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    Property profile & analytics

    49 Michigan Ave Ste B1 Monticello, KY 42633-1200

    • Medical offices
    • 1,950 SF
    OFF-MARKET
    Value Estimation
    $170,000
    Last Sale
    Oct 25, 2023
    $130,000
    Location Intelligence
    Property ID
    US34-1532490
    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

    • Medical offices

    Property Details for 49 Michigan Ave Ste B1

    Year built
    1950
    Construction
    WOOD
    Property size
    1,950 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    M8-01-017.00
    APU
    M80101700

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wayne
    State
    Kentucky
    Longitude
    -84.8478
    Latitude
    36.8301

    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
    $831
    $0.00
    $0.00
    $88,000
    -
    $0.00
    $0.00
    $88,000

    Comparable in this City

    • Value Estimation by Request
      5,784 SF

      80 Rolling Hls Blvd, Unit 2

      MEDICAL CLINIC • 5,784 SF
      80 Rolling Hls Blvd, Monticello, KY 42633-9005
      View Details
    • Value Estimation by Request
      8,328 SF

      150 Main St

      MEDICAL CLINIC • 8,328 SF
      150 Main St, Monticello, KY 42633-1438
      View Details
    • Value Estimation by Request
      1,523 SF

      200 Main St

      MEDICAL CLINIC • 1,523 SF
      200 Main St, Monticello, KY 42633-1440
      View Details
    • Value Estimation by Request
      2,176 SF

      49 Gregory St

      MEDICAL CLINIC • 2,176 SF
      49 Gregory St, Monticello, KY 42633-2407
      View Details
    • Value Estimation by Request
      3,360 SF

      1104 Main St

      MEDICAL CLINIC • 3,360 SF
      1104 Main St, Monticello, KY 42633-1903
      View Details
    • Value Estimation
      $3,550,000
      27,132 SF

      50 Crk Dr, Unit 112

      MEDICAL CLINIC • 27,132 SF
      50 Crk Dr, Monticello, KY 42633-9465
      View Details

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    49 Michigan Ave Ste B1
    Monticello, KY 42633-1200
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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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