7688 Mall Rd Florence, KY 41042-1404
Property Lookup
Property profile & analytics
7688 Mall Rd Florence, KY 41042-1404
- Retail space
- 0.75 lot acres
Property ID
US34-0507230
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.
Location Intelligence
Current Use by Public Records
- altafiber Store - Florence / Telecommunications Service
Property Details for 7688 Mall Rd
- Lot size
- 0.75 lot acres
- Property type
- Retail space
- APN
- 062.00-25-001.15
- APU
- 62002500115
Description
This exceptional fee-simple retail storefront investment presents a compelling opportunity. Located at 7688 Mall Rd, Florence, KY 41042, this 5,220 square foot property boasts a 100% occupancy rate with a long-term net lease to Altafiber (formerly Cincinnati Bell), a well-established telecommunications company. The lease commenced October 20, 2023, and extends until March 30, 2034, with remaining term of 9.6 years and two five-year renewal options. The property features a 6.90% cap rate and a current NOI of $126,000. Built in 1990, this single-story building sits on a 0.75-acre lot zoned C-2, PD, and MR. Its prime location in Northern Kentucky's dominant retail trade area, near the Florence Mall and Amazon's major air hub, ensures high visibility and strong tenant demand. The asking price is $1,825,000, and $35,250 in tenant improvement allowances are already escrowed for lease renewal. This investment offers a stable, high-return opportunity in a thriving retail market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,770,000
- ML approach
- $1,685,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Boone
- State
- Kentucky
- Longitude
- -84.6529
- Latitude
- 38.9981
- 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
$6,676
$275,000
$425,000
$700,000
-
$275,000
$425,000
$700,000
