4673 AmherstMadison Heights, VA 24572

  • Motels
  • 9,964 SF
Off market
$10,098,840 Estimated

Property Details for 4673 Amherst

Year built
1976
Lot size
1.01 AC
Property size (Sq ft)
9,964 SF
Zone code
M1
Property type
Motels
APN
156 1 4
APU
15614

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,226,450
    6.5%
    $1,132,110
    7%
    $1,051,240
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,944,070
    Geo Method
    $1,944,070
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,284,720
    Retail / Commercial
    $1,641,880
    Mixed-Use / Specialty
    $1,602,530
    Office
    $1,558,110
    Institutional / Educational
    $1,654,010
    Residential Income
    $1,935,190
    Multifamily
    $2,506,670
    Automotive / Energy
    $1,417,720
    Parking / Income-Based Land
    $522,334
    Restaurant / Food Service
    $761,994
    Healthcare / Senior Housing
    $1,677,710

Location Insight

City
Madison Heights
County
Amherst
State
Virginia
Latitude
37.4461
Longitude
-79.1194
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
$3,630
$219,500
$375,600
$595,100
-
$219,500
$375,600
$595,100

FAQs

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