Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2607 Redbud Rd Covington, VA 24426-7012

    • Commercial land
    • 21.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-1436632
    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

    • Doug's Tow Salvage & Repair / Auto Parts Store

    Property Details for 2607 Redbud Rd

    Lot size
    21.20 lot acres
    Zone code
    AR
    Property type
    Commercial land
    APN
    07200-00-000-0140
    APU
    7200000000140

    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
    Alleghany
    State
    Virginia
    Longitude
    -80.0286
    Latitude
    37.7411

    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
    0
    $0.00
    $44,600
    $0.00
    $44,600
    -
    $44,600
    $0.00
    $44,600

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      803 Chestnut St

      VACANT COMMERCIAL LAND • 1.52 Acres
      803 Chestnut St, Covington, VA 24426-1955
      View Details
    • Value Estimation by Request
      1.44 Acres

      Chestnut St

      VACANT COMMERCIAL LAND • 1.44 Acres
      Chestnut St, Covington, VA 24426
      View Details
    • Value Estimation by Request
      0.33 Acres

      805 Grayson Ave

      VACANT COMMERCIAL LAND • 0.33 Acres
      805 Grayson Ave, Covington, VA 24426-6353
      View Details
    • Value Estimation by Request
      0.06 Acres

      Highland Ave

      VACANT COMMERCIAL LAND • 0.06 Acres
      Highland Ave, Covington, VA 24426
      View Details
    • Value Estimation by Request
      0.10 Acres

      Lexington Ave

      VACANT COMMERCIAL LAND • 0.10 Acres
      Lexington Ave, Covington, VA 24426
      View Details
    • Value Estimation by Request
      0.10 Acres

      Lexington Ave

      VACANT COMMERCIAL LAND • 0.10 Acres
      Lexington Ave, Covington, VA 24426
      View Details

    Similar Nearby for Sale

    • $645,000

      Forested Acreage with Mountain Views

      Private mountain retreat on 125 acres with custom home.
      2047 Old Horse Mtn Rd, Covington, VA 24426
      View Details
    • Contact for pricing
      3.00 Acres

      Secluded Land in Alleghany County

      3-acre property with hunting opportunities and national forest surroundings.
      1604 Hoke Rd, Covington, VA 24426
      View Details
    • $112,500
      0.59 Acres

      Covington, VA River Access Lot

      0.59 acre lot with river access and available electricity.
      254 River Rd S, Covington, VA 24426
      View Details
    • $49,000

      31.68 Acres Wooded Land

      31.68 acres of wooded land with year-round creek.
      Ogle Creek Rd, Covington, VA 24426
      View Details
    • $229,999
      0.54 Acres

      Covington Commercial Investment Opportunity

      Two commercial buildings with potential for multiple uses in Covington.
      803 S Lexington Ave, Covington, VA 24426
      View Details
    • $325,000
      3,743 SF

      Downtown Covington Commercial Investment Property

      Commercial property in downtown Covington, Virginia, with investment potential.
      228 N Maple Ave, Covington, VA 24426
      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.
    2607 Redbud Rd
    Covington, VA 24426-7012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.