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    Property profile & analytics

    316 National Hwy Washington, IN 47501-4039

    • Office Properties & Spaces
    • 1,938 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US31-1587687
    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

    • Office Properties & Spaces

    Property Details for 316 National Hwy

    Year built
    1960
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.33 lot acres
    Property size
    1,938 SF
    Property type
    Office Properties & Spaces
    APN
    14-10-34-102-109.000-017
    APU
    141034102109000017

    Description

    This exceptional 0.33-acre commercial lot, located at 316 E National Highway in Washington, Indiana, presents a unique investment opportunity. Situated at the highly visible northwest corner of Highway 50 and State Road 57, this property boasts unparalleled accessibility and exposure to a substantial daily traffic flow. The 1,938 square foot building offers versatile space suitable for a wide range of commercial uses, from retail establishments to professional offices. Its adaptable floor plan and convenient two-bay garage add significant value and functionality. The property's central location within Washington, Indiana, ensures proximity to a thriving community and established infrastructure. This prime commercial real estate is ready for immediate development or occupancy, offering limitless potential for a discerning investor or business owner seeking a high-impact location. The property is zoned for commercial use and is conveniently accessible from two major highways, maximizing visibility and ease of access for customers and employees. This is an exceptional opportunity to establish a thriving business in a highly desirable location. The asking price is $399,000. Don't miss this chance to secure a prominent presence in a growing Indiana market.

    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
    -87.1712
    Latitude
    38.6526
    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
    $2,469
    $14,700
    $67,600
    $82,300
    -
    $14,700
    $67,600
    $82,300

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    316 National Hwy
    Washington, IN 47501-4039
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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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