2501 ElonMadison Heights, VA 24572
- Retail space
- 3,270 SF
Off market
$9,668,050 Estimated
Property Details for 2501 Elon
- Year built
- 1964
- Construction
- FRAME
- Lot size
- 0.96 AC
- Property size (Sq ft)
- 3,270 SF
- Zone code
- V1
- Property type
- Retail space
- APN
- 121 A 33
- APU
- 121A33
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $583,736
- 6.5%
- $538,834
- 7%
- $500,345
-
Comparable approach
- Method
- Valuation
- Relative Method
- $780,620
- Geo Method
- $780,620
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $1,077,980
- Mixed-Use / Specialty
- $525,919
- Hospitality / Lodging
- $371,537
- Office
- $511,344
- Institutional / Educational
- $542,815
- Residential Income
- $635,093
- Multifamily
- $822,642
- Automotive / Energy
- $465,270
- Parking / Income-Based Land
- $171,420
- Restaurant / Food Service
- $250,072
- Healthcare / Senior Housing
- $550,594
Location Insight
- City
- Madison Heights
- County
- Amherst
- State
- Virginia
- Latitude
- 37.5154
- Longitude
- -79.1977
- 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
2024
$1,238
$60,000
$143,000
$203,000
-
$60,000
$143,000
$203,000
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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