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    Property profile & analytics

    304 National Hwy Washington, IN 47501

    • Parking lots & garages
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2227852
    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

    • Parking lots & garages

    Property Details for 304 National Hwy

    Year built
    2008
    Lot size
    0.08 lot acres
    Property type
    Parking lots & garages
    APN
    14-10-34-201-103.000-017
    APU
    141034201103000017

    Description

    This exceptional commercial property, located at 304 & 308 W National Highway in Washington, Indiana (47501), presents a unique investment opportunity. The 7,000 square foot building sits on a half-acre lot and offers significant potential for a variety of uses. Currently configured as office space, the layout is adaptable to suit diverse business needs. The property boasts a large parking lot, ensuring ample space for clients and employees. Internal features include two ADA-compliant restrooms, a functional kitchen, and a convenient break room. The building is well-maintained, featuring a durable metal roof and two HVAC units for climate control. Recent improvements include the installation of newer curbs and sidewalks, enhancing the property's curb appeal and accessibility. The asking price for this versatile commercial property is $275,000. Its prime location in Daviess County, Indiana, offers excellent visibility and accessibility. This is an ideal opportunity for an investor seeking a strong return or a business looking to establish a prominent presence in a thriving community. The property's size and features make it suitable for a wide range of commercial ventures. Don't miss this chance to acquire a valuable asset in a desirable location.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Daviess
    State
    Indiana
    Longitude
    -87.1791
    Latitude
    38.6528
    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
    $108
    $1,300
    $2,300
    $3,600
    -
    $1,300
    $2,300
    $3,600

    Comparable in this City

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      110 5th St

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      1113 Mccormick Ave

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      0.28 Acres

      506 Railroad St

      PARKING LOT • 0.28 Acres
      506 Railroad St, Washington, IN 47501
      View Details

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    304 National Hwy
    Washington, IN 47501
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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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