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    Property profile & analytics

    506 4th St Covington, IN 47932-1127

    • Individual retail properties
    • 7,680 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $570,000
    Last Sale
    Mar 02, 2020
    Location Intelligence
    Property ID
    US31-2436522
    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

    • Individual retail properties

    Property Details for 506 4th St

    Year built
    2020
    Construction
    WOOD
    Lot size
    0.40 lot acres
    Property size
    7,680 SF
    Property type
    Individual retail properties
    APN
    23-06-35-224-023.000-016
    APU
    230635224023000016

    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
    -87.3966
    Latitude
    40.1389

    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
    $8,851
    $35,000
    $359,800
    $394,800
    -
    $35,000
    $359,800
    $394,800

    Comparable in this City

    • Value Estimation by Request
      1,760 SF

      314 Liberty St

      RETAIL STORES (PERSONAL SERVICES) • 1,760 SF
      314 Liberty St, Covington, IN 47932-1243
      View Details
    • Value Estimation by Request
      1,890 SF

      2522 Us Hwy 136

      RETAIL STORES (PERSONAL SERVICES) • 1,890 SF
      2522 Us Hwy 136, Covington, IN 47932-8102
      View Details
    • Value Estimation
      $350,000
      5,616 SF

      401 Washington St

      FINANCIAL BUILDING • 5,616 SF
      401 Washington St, Covington, IN 47932-1258
      View Details
    • Value Estimation
      $370,000
      4,500 SF

      147 Stringtown Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      147 Stringtown Rd, Covington, IN 47932-8002
      View Details
    • Value Estimation by Request
      2.30 Acres

      1050 1650th N

      RETAIL STORES (PERSONAL SERVICES) • 2.30 Acres
      1050 1650th N, Covington, IN 47932-7041
      View Details
    • Value Estimation by Request
      1,586 SF

      315 Washington St

      FINANCIAL BUILDING • 1,586 SF
      315 Washington St, Covington, IN 47932-1256
      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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    506 4th St
    Covington, IN 47932-1127
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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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