Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
3609 Amherst Hwy Madison Heights, VA 24572-5958
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2943834
Property summary
AI-generated overview
This exceptional 0.6-acre commercial land parcel presents a remarkable investment opportunity in Madison Heights, Virginia. Situated at the highly visible corner of South Amherst Highway (US 29) and Coolwell Road, this property boasts approximately 273 feet of frontage on US 29 and 246 feet on Coolwell Road. The strategic location at a signalized intersection ensures maximum exposure and accessibility for any commercial venture. The property is zoned B-2 General Commercial, allowing for a wide range of development possibilities. County water and sewer services are readily available, simplifying the development process. This prime location is situated on a main commercial corridor within a rapidly redeveloping area of Madison Heights, promising significant future growth and return on investment. The parcel's address is 3609 S Amherst Hwy, Madison Heights, VA 24572, with the APN 138B-A-20. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving location. The asking price is $250,000.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1939
Construction
BRICK
Total area
1,431 SF
Lot
0.58 ac (25,352 SF)
Zoning code
R2
APN
138B A 20
UPID
US87-2943834
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Suzanne M Slade · 10 yrs held
Suzanne M Slade
since 2016
1 recorded transaction
Zoning & alternative use
R2 · Madison Heights, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$804
Tax year 2024
Assessed value
$131,800
Assessed 2024
Previous assessed
$131,800
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$126,800
Assessed improvement
$5,000
Land market value
$126,800
Improvement market value
$5,000
Total market value
$131,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1939
Construction
BRICK
Heating
SPACE
Cooling
YES
Stories
1
Rooms
3
Total area
1,431 SF
Lot
0.58 ac (25,352 SF)
Zoning code
R2
APN
138B A 20
UPID
US87-2943834
Jurisdiction
AMHERST
Zoning & alternative use
R2 · Madison Heights, VAZoning R2 · permitted uses
R2 · Madison Heights, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1939
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Rooms
3
Lot
0.58 ac
Current owner
From public records · entity-resolved
Suzanne M Slade
Individual
Free & Clear · 10 yrs held
Mailing address
312 WESTOVER BLVD, LYNCHBURG, VA 24501-3640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2016
—
Suzanne M Slade
Estate Of Giles R Slade
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3609 Amherst Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
