Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7431 Richmond Hwy Appomattox, VA 24522

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.3 acre parcel on Route 460, ideal for redevelopment.

    Property size:
    3,290 SF
    Lot size:
    2.00 Acres

    Property Features for 7431 Richmond Hwy

    General Information

    Standard status
    Active
    Size
    3,290 SF
    Lot size
    2.00 Acres

    We can help!

    Listing Contact
    Luke J Dykeman
    Source: Exprealty

    Listing Agency: Coldwell Banker Commercial Read & Company Listing Agent: Luke J Dykeman

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

    Learn more

    Property Insight Report

    Overview

    Appomattox Commercial Property on Route 460

    Located on Route 460 in Appomattox, Virginia, this parcel spans approximately 2.3 acres and features 245 feet of road frontage. The property includes a 3,290-square-foot commercial office building and several outbuildings with additional square footage. It is suitable for a variety of uses, including redevelopment, restaurant, office, retail, and medical purposes. The location offers close proximity to numerous retail and office locations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Appomattox
    County
    Appomattox
    State
    Virginia
    Longitude
    -78.8511939
    Latitude
    37.3636249

    Nearby Similar for Sale

    • $1,400,000
      12,000 SF

      Appomattox Industrial Property with Expansion

      Industrial property with warehouse, office space, and expansion potential.
      200 Industrial Park, Appomattox, VA 24522
      View Details
    • New
      $1,100,000
      6,818 SF

      Historic Appomattox Bed & Breakfast

      Stunning English Tudor home operating as a bed and breakfast.
      1670-1694 Church St, Appomattox, VA 24522
      View Details
    • New
      $1,100,000
      6,818 SF

      Historic Appomattox Bed & Breakfast

      Stunning English Tudor home operating as a bed & breakfast.
      1670-1694 Church St, Appomattox, VA 24522
      View Details
    • New
      $1,300,000
      Pending

      Appomattox Commercial Property For Sale

      21,000 SF building near museum and battlefield park.
      1974 Confederate Blvd, Appomattox, VA 24522
      View Details
    • $1,995,000
      3,290 SF

      3,290 SF Commercial Office Building For Sale

      3,290 SF Commercial Office Building For Sale
      7431 Richmond Hwy., Appomattox, VA 24522
      View Details
    • $695,000
      9,999 SF

      Prime Appomattox Commercial Land

      12 Acres, High Visibility, Owner Financing
      9999 Richmond Hwy, Appomattox, VA 24522
      View Details
    • $1,200,000
      6,818 SF

      Historic Appomattox Estate Sale

      Charming Tudor B&B & Venue, 6818 sq ft
      1670-1694 Church St, Appomattox, VA 24522
      View Details
    • $1,995,000
      3,290 SF

      Prime Appomattox Commercial Property

      High-traffic location, versatile building, 2.3 acres.
      7431 Richmond Hwy, Appomattox, VA 24522
      View Details
    • $1,400,000
      12,000 SF

      Appomattox Industrial Park Gem

      Prime 12,000 SF Warehouse & Office
      200 Industrial Park Ln, Appomattox, VA 24522
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.3 acre parcel on Route 460, ideal for redevelopment.
    Where is this commercial land located?
    The property is located at 7431 Richmond Hwy Appomattox, VA.
    What are key features of this property?
    This property features: - Prime location on highly traveled Rt. 460 in Appomattox, VA.; - Boasts 245 ft. of road frontage on Rt. 460.; - Ideal for redevelopment, restaurant, office, retail, or medical use.
    Request Owner's contact information
    7431 Richmond Hwy Appomattox, VA 24522
    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.
    7431 Richmond Hwy
    Appomattox, VA 24522
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7431 Richmond Hwy Appomattox, VA 24522
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Luke J Dykeman
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!