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    Property profile & analytics

    5992 Merchants St Florence, KY 41042-1153

    • Grocery and convenience stores
    • 2,440 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimation
    $5,035,000
    Last Sale
    Dec 10, 2024
    $5,012,000
    Location Intelligence
    Property ID
    US34-0577980
    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

    • Speedway / Gas Station / Convenience Store
    • Citi ATM / Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 5992 Merchants St

    Year built
    1993
    Lot size
    1.11 lot acres
    Property size
    2,440 SF
    Property type
    Grocery and convenience stores
    APN
    061.00-18-004.00
    APU
    61001800400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,010,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,375,000
      6.5%
      $5,085,000
      7%
      $5,220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,760,000
      Geo Method
      $4,835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,405,000
      Retail
      $4,865,000
      Mixed-Use
      $4,595,000
      Hospitality
      $4,885,000
      Educational
      $5,060,000
      Residential Income
      $4,680,000
      Energy
      $5,180,000
      Income-Based Land
      $5,375,000
      Food Service
      $4,455,000

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.657
    Latitude
    39.0067
    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
    $10,154
    $922,100
    $0.00
    $922,100
    -
    $922,100
    $0.00
    $922,100

    Comparable in this City

    • Value Estimation by Request

      8015 Burlington Pike

      CONVENIENCE STORE
      8015 Burlington Pike, Florence, KY 41042-1231
      View Details
    • Value Estimation by Request

      7445 Burlington Pike

      GROCERY, SUPERMARKET
      7445 Burlington Pike, Florence, KY 41042-1553
      View Details
    • Value Estimation
      $1,140,000
      3,375 SF

      411 Mt Zion Rd

      CONVENIENCE STORE • 3,375 SF
      411 Mt Zion Rd, Florence, KY 41042-3255
      View Details
    • Value Estimation
      $300,000
      44,288 SF

      9950 Berberich Dr

      GROCERY, SUPERMARKET • 44,288 SF
      9950 Berberich Dr, Florence, KY 41042-3275
      View Details
    • Value Estimation
      $455,000
      0.78 Acres

      8020 Burlington Pike

      CONVENIENCE STORE • 0.78 Acres
      8020 Burlington Pike, Florence, KY 41042-1232
      View Details
    • Value Estimation
      $420,000
      1.78 Acres

      7681 Mall Rd

      CONVENIENCE STORE • 1.78 Acres
      7681 Mall Rd, Florence, KY 41042-1403
      View Details

    Similar Nearby for Sale

    • $559,000
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      Florence Bank Building - $559K

      Prime Retail Space, High Traffic Area
      6890 Dixie Hwy, Florence, KY 41042
      View Details
    • Contact for pricing
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      Florence Retail Storefront - 9,590 SF

      Prime NKY Retail Space, High Visibility
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    • $1,909,492
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      Florence, KY Smokey Bones Retail

      High-yield Smokey Bones storefront, strong tenant.
      7848 Mall Rd, Florence, KY 41042
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    • $495,000
      3,297 SF

      Former Bank Building on Dixie

      Former bank building for sale in Florence, Kentucky.
      6890 Dixie Hwy, Florence, KY 41042
      View Details
    • $1,115,000
      Pending

      Commercial Building in Florence, KY

      Turnkey commercial building with ample parking near I-75.
      10510 Norbotten Dr, Florence, KY 41042
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    • $4,999,999
      19,000 SF

      Salon and Spa Ready Property

      Large salon and spa buildout with parking and newer roof.
      7535 Burlington Pike, Florence, KY 41042
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    Similar Nearby for Lease

    • $3,000 /Mo
      3,000 SF

      Retail Space For Rent

      Retail space with ample parking and highway visibility.
      6418 Dixie Hwy, Florence, KY 41042
      View Details
    • $7 SF/Yr
      1,250 SF

      Renovated Retail/Flex Space For Rent

      High-visibility retail/flex space available on a major corridor.
      7730 Us Highway 42, Florence, KY 41042
      View Details
    • $2,225 /Mo
      1,780 SF

      Retail Space For Lease

      Retail space available in high-traffic commercial area.
      8177 Mall Rd, Florence, KY 41042
      View Details
    • $14 SF/Yr
      5,000 SF

      Retail Space Near Turfway Park

      In-line retail space near Turfway Park Racing & Gaming.
      1030-1060 Hansel Ave, Florence, KY 41042
      View Details
    • Contact for pricing
      1,760 SF

      Freestanding Building with Drive-Thru

      1,760 SF freestanding building with drive-thru for lease.
      6809 Burlington Pike, Florence, KY 41042
      View Details
    • Contact for pricing
      963,727 SF

      Florence Mall Retail Space

      Kentucky Shopping Mall - Lease Options
      2028 Florence Mall, Florence, KY 41042
      View Details

    Property Visit Statistics

    • Visits by month
      31.4k
    • Visitors by month
      19.2k
    • Avg Time on site
      8 min
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    Florence, KY 41042-1153
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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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