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    Property profile & analytics

    4 Madison Pike Independence, KY 41051

    • Assisted living facilities
    • 15,600 SF
    • 7.76 lot acres
    OFF-MARKET
    Value Estimation
    $1,025,000
    Last Sale
    Mar 29, 2022
    $1,025,000
    Location Intelligence
    Property ID
    US34-0020190
    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

    • Assisted living facilities

    Property Details for 4 Madison Pike

    Year built
    1962
    Lot size
    7.76 lot acres
    Property size
    15,600 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    048-00-00-006.00
    APU
    48000000600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $925,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,080,000
      6.5%
      $1,080,000
      7%
      $1,085,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,230,000
      Geo Method
      $1,125,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,015,000
      Retail
      $990,000
      Mixed-Use
      $1,040,000
      Hospitality
      $1,085,000
      Educational
      $1,140,000
      Residential Income
      $1,040,000
      Energy
      $1,090,000
      Income-Based Land
      $980,000
      Food Service
      $1,365,000

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5421
    Latitude
    38.9124
    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
    $12,936
    $390,000
    $635,000
    $1,025,000
    -
    $390,000
    $635,000
    $1,025,000

    Comparable in this City

    • Value Estimation
      $350,000
      3,837 SF

      11567 Bunker Hl Ct

      HOMES (RETIRED, NURSING) • 3,837 SF
      11567 Bunker Hl Ct, Independence, KY 41051-7618
      View Details
    • Value Estimation by Request
      5,122 SF

      2025 Declaration Dr

      MEDICAL BUILDING • 5,122 SF
      2025 Declaration Dr, Independence, KY 41051-7983
      View Details
    • Value Estimation by Request
      0.64 Acres

      1944 Declaration Dr

      MEDICAL CLINIC • 0.64 Acres
      1944 Declaration Dr, Independence, KY 41051-7931
      View Details
    • Value Estimation
      $340,000
      3,908 SF

      1922 Walton Nicholson Pike

      MEDICAL CLINIC • 3,908 SF
      1922 Walton Nicholson Pike, Independence, KY 41051-7901
      View Details
    • Value Estimation
      $4,560,000
      12,520 SF

      135 Courthouse Xing

      MEDICAL CLINIC • 12,520 SF
      135 Courthouse Xing, Independence, KY 41051-2509
      View Details
    • Value Estimation by Request
      7,375 SF

      1974 Walton Nicholson Pike

      MEDICAL BUILDING • 7,375 SF
      1974 Walton Nicholson Pike, Independence, KY 41051-7906
      View Details

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    4 Madison Pike
    Independence, KY 41051
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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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