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Property profile & analytics
OFF-MARKET
Estimated value
$9,960,000
Outlet malls
7606 Mall Rd, Florence, KY 41042-1404
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US34-0581554
Property summary
AI-generated overview
This exceptional retail opportunity is located at 7606 Mall Rd, Florence, KY 41042, within the vibrant Village at the Mall. The property, built in 1991, offers a single, immediately available space totaling 4,000 square feet. This is a minimum divisible space, with a maximum contiguous space also of 4,000 square feet. The total building size is a substantial 92,614 square feet, indicating a well-established and thriving retail center. The property benefits from a strong national tenancy and enjoys a location in the heart of Florence's bustling retail corridor, boasting low tenant turnover and excellent local management. This prime location places the property in close proximity to major retailers such as Florence Mall, Macy's, Kroger Marketplace, Costco, and TJ Maxx, ensuring high visibility and significant foot traffic. The space is ideal for a variety of retail uses and presents a compelling investment opportunity for businesses seeking a strategic presence in a high-demand area. Contact for pricing and further details.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1991
Total area
53,436 SF
Lot
10 ac (435,600 SF)
APN
062.00-25-003.10
UPID
US34-0581554
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Hive Hair Studio Hair Salon Nail Salon
-
Ablaze Aesthetics, LLC. Spa & Massage Center Alternative Medicine Practice
-
RaveReiki of Northern Kentucky Alternative Medicine Practice
-
Polished by Chasity Nail Salon
-
The Polish Room Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.93M
Comparable Approach
Comparable
$11.57M
Blend (final)
Blend
$9.96M
Owner & transaction history
Vilage At The Mall Holdings LLC · 9 yrs held
Vilage At The Mall Holdings LLC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.5M
+104.8%
Commercial (general)
$10.0M
+52.3%
Office building
$7.1M
+7.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,750,000
6.5%
$9,925,000
7%
$9,215,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,570,000
Current use
RESTAURANT
$13,455,000
Change: +105% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,005,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$7,085,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$6,710,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$9.96M
Range $8.96M – $10.96M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$186 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$110,845
Tax year 2023
Assessed value
$11,667,000
Assessed 2023
Previous assessed
$11,667,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$4,100,000
Assessed improvement
$7,567,000
Land market value
$4,100,000
Improvement market value
$7,567,000
Total market value
$11,667,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1991
Heating
NONE
Stories
1
Total area
53,436 SF
Lot
10 ac (435,600 SF)
APN
062.00-25-003.10
UPID
US34-0581554
Jurisdiction
BOONE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.6M
RESTAURANT
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$10.0M
OFFICE BUILDING
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$6.7M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
1
Lot
10 ac
Current owner
From public records · entity-resolved
Vilage At The Mall Holdings LLC
Entity
Mailing address
PO BOX 9068, CINCINNATI, OH 45209-0068
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
—
Vilage At The Mall Holdings LLC
—
Deed
related
$10,000,000 · United Of Omaha Life Insurance Company
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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