytics
OFF-MARKET
Strip malls
1982 Walton Nicholson Pike Independence, KY 41051-7906
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US34-0254794
Property summary
AI-generated overview
This attractive brick free-standing retail/office center offers 1,260 square feet of immediately available space in a highly desirable Kenton County location. The building totals 10,000 square feet and features ample parking. This space, previously a hair salon, is situated in a thriving commercial area, conveniently located adjacent to the new Kenton County Library. Its prime location near the intersection of KY 17 and KY 16 provides excellent visibility and accessibility, with proximity to Simon Kenton High School and the new Kroger Marketplace Center (approximately 5 minutes away). The RC zoning allows for a wide variety of uses, including but not limited to hair salons, nail salons, and medical offices, making it an ideal space for a diverse range of businesses. The property offers a fantastic opportunity for businesses seeking a well-located, versatile space with high visibility and convenient access to a significant customer base. The available space is ready for immediate occupancy. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Total area
6,000 SF
Lot
1.5 ac (65,340 SF)
APN
034-00-00-068.03
UPID
US34-0254794
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
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
R & V Investments LLC
R & V Investments LLC
1 recorded transaction
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$7,976
Tax year 2023
Assessed value
$632,000
Assessed 2023
Previous assessed
$632,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$152,000
Assessed improvement
$480,000
Land market value
$152,000
Improvement market value
$480,000
Total market value
$632,000
Applied tax rate
42.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1997
Heating
NONE
Total area
6,000 SF
Lot
1.5 ac (65,340 SF)
APN
034-00-00-068.03
UPID
US34-0254794
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
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Lot
1.5 ac
Current owner
From public records · entity-resolved
R & V Investments LLC
Entity
Mailing address
20 MEDICAL VLG DR STE #196, EDGEWOOD, KY 41017-5406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
R & V Investments LLC
—
Deed Of Trust
related
$250,000 · Bank Of Ky
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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