Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1006 Covington St Crawfordsville, IN 47933-1243

    • Commercial real estate
    • 5,200 SF
    • 2.09 lot acres
    OFF-MARKET
    Last Sale
    Nov 25, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1894271
    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

    • Walt's Service / Auto Repair Shop

    Property Details for 1006 Covington St

    Year built
    1992
    Construction
    WOOD
    Lot size
    2.09 lot acres
    Property size
    5,200 SF
    Property type
    Commercial real estate
    APN
    54-07-31-224-004.000-030
    APU
    540731224004000030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordsville
    County
    Montgomery
    State
    Indiana
    Longitude
    -86.9155
    Latitude
    40.0471
    CBSA code
    18820
    CBSA name
    CRAWFORDSVILLE, IN MICROPOLITAN 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
    $2,386
    $34,000
    $36,400
    $70,400
    -
    $34,000
    $36,400
    $70,400

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      Market St

      COMMERCIAL (GENERAL) • 0.08 Acres
      Market St, Crawfordsville, IN 47933
      View Details
    • Value Estimation by Request
      1.16 Acres

      1000 Lafayette Ave

      COMMERCIAL (GENERAL) • 1.16 Acres
      1000 Lafayette Ave, Crawfordsville, IN 47933-1345
      View Details
    • Value Estimation by Request
      93.02 Acres

      200 Ws Blvd

      COMMERCIAL (GENERAL) • 93.02 Acres
      200 Ws Blvd, Crawfordsville, IN 47933-3301
      View Details
    • Value Estimation by Request
      1,530 SF

      200 Spg St

      COMMERCIAL (GENERAL) • 1,530 SF
      200 Spg St, Crawfordsville, IN 47933-1324
      View Details
    • Value Estimation by Request
      1,152 SF

      220 Spg St

      COMMERCIAL (GENERAL) • 1,152 SF
      220 Spg St, Crawfordsville, IN 47933-1727
      View Details
    • Value Estimation by Request
      6,480 SF

      3348 State Rd 32

      COMMERCIAL (GENERAL) • 6,480 SF
      3348 State Rd 32, Crawfordsville, IN 47933
      View Details

    Similar Nearby for Sale

    • $299,900
      3.73 Acres

      Prime Crawfordsville Commercial Land

      3.73-acre corner lot, B-3 zoning.
      0 Corey Blvd, Crawfordsville, IN 47933
      View Details
    • $499,000
      0.30 Acres

      US-231 Crawfordsville Retail Land

      High-traffic retail land, build-to-suit.
      1575 Us Highway 231, Crawfordsville, IN 47933
      View Details
    • $379,000
      3.59 Acres

      Prime Commercial Land, Crawfordsville, IN

      3.59 Acres, Excellent Location, High Growth
      0 In-32, Crawfordsville, IN 47933
      View Details
    • $500,000

      Crawfordsville Land Near Government Center

      4-acre commercial land near Montgomery County Government Center.
      00 Constitution Row, Crawfordsville, IN 47933
      View Details
    • $199,000
      1,462 SF

      Well-Maintained Condo in 55+ Community

      Move-in ready condo with upgrades in a desirable 55+ community.
      1501 Eastfield Dr, Crawfordsville, IN 47933
      View Details
    • $947,700

      52 Acres Tillable Land

      52 acres of tillable land with development potential.
      W State Road 32, Crawfordsville, IN 47933
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      3,178 SF

      Prime Crawfordsville Office Space

      1710 sq ft, Downtown Location
      127 Main St, Crawfordsville, IN 47933
      View Details
    • $216 SF/Yr
      2,500 SF

      Walnut Street Restaurant Opportunity

      Established Restaurant, Turnkey Operation
      211 Walnut St, Crawfordsville, IN 47933
      View Details
    • Contact for pricing
      20,460 SF

      Crawfordsville Retail Space Available

      Prime Retail Space, Walmart-Anchored Center
      1877 Us Highway 231, Crawfordsville, IN 47933
      View Details
    • $12,000 /Mo

      Crawfordsville Commercial Lot For Lease

      1.1 acre commercial lot for lease in Crawfordsville, Indiana.
      231 W North St, Crawfordsville, IN 47933
      View Details
    • $6 SF/Yr
      26,989 SF

      Crawfordsville Shopping Center Retail Space

      Retail spaces available in high-visibility shopping center near Indianapolis.
      1440 Darlington Ave, Crawfordsville, IN 47933
      View Details
    • $35 SF/Yr
      1,650 SF

      Retail Space on Lafayette Avenue

      Retail space for rent with customizable floor plans.
      2600 Lafayette Rd, Crawfordsville, IN 47933
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1006 Covington St
    Crawfordsville, IN 47933-1243
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.