Back to Search
Property profile & analytics
OFF-MARKET
Retail space
4001 Decoursey Ave Covington, KY 41015-1809
Individually Owned
3-yr Hold
Free & Clear
Property ID
US34-2260176
Property summary
AI-generated overview
This commercial property is located in Covington, Kentucky, in Kenton County. It offers 2,051 square feet of living area on a 0.08-acre lot. The property is zoned for commercial use and features off-street parking spaces located behind the building. The interior has been painted, the bathroom has been updated, and the rubber roof has been refinished. The property is suitable for retail or office use.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
2,051 SF
Lot
0.08 ac (3,478 SF)
APN
056-32-12-014.00
UPID
US34-2260176
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
Current use
Occupant on record · Public records
-
M & J Grocery Store Grocery & Convenience Store Food Market
-
K’s Corner Grocery & Convenience Store
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
Kalpeshkumar C Patel · 3 yrs held
Kalpeshkumar C Patel
since 2023
Last sale
$120,000
7 recorded transactions
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 Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covington 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
$1,732
Tax year 2023
Assessed value
$130,000
Assessed 2023
Previous assessed
$97,000
+34.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$16,000
Assessed improvement
$114,000
Land market value
$16,000
Improvement market value
$114,000
Total market value
$130,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Total area
2,051 SF
Lot
0.08 ac (3,478 SF)
APN
056-32-12-014.00
UPID
US34-2260176
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
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Kalpeshkumar C Patel
Individual
Free & Clear · 3 yrs held
Mailing address
725 COVERT RUN PIKE, BELLEVUE, KY 41073-1712
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
$120,000
Kalpeshkumar C Patel
Omw Construction LLC
Warranty Deed
—
Jul 12, 2022
$130,000
Omw Construction LLC
Wilson Service Pro LLC
Warranty Deed
—
Aug 18, 2015
$40,000
Wilson Service Pro LLC
Bobs Sweet Shoppe LLC
Warranty Deed
—
May 1, 2009
$95,000
Bobs Sweet Shoppe LLC
Wilson,christopher & Leah
Grant Deed
—
May 4, 2007
—
Christopher Wilson
Moreland Properties LLC
Quit Claim Deed
related
—
Apr 21, 2006
$58,500
Moreland Properties LLC
Action Ministries INC
Warranty Deed
—
—
—
Christopher C Wilson
—
Deed Of Trust
related
$82,400 · First Financial Bank NA
—
—
Bobs Sweet Shoppe LLC
—
Deed Of Trust
related
$88,000 · Farmers National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4001 Decoursey Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
