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    Property profile & analytics

    117 3rd St Washington, IN 47501-2938

    • Office Properties & Spaces
    • 24,462 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $500,000
    Location Intelligence
    Property ID
    US31-1451076
    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

    • Office Properties & Spaces

    Property Details for 117 3rd St

    Year built
    1897
    Construction
    WOOD
    Lot size
    0.45 lot acres
    Property size
    24,462 SF
    Property type
    Office Properties & Spaces
    APN
    14-10-27-403-034.000-017
    APU
    141027403034000017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $490,000

    • CAP approach

      CAP return
      Estimation
      6%
      $540,000
      6.5%
      $625,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $535,000
      Geo Method
      $545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $570,000
      Mixed-Use
      $575,000
      Hospitality
      $660,000
      Educational
      $550,000
      Residential Income
      $625,000
      Energy
      $595,000
      Income-Based Land
      $540,000
      Food Service
      $600,000

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Daviess
    State
    Indiana
    Longitude
    -87.1726
    Latitude
    38.6583
    CBSA code
    47780
    CBSA name
    WASHINGTON, 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
    $0.00
    $33,700
    $663,200
    $696,900
    -
    $33,700
    $663,200
    $696,900

    Comparable in this City

    • Value Estimation by Request
      1,575 SF

      318 Main St

      OFFICE (GENERAL) • 1,575 SF
      318 Main St, Washington, IN 47501-2914
      View Details
    • Value Estimation by Request
      4,276 SF

      106 Main St

      OFFICE (GENERAL) • 4,276 SF
      106 Main St, Washington, IN 47501-2908
      View Details
    • Value Estimation by Request
      944 SF

      10 4th St

      OFFICE (GENERAL) • 944 SF
      10 4th St, Washington, IN 47501-2904
      View Details
    • Value Estimation
      $345,000
      1,560 SF

      1205 State Rd 257

      OFFICE (GENERAL) • 1,560 SF
      1205 State Rd 257, Washington, IN 47501
      View Details
    • Value Estimation
      $315,000
      3,780 SF

      520 Van Trees St

      OFFICE (GENERAL) • 3,780 SF
      520 Van Trees St, Washington, IN 47501-2985
      View Details
    • Value Estimation
      $325,000
      3,640 SF

      504 Walnut St

      OFFICE (GENERAL) • 3,640 SF
      504 Walnut St, Washington, IN 47501-2543
      View Details

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    117 3rd St
    Washington, IN 47501-2938
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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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