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    Property profile & analytics

    Monroe Ave Covington, VA 24426

    • Investment properties
    • 10,920 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US87-3279035
    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

    • Investment properties

    Property Details for Monroe Ave

    Year built
    1950
    Lot size
    0.14 lot acres
    Property size
    10,920 SF
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    19---139---6-
    APU
    191396

    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
    -79.9857
    Latitude
    37.7833

    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
    $2,464
    $25,100
    $264,800
    $289,900
    -
    $25,100
    $264,800
    $289,900

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      609 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.08 Acres
      609 Chestnut St, Covington, VA 24426-1906
      View Details
    • Value Estimation by Request
      1.03 Acres

      711 Locust St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.03 Acres
      711 Locust St, Covington, VA 24426-1514
      View Details
    • Value Estimation by Request
      3,000 SF

      2026 Rayon Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      2026 Rayon Dr, Covington, VA 24426-2550
      View Details
    • Value Estimation by Request
      4,732 SF

      Edgemont Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 4,732 SF
      Edgemont Dr, Covington, VA 24426
      View Details
    • Value Estimation
      $340,000
      7,000 SF

      905 Alleghany Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,000 SF
      905 Alleghany Ave, Covington, VA 24426-2003
      View Details
    • Value Estimation
      $730,000
      43,597 SF

      105 Fudge St

      OFFICE/RESIDENTIAL (MIXED USE) • 43,597 SF
      105 Fudge St, Covington, VA 24426-1612
      View Details

    Similar Nearby for Sale

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      31.68 Acres Wooded Land

      31.68 acres of wooded land with year-round creek.
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      Downtown Covington Commercial Investment Property

      Commercial property in downtown Covington, Virginia, with investment potential.
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    • New
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      Remodeled 6,400 sq ft commercial space with endless possibilities.
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    • $645,000

      Forested Acreage with Mountain Views

      Private mountain retreat on 125 acres with custom home.
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    • $229,999
      0.54 Acres

      Covington Commercial Investment Opportunity

      Two commercial buildings with potential for multiple uses in Covington.
      803 S Lexington Ave, Covington, VA 24426
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    • Contact for pricing
      3.00 Acres

      Secluded Land in Alleghany County

      3-acre property with hunting opportunities and national forest surroundings.
      1604 Hoke Rd, Covington, VA 24426
      View Details
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    Monroe Ave
    Covington, VA 24426
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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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