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    Property profile & analytics

    5205 Madison Pike Independence, KY 41051-8619

    • Grocery and convenience stores
    • 3,000 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Nov 10, 2020
    Location Intelligence
    Property ID
    US34-2317732
    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

    • Grocery and convenience stores

    Property Details for 5205 Madison Pike

    Year built
    1963
    Lot size
    1.00 lot acres
    Property size
    3,000 SF
    Property type
    Grocery and convenience stores
    APN
    046-20-00-060.00
    APU
    46200006000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.543
    Latitude
    38.9475
    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
    $5,048
    $200,000
    $200,000
    $400,000
    -
    $200,000
    $200,000
    $400,000

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      2005 Patriot Way

      CONVENIENCE STORE (W/FUEL PUMP) • 3,360 SF
      2005 Patriot Way, Independence, KY 41051-8443
      View Details
    • Value Estimation
      $1,990,000
      1,576 SF

      4102 Richardson Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,576 SF
      4102 Richardson Rd, Independence, KY 41051-8527
      View Details
    • Value Estimation
      $215,000
      4,756 SF

      11929 Taylor Ml Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,756 SF
      11929 Taylor Ml Rd, Independence, KY 41051-9762
      View Details
    • Value Estimation by Request
      4,350 SF

      2055 Centennial Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,350 SF
      2055 Centennial Blvd, Independence, KY 41051-7042
      View Details
    • Value Estimation
      $385,000
      6,570 SF

      11976 Joseph E Schmiade Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 6,570 SF
      11976 Joseph E Schmiade Rd, Independence, KY 41051-7630
      View Details
    • Value Estimation by Request
      4,080 SF

      4041 Turkeyfoot Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,080 SF
      4041 Turkeyfoot Rd, Independence, KY 41051
      View Details

    Similar Nearby for Sale

    • $650,000
      2,400 SF

      Independence, KY Commercial Opportunity

      Freestanding 2,440 SF commercial building on 1.15 acres.
      2006 Patriot Way, Independence, KY 41051
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    • $1,100,000
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      Auto Repair Shop Opportunity

      Equipped auto repair shop in Independence, Kentucky for sale.
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    • $87,500
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    • $175,000
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      Land in Tullamore Estates

      New estate lot community near shopping and dining.
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      Lakeview Lot in Independence, KY

      Residential land with lake views in a prime Independence location.
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      Private residential land in Independence, Kentucky, with utilities at the road.
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    5205 Madison Pike
    Independence, KY 41051-8619
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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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