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Financial
Distress signals
Property profile

3024 Madison Ave Covington, KY 41015

FOR SALE
Turn key restaurants
Property ID
US34-0070783
616 SF 0.35 ac lot Built 1960
Last sale Jul 2024 · $100,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$141k
Assessed land$45k
Assessed improvement$96k
Effective rate1.33%

Value estimate

· Oct 2026
$260k
$234k – $286k
NOI build-up
Gross scheduled income$9k
Vacancy & credit loss−$294
Operating expenses−$2k
NOI · 2.41% cap applied$7k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$132/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$78 – $193

Cap rate analysis

How does the asset earn?
2.41%
$7k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionKENTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.3
Law Firm16.8
Dental Office14.9

Location

3024 Madison Ave Covington, KY 41015
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4456 Decoursey, Covington, KY 41015-1856 $55,000 Feb 2025 1,150 SF
316 Southern, Covington, KY 41015-1528 $100,000 Oct 2024 853 SF
3822 Winston, Covington, KY 41015-1458 $350,000 Jul 2024 2,394 SF
4301 Winston, Covington, KY 41015-1739 $1,260,000 Jan 2024 1,734 SF
4101 Decoursey, Covington, KY 41015-1811 $125,000 Jan 2024 1,615 SF
3906 Winston, Latonia, KY 41015 $180,000 Mar 2020 834 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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