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    Property profile & analytics

    512 Monroe Ave Covington, VA 24426-1846

    • Office buildings
    • 11,136 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US87-2507358
    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

    • Driven Designs / Graphic Designer
    • Oliver Distributing Co / Rubber Products Supplier / Cleaning Products Supplier

    Property Details for 512 Monroe Ave

    Year built
    1946
    Lot size
    0.24 lot acres
    Property size
    11,136 SF
    Zone code
    C3
    Property type
    Office buildings
    APN
    14---132--12-
    APU
    1413212

    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
    Covington City
    State
    Virginia
    Longitude
    -79.9889
    Latitude
    37.787

    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
    $2,574
    $36,400
    $266,400
    $302,800
    -
    $36,400
    $266,400
    $302,800

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      609 Chestnut St

      OFFICE BUILDING • 0.43 Acres
      609 Chestnut St, Covington, VA 24426-1906
      View Details
    • Value Estimation
      $340,000
      18,696 SF

      825 Edgemont Dr

      OFFICE BUILDING • 18,696 SF
      825 Edgemont Dr, Covington, VA 24426-2759
      View Details
    • Value Estimation
      $215,000
      9,368 SF

      118 Lexington Ave

      OFFICE BUILDING • 9,368 SF
      118 Lexington Ave, Covington, VA 24426-1711
      View Details
    • Value Estimation
      $315,000
      19,800 SF

      128 Maple Ave

      OFFICE BUILDING • 19,800 SF
      128 Maple Ave, Covington, VA 24426-1545
      View Details
    • Value Estimation
      $395,000
      5,040 SF

      337 Riverside St

      OFFICE BUILDING • 5,040 SF
      337 Riverside St, Covington, VA 24426-1218
      View Details
    • Value Estimation by Request
      2,072 SF

      275 Main St

      OFFICE BUILDING • 2,072 SF
      275 Main St, Covington, VA 24426-1542
      View Details

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    512 Monroe Ave
    Covington, VA 24426-1846
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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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