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    Property profile & analytics

    1987 State Rd 3rd 3 Lexington, IN 47138-8031

    • Auto shops
    • 1,904 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 02, 2022
    $30,000
    Location Intelligence
    Property ID
    US31-1233244
    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

    • Auto shops

    Property Details for 1987 State Rd 3rd 3

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    1,904 SF
    Property type
    Auto shops
    APN
    72-06-08-210-008.001-004
    APU
    720608210008001004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Scott
    State
    Indiana
    Longitude
    -85.656
    Latitude
    38.7217
    CBSA code
    42500
    CBSA name
    SCOTTSBURG, 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
    $425
    $12,000
    $9,400
    $21,400
    -
    $12,000
    $9,400
    $21,400

    Comparable in this City

    • Value Estimation
      $445,000
      2,640 SF

      2297 State Rd 3rd 3

      AUTO REPAIR, GARAGE • 2,640 SF
      2297 State Rd 3rd 3, Lexington, IN 47138-8034
      View Details
    • Value Estimation by Request
      3,542 SF

      2750 Cherry St

      AUTO REPAIR, GARAGE • 3,542 SF
      2750 Cherry St, Lexington, IN 47138
      View Details
    • Value Estimation by Request
      1,260 SF

      532 State Rd 3rd 3

      PARKING GARAGE, PARKING STRUCTURE • 1,260 SF
      532 State Rd 3rd 3, Lexington, IN 47138-8973
      View Details
    • Value Estimation by Request
      3,220 SF

      6147 State Rd 362

      PARKING GARAGE, PARKING STRUCTURE • 3,220 SF
      6147 State Rd 362, Lexington, IN 47138-8300
      View Details
    • Value Estimation by Request
      2.00 Acres

      888 In-3

      Land • 2.00 Acres
      888 In-3, Lexington, IN 47138
      View Details
    • Value Estimation by Request
      5,724 SF

      8090 Main St

      RESTAURANT • 5,724 SF
      8090 Main St, Lexington, IN 47138
      View Details

    Similar Nearby for Sale

    • $350,000

      Commercial Lots at State Road

      Commercial lots available at a busy intersection in Lexington, IN.
      888 N State Road 3, Lexington, IN 47138
      View Details
    • Contact for pricing
      2.00 Acres

      Lexington, IN Commercial Land

      Three 2-acre commercial lots, prime location.
      888 In-3, Lexington, IN 47138
      View Details
    • $1,499,000
      2,314 SF

      Lexington Farm Estate with Income

      124-acre farm with remodeled home, CRP income, and tillable land.
      10747 East State Road 356, Lexington, IN 47138
      View Details
    • New
      $79,900
      6.64 Acres

      6+ Acre Vacant Land

      Vacant land perfect for building your dream home.
      3686 S Sharon Hill Rd, Lexington, IN 47138
      View Details
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    Lexington, IN 47138-8031
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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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