1014 2nd ChurchForest, VA 24551

  • Specialty properties
  • 2,176 SF
Off market
$91,850 Estimated

Property Details for 1014 2nd Church

Year built
1976
Property size (Sq ft)
2,176 SF
Property type
Specialty properties
APN
117 A 21
APU
117A21

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $368,627
    6.5%
    $340,271
    7%
    $315,966
  • Comparable approach

    Method
    Valuation
    Relative Method
    $499,479
    Geo Method
    $499,479
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $717,337
    Retail / Commercial
    $358,563
    Mixed-Use / Specialty
    $349,969
    Hospitality / Lodging
    $247,237
    Office
    $340,271
    Institutional / Educational
    $361,213
    Residential Income
    $422,619
    Multifamily
    $547,422
    Automotive / Energy
    $309,611
    Parking / Income-Based Land
    $114,071
    Restaurant / Food Service
    $166,409
    Healthcare / Senior Housing
    $366,389

Location Insight

City
Forest
County
Bedford
State
Virginia
Latitude
37.3617
Longitude
-79.2819
CBSA code
31340
CBSA name
LYNCHBURG, 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
2023
$753
-
-
$91,850
-
$45,000
$138,700
$183,700

FAQs

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