Technical
Financial
Distress signals
Property profile

1982 Walton Nicholson Pike Independence, KY 41051

OFF-MARKET
Strip malls
Property ID
US34-0254794
6,000 SF 1.5 ac lot Built 1997
Entity Owned 23-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

1982 Walton Nicholson Pike Independence, KY 41051-7906
Independence metro Census 63609 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

1 recorded transaction
1969
Price N/A

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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