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    13652 James Madison Hwy Palmyra, VA 22963

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    For Sale
    $419,900

    Four-building retail property with existing tenants and income.

    Property size:
    9,067 SF
    Lot size:
    1.17 Acres

    Property Features for 13652 James Madison Hwy

    General Information

    Size
    9,067 SF
    Lot size
    1.17 Acres

    Source: Akarion Realty Agent Corven Flynn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Income Potential

    This property comprises four separate buildings, with the main building offering over 6000 square feet. Currently, the main building houses 10 separate tenants under short-term leases. The property generates a monthly rental income of $4502. The total property size is 9067 square feet. Owner financing is available with a 20% down payment and a 3-to-5-year balloon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Spa & Massage Law Firm Dental Office Hair Salon Auto Repair Shop Clothing Store Nail Salon Garden Center Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Fluvanna
    State
    Virginia
    Longitude
    -78.2633174
    Latitude
    37.8625076

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    FAQs

    What type of property is this?
    Retail space - Four-building retail property with existing tenants and income.
    Where is this retail space located?
    The property is located at 13652 James Madison Hwy Palmyra, VA.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: - Over 6000 sq. ft. main building.; - Owner financing available (3-to-5-year balloon) with 20% down.; - Four separate buildings.
    (434) 996-1830
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    13652 James Madison Hwy Palmyra, VA 22963
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13652 James Madison Hwy Palmyra, VA 22963
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