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    Property profile & analytics

    218 Water St Alexandria, IN 46001-2437

    • Car washes
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 21, 2023
    Location Intelligence
    Property ID
    US31-1179239
    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

    • Car washes

    Property Details for 218 Water St

    Year built
    1992
    Lot size
    0.26 lot acres
    Property type
    Car washes
    APN
    48-05-24-101-093.000-022
    APU
    480524101093000022

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Madison
    State
    Indiana
    Longitude
    -85.6716
    Latitude
    40.261
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $549
    $6,600
    $9,800
    $16,400
    -
    $6,600
    $9,800
    $16,400

    Comparable in this City

    • Value Estimation
      $375,000
      2,028 SF

      207 Park Ave

      CAR WASH • 2,028 SF
      207 Park Ave, Alexandria, IN 46001-2057
      View Details
    • Value Estimation by Request
      0.08 Acres

      809 Harrison St

      PARKING LOT • 0.08 Acres
      809 Harrison St, Alexandria, IN 46001-2618
      View Details
    • Value Estimation
      $575,000
      18,398 SF

      1816 Park Ave

      AUTO REPAIR, GARAGE • 18,398 SF
      1816 Park Ave, Alexandria, IN 46001-8192
      View Details
    • Value Estimation
      $360,000
      6,478 SF

      311 Park Ave

      AUTO REPAIR, GARAGE • 6,478 SF
      311 Park Ave, Alexandria, IN 46001-1640
      View Details
    • Value Estimation by Request
      0.12 Acres

      207 Washington St

      PARKING LOT • 0.12 Acres
      207 Washington St, Alexandria, IN 46001-1811
      View Details
    • Value Estimation by Request
      11,360 SF

      212 Harrison St

      AUTO REPAIR, GARAGE • 11,360 SF
      212 Harrison St, Alexandria, IN 46001-2422
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Restaurant/Bar Opportunity in Alexandria, IN

      Restaurant/bar with transferable liquor license and updated features for sale.
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      Industrial Flex Space For Sale

      8,800 SF industrial flex space with outdoor storage.
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    • $195,000
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      Alexandria Industrial Land - $195K

      15.68 Acres, I-1 Zoning, Rail Access
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      Well-Maintained Office Building For Sale

      Attractive office building with parking and convenient access.
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    Similar Nearby for Lease

    • $9 SF/Yr
      10,049 SF

      Prime Alexandria Retail Space

      1,896 SF Storefront Available Now
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    • $2,572 /Mo
      2,400 SF

      Office Space Available For Rent

      Office space available for lease in Alexandria, Indiana.
      2211 S Park Ave, Alexandria, IN 46001
      View Details
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    218 Water St
    Alexandria, IN 46001-2437
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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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