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    Tbd Riley Lebanon, VA 24266

    • Land
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Riley

    Lot size
    0.25 lot acres
    Property type
    Land

    Description

    This exceptional 0.25-acre commercial land parcel presents a unique investment opportunity in the vibrant town of Lebanon, Virginia. Located in a high-visibility mixed-use shopping plaza, this property benefits from significant foot traffic and excellent exposure. Its strategic location offers easy access to the amenities and conveniences of downtown Westfield, which is within convenient walking distance. The property's value is further enhanced by the development of new luxury apartments in the immediate vicinity, promising increased population density and a growing consumer base in the coming months. This translates to a strong potential for future appreciation and a diverse range of development possibilities, making it an ideal site for a variety of commercial ventures. The asking price is $11,500. The property is zoned for commercial use and is ready for immediate development. The address is TBD Riley Street, Lebanon, VA 24266. This is a rare opportunity to acquire a well-situated commercial lot in a rapidly developing area. Don't miss out on this chance to secure a prime piece of real estate in a thriving community. The property is situated in Russell County, Virginia.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Russell
    State
    Virginia
    Longitude
    -82.1079
    Latitude
    36.8885

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      0.40 Acres

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    Similar Nearby for Lease

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    Tbd Riley
    Lebanon, VA 24266
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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
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