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    Property profile & analytics

    421 3rd St Covington, IN 47932

    • Car washes
    • 1,124 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 05, 2021
    Location Intelligence
    Property ID
    US31-2279125
    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 421 3rd St

    Year built
    1991
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    1,124 SF
    Property type
    Car washes
    APN
    23-06-35-225-016.002-016
    APU
    230635225016002016

    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
    Fountain
    State
    Indiana
    Longitude
    -87.3983
    Latitude
    40.1379

    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
    $646
    $10,200
    $18,600
    $28,800
    -
    $10,200
    $18,600
    $28,800

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      121 11th St

      CAR WASH • 0.41 Acres
      121 11th St, Covington, IN 47932
      View Details
    • Value Estimation
      $260,000
      3,200 SF

      12377 600th W

      AUTO REPAIR, GARAGE • 3,200 SF
      12377 600th W, Covington, IN 47932-7903
      View Details
    • Value Estimation
      $355,000
      8,579 SF

      408 Liberty St

      AUTO REPAIR, GARAGE • 8,579 SF
      408 Liberty St, Covington, IN 47932-1244
      View Details
    • Value Estimation by Request
      1,494 SF

      1015 Liberty St

      AUTO REPAIR, GARAGE • 1,494 SF
      1015 Liberty St, Covington, IN 47932-1626
      View Details
    • Value Estimation by Request
      1,664 SF

      602 Market St

      AUTO REPAIR, GARAGE • 1,664 SF
      602 Market St, Covington, IN 47932-1051
      View Details
    • Value Estimation
      $85,000
      2,837 SF

      210 3rd St

      AUTO REPAIR, GARAGE • 2,837 SF
      210 3rd St, Covington, IN 47932-1215
      View Details

    Similar Nearby for Sale

    • $825,000
      8,000 SF

      Net Leased Dollar General, IN

      High-yield, single-tenant retail investment.
      421 Jefferson St, Covington, IN 47932
      View Details
    • $825,000
      8,000 SF

      NNN Leased Dollar General Store

      Long-term NNN leased Dollar General in downtown Covington, Indiana.
      421 Jefferson St, Covington, IN 47932
      View Details
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    421 3rd St
    Covington, IN 47932
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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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