505 LexingtonCovington, VA 24426

  • Office properties
  • 7,260 SF
Off market
$242,900 Estimated

Property Details for 505 Lexington

Year built
1955
Property size (Sq ft)
7,260 SF
Zone code
M1
Property type
Office properties
Property subtype
Office buildings
APN
14---A----21-
APU
14A21

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $796,507
    6.5%
    $735,237
    7%
    $682,720
  • Comparable approach

    Method
    Valuation
    Relative Method
    $921,533
    Geo Method
    $1,666,460
  • Alternative Use

    Use
    Valuation
    Residential
    $911,694
    Hospitality
    $835,107
    Educational
    $694,799
    Medical
    $718,695
    Retail
    $1,080,799
505 Lexington, Covington, Virginia

Location Insight

City
Covington
County
Covington City
State
Virginia
Latitude
37.7854
Longitude
-79.9918

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
$2,065
$78,100
$164,800
$242,900
-
$78,100
$164,800
$242,900

FAQs

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