1607 TappahannockTappahannock, VA 22560

  • Turn key restaurants
  • 4,112 SF
Off market
$859,010 Estimated

Property Details for 1607 Tappahannock

Year built
1978
Lot size
0.83 AC
Property size (Sq ft)
4,112 SF
Zone code
CG2
Property type
Turn key restaurants
APN
37 33
APU
3733

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,224,560
    6.5%
    $1,130,370
    7%
    $1,049,630
  • Comparable approach

    Method
    Valuation
    Relative Method
    $714,215
    Geo Method
    $714,215
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,213,970
    Mixed-Use / Specialty
    $1,122,440
    Hospitality / Lodging
    $818,423
    Office
    $1,111,710
    Institutional / Educational
    $1,165,490
    Residential Income
    $1,363,620
    Multifamily
    $1,657,070
    Automotive / Energy
    $998,992
    Parking / Income-Based Land
    $348,591
    Restaurant / Food Service
    $575,471
    Healthcare / Senior Housing
    $1,155,040

Location Insight

City
Tappahannock
County
Essex
State
Virginia
Latitude
37.9039
Longitude
-76.8672

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
2024
$6,271
$506,170
$352,840
$859,010
-
$506,170
$352,840
$859,010

FAQs

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