Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2704 Lake Monticello Rd Palmyra, VA 22963

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $654,000

    Office building in very good condition near Lake Monticello.

    Property size:
    3,078 SF
    Lot size:
    0.56 Acres

    Property Features for 2704 Lake Monticello Rd

    General Information

    Size
    3,078 SF
    Lot size
    0.56 Acres

    Source: R.E. III Commercial Properties Agent William L. Howard, CCIM

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

    Overview

    Office Building Near Lake Monticello

    This office building, totaling 3078 square feet, is located steps from the main entrance of Lake Monticello. The property is in very good condition. It is positioned next door to Crofton Retail and Office Plaza. The building could accommodate multiple office tenants. There is an adjoining property with a three-bay garage and fenced yard totaling 1.4 acres that can be purchased along with this property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Hotel & Motel Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Fluvanna
    State
    Virginia
    Longitude
    -78.3162494
    Latitude
    37.9239271

    Nearby Similar for Sale

    • $319,900

      Fluvanna County Animal Sanctuary Farm

      7-acre farm with cottage and outbuildings in Fluvanna County.
      348 Arrow Head Ln, Palmyra, VA 22963
      View Details
    • $4,000,000
      26,100 SF

      Commercial Property Near Lake Monticello

      Commercial property near Lake Monticello with multiple tenants.
      264 Turkeysag Trl, Palmyra, VA 22963
      View Details
    • $8,900,000
      55,284 SF

      Established Retail Plaza with Development Potential

      Retail/office space with future development opportunity near Lake Monticello.
      101 Crofton Plz, Palmyra, VA
      View Details
    • $419,900
      9,067 SF

      Retail Property with Income Potential

      Four-building retail property with existing tenants and income.
      13652 James Madison Hwy, Palmyra, VA 22963
      View Details
    • $355,000

      Palmyra Specialty Property For Sale

      Specialty property available for purchase in Palmyra, Virginia.
      22 Whippoorwill Ln, Palmyra, VA 22963
      View Details
    • $365,000

      Palmyra Specialty Property For Sale

      Specialty property available for purchase in Palmyra, Virginia.
      64 Woodlawn Dr, Palmyra, VA 22963
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in very good condition near Lake Monticello.
    Where is this office building located?
    The property is located at 2704 Lake Monticello Rd Palmyra, VA.
    What is the asking price?
    The asking price for this property is $654,000.
    What are key features of this property?
    This property features: - Steps to the main entrance of Lake Monticello.; - Very good condition.; - Potential for multiple office tenants.
    (434) 906-1240
    Request Owner's contact information
    2704 Lake Monticello Rd Palmyra, VA 22963
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2704 Lake Monticello Rd
    Palmyra, VA 22963
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2704 Lake Monticello Rd Palmyra, VA 22963
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.