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    Property profile & analytics

    235 5th St Covington, KY 41011-1441

    • Grocery and convenience stores
    • 1,596 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US34-2386973
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gulf / Gas Station
    • ATM / Atm
    • The Hat Don / Convenience Store
    • Liberty Tobacco / Tobacco Shop / Beer Store
    • Valero / Gas Station

    Property Details for 235 5th St

    Year built
    1969
    Lot size
    0.56 lot acres
    Property size
    1,596 SF
    Property type
    Grocery and convenience stores
    APN
    054-21-09-001.00
    APU
    54210900100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $400,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $505,000
      Geo Method
      $485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $485,000
      Mixed-Use
      $405,000
      Hospitality
      $525,000
      Educational
      $445,000
      Residential Income
      $495,000
      Energy
      $380,000
      Income-Based Land
      $390,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5155
    Latitude
    39.0851
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,528
    $331,500
    $83,500
    $415,000
    -
    $331,500
    $83,500
    $415,000

    Comparable in this City

    • Value Estimation by Request
      3,251 SF

      601 4th St, Unit 9

      CONVENIENCE STORE (W/FUEL PUMP) • 3,251 SF
      601 4th St, Covington, KY 41011-1207
      View Details
    • Value Estimation by Request
      2,864 SF

      424 Madison Ave

      GROCERY, SUPERMARKET • 2,864 SF
      424 Madison Ave, Covington, KY 41011-1520
      View Details
    • Value Estimation
      $260,000
      4,000 SF

      2601 Benton Rd

      CONVENIENCE STORE • 4,000 SF
      2601 Benton Rd, Covington, KY 41011-3910
      View Details
    • Value Estimation
      $1,080,000
      5,740 SF

      670 3rd St

      CONVENIENCE STORE • 5,740 SF
      670 3rd St, Covington, KY 41011-1204
      View Details
    • Value Estimation by Request
      2,520 SF

      610 5th St

      CONVENIENCE STORE (W/FUEL PUMP) • 2,520 SF
      610 5th St, Covington, KY 41011-1212
      View Details
    • Value Estimation
      $265,000
      5,180 SF

      420-422 Madison Ave

      GROCERY, SUPERMARKET • 5,180 SF
      420-422 Madison Ave, Covington, KY 41011
      View Details

    Similar Nearby for Sale

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      Historic Covington Landmark with Parking

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    • Contact for pricing
      2 SF

      Mixed-Use Building in Covington Urban Core

      Three-story, 2,916 SF mixed-use building in desirable pedestrian corridor.
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    Similar Nearby for Lease

    • $19 SF/Yr
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      Retail Space in Covington, KY

      Ground-level retail space in a trendy, high-traffic area.
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      Covington Warehouse with Secure Parking

      Warehouse space with drive-through and secure parking in Covington.
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    • $19 SF/Yr

      Retail Space Available For Lease

      Retail property available for lease in Covington, Kentucky.
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    • $17 SF/Yr
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      Renovated Urban Office Space

      3300 SF Covington office space with parking.
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    • $4 SF/Yr

      Land for Rent

      Land available for rent at 406-410 Bakewell St, Covington, KY.
      406-410 Bakewell St, Covington, KY 41011
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    • $16 SF/Yr
      11,900 SF

      Covington Office Space For Lease

      Professional office space in central Covington location with parking.
      118 W 5Th St, Covington, KY 41011
      View Details
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    Covington, KY 41011-1441
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    Realmo Value Estimation

    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.

    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.

    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
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