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    Property profile & analytics

    123 Main St Covington, VA 24426-1460

    • Office buildings
    • 3,375 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US87-2476595
    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

    • Mountain Waste Disposal / Garbage Collection Service
    • Alleghany Asphalt / Asphalt Contractor

    Property Details for 123 Main St

    Year built
    1958
    Lot size
    0.25 lot acres
    Property size
    3,375 SF
    Zone code
    C3
    Property type
    Office buildings
    APN
    11---2----92-
    APU
    11292

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Covington City
    State
    Virginia
    Longitude
    -79.9939
    Latitude
    37.7933

    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
    $1,534
    $32,400
    $148,100
    $180,500
    -
    $32,400
    $148,100
    $180,500

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      650 Dry Run Rd

      OFFICE BUILDING • 0.35 Acres
      650 Dry Run Rd, Covington, VA 24426-1270
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    • Value Estimation by Request
      0.12 Acres

      402 Highland Ave

      OFFICE BUILDING • 0.12 Acres
      402 Highland Ave, Covington, VA 24426
      View Details
    • Value Estimation by Request
      728 SF

      271 Main St

      OFFICE BUILDING • 728 SF
      271 Main St, Covington, VA 24426-1542
      View Details
    • Value Estimation by Request
      2,493 SF

      251 Riverside St

      OFFICE BUILDING • 2,493 SF
      251 Riverside St, Covington, VA 24426-1216
      View Details
    • Value Estimation by Request
      6,000 SF

      1010 Craig Ave

      OFFICE BUILDING • 6,000 SF
      1010 Craig Ave, Covington, VA 24426-2281
      View Details
    • Value Estimation
      $370,000
      7,392 SF

      246 Main St

      OFFICE BUILDING • 7,392 SF
      246 Main St, Covington, VA 24426-1543
      View Details

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    123 Main St
    Covington, VA 24426-1460
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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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