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    Property profile & analytics

    51 Columbia Ave Monticello, KY 42633-1293

    • Retail space
    • 2,262 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US34-1454389
    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

    • Retail space

    Property Details for 51 Columbia Ave

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    2,262 SF
    Property type
    Retail space
    APN
    M8-02-004.00
    APU
    M80200400

    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
    -84.8482
    Latitude
    36.8292

    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
    $472
    $0.00
    $0.00
    $50,000
    -
    $0.00
    $0.00
    $50,000

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      45 Highland Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      45 Highland Ave, Monticello, KY 42633-3045
      View Details
    • Value Estimation by Request
      3,682 SF

      888 Hwy 1765

      RETAIL STORES (PERSONAL SERVICES) • 3,682 SF
      888 Hwy 1765, Monticello, KY 42633-2649
      View Details
    • Value Estimation by Request
      240 SF

      Hwy 1765

      RETAIL STORES (PERSONAL SERVICES) • 240 SF
      Hwy 1765, Monticello, KY 42633
      View Details
    • Value Estimation by Request
      9,100 SF

      10917 Hwy 90

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      10917 Hwy 90, Monticello, KY 42633
      View Details
    • Value Estimation by Request
      2,867 SF

      1557 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,867 SF
      1557 Main St, Monticello, KY 42633-2000
      View Details
    • Value Estimation by Request
      1,500 SF

      475 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      475 Main St, Monticello, KY 42633-1138
      View Details

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      Profitable business with training included in Monticello, Kentucky.
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      Turn-Key Retail Space in Monticello

      High-visibility retail space with drive-thru, kitchen, and ample parking.
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      Former Drive-In Restaurant Opportunity

      Commercial property with drive-thru, ideal for restaurant or retail.
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    51 Columbia Ave
    Monticello, KY 42633-1293
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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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