116 SpotswoodElkton, VA 22827

  • Medical offices
  • 0.06 AC
Off market
$107,200 Estimated

Property Details for 116 Spotswood

Year built
1981
Lot size
0.06 AC
Zone code
GENERAL BUSINESS DIST
Property type
Medical offices
Property subtype
Medical space
APN
131B1-(4)-B 25 L6
APU
131B14B25L6

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $728,581
    6.5%
    $672,536
    7%
    $624,498
  • Comparable approach

    Method
    Valuation
    Relative Method
    $540,038
    Geo Method
    $540,038
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,300,610
    Retail / Commercial
    $671,539
    Mixed-Use / Specialty
    $672,764
    Hospitality / Lodging
    $498,297
    Institutional / Educational
    $700,697
    Residential Income
    $819,815
    Multifamily
    $963,180
    Automotive / Energy
    $600,597
    Parking / Income-Based Land
    $203,683
    Restaurant / Food Service
    $357,633
    Healthcare / Senior Housing
    $686,196

Location Insight

City
Elkton
County
Rockingham
State
Virginia
Latitude
38.4094
Longitude
-78.6197
CBSA code
25500
CBSA name
HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

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
$729
$5,400
$101,800
$107,200
-
$5,400
$101,800
$107,200

FAQs

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