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    Property profile & analytics

    513 Madison Ave Covington, KY 41011-1505

    • Office buildings
    • 22,800 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $440,000
    Location Intelligence
    Property ID
    US34-2295753
    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

    • Mental Health America-North Ky / Non-Profit Organization
    • Roland Beverly S / Social Worker
    • Margaret Swartz, MSW / Doctor
    • Bramlage Ronald / Medical Clinic
    • Sara J. Gothard, CSW / Doctor

    Property Details for 513 Madison Ave

    Year built
    1929
    Lot size
    0.21 lot acres
    Property size
    22,800 SF
    Property type
    Office buildings
    APN
    054-21-21-004.01
    APU
    54212100401

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $395,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $505,000
      Mixed-Use
      $410,000
      Hospitality
      $375,000
      Educational
      $430,000
      Residential Income
      $410,000
      Energy
      $430,000
      Income-Based Land
      $410,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5111
    Latitude
    39.0854
    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
    $0.00
    $130,000
    $595,000
    $725,000
    -
    $130,000
    $595,000
    $725,000

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      421 Scott St

      OFFICE BUILDING • 2,200 SF
      421 Scott St, Covington, KY 41011-1527
      View Details
    • Value Estimation by Request
      20,000 SF

      608 Madison Ave, Unit 10

      OFFICE BUILDING (MULTI-STORY) • 20,000 SF
      608 Madison Ave, Covington, KY 41011-2404
      View Details
    • Value Estimation by Request
      10,880 SF

      601 Madison Ave, Unit 3

      OFFICE BUILDING (MULTI-STORY) • 10,880 SF
      601 Madison Ave, Covington, KY 41011-2403
      View Details
    • Value Estimation
      $790,000
      13,605 SF

      117 4th St

      OFFICE BUILDING • 13,605 SF
      117 4th St, Covington, KY 41011-1752
      View Details
    • Value Estimation
      $255,000
      1,960 SF

      11 6th St

      OFFICE BUILDING • 1,960 SF
      11 6th St, Covington, KY 41011-1407
      View Details
    • Value Estimation
      $180,000
      2,375 SF

      503 6th St

      OFFICE BUILDING • 2,375 SF
      503 6th St, Covington, KY 41011-1213
      View Details

    Similar Nearby for Sale

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    • $989,000
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    • $1,000,000
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      Versatile Property Near Downtown Covington

      Adaptable property with office, warehouse, and expansion potential.
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    • $74,900
      0.04 Acres

      Residential Land in Covington, KY

      Land available for custom urban residence in Covington, Kentucky.
      1221 Fisk St, Covington, KY 41011
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    • Contact for pricing
      0.05 Acres

      Covington Corner Lot For Sale

      Corner lot in Covington near Madison Mile and MainStrasse.
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    Similar Nearby for Lease

    • Contact for pricing
      3,107 SF

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      Office buildings with signage and conference room, near downtown.
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    • $15 SF/Yr
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      Covington Executive Office Suite

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    • $17 SF/Yr
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    • $16 SF/Yr
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      Covington Office Space For Lease

      Professional office space in central Covington location with parking.
      118 W 5Th St, Covington, KY 41011
      View Details
    • $750 /Mo
      11,900 SF

      Covington Office Space For Rent

      Office space for lease in historic Covington building.
      118 W 5Th St, Covington, KY 41011
      View Details
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    513 Madison Ave
    Covington, KY 41011-1505
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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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