Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Stratford Pl Madison Heights, VA 24572
    Back to Search
    Property profile & analytics

    Stratford Pl Madison Heights, VA 24572

    View on Map
    • Land
    • 0.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Stratford Pl

    Lot size
    0.25 lot acres
    Property type
    Land

    Description

    This exceptional 0.25-acre residential lot is situated in the desirable Stratford Place subdivision of Madison Heights, Virginia. Located in Amherst County, with the convenient address of Stratford Pl, zip code 24572, this property offers a fantastic opportunity to build a single-family home. The lot is zoned for residential single-family use, ensuring compliance with local regulations. The APN is 156H 3 42. Enjoy the convenience of nearby amenities, including Walmart and Monelison Middle School. For those seeking higher education, Liberty University is just a short 12-minute drive away. This property is part of a larger development with 40 lots planned, and currently, 4 lots are available. Amherst County water and sewer services are readily available. The asking price for this exceptional lot is $1,348,500. Don't miss this chance to build your dream home in a thriving community. The property's coordinates are latitude 37.45608 and longitude -79.1014487. New homes in the subdivision are priced from the high $200,000s, and other ¼-acre lots are priced from $56,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1014
    Latitude
    37.4561

    Comparable in this City

    • Value Estimation by Request
      3.02 Acres

      150 Riv James Rd Madison Hts

      Land • 3.02 Acres
      150 Riv James Rd Madison Hts, Madison Heights, VA 24572
      View Details
    • Value Estimation by Request
      1.24 Acres

      4023 Amherst Hwy

      Land • 1.24 Acres
      4023 Amherst Hwy, Madison Heights, VA 24572
      View Details
    • Value Estimation by Request
      1.68 Acres

      150 River James Dr

      Land • 1.68 Acres
      150 River James Dr, Madison Heights, VA 24572
      View Details
    • Value Estimation by Request
      7.87 Acres

      Wesley Dr

      Agricultural land / Farmland • 7.87 Acres
      0 Wesley Dr, Madison Heights, VA 24572
      View Details
    • Value Estimation by Request
      5,003 SF

      4068 Amherst Hwy

      FINANCIAL BUILDING • 5,003 SF
      4068 Amherst Hwy, Madison Heights, VA 24572-5997
      View Details
    • Value Estimation by Request
      2,040 SF

      4116 Amherst Hwy

      COMMERCIAL (GENERAL) • 2,040 SF
      4116 Amherst Hwy, Madison Heights, VA 24572-5964
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Buildable Lot in Madison Heights

      One-acre buildable lot near Route 130 with utilities access.
      115 Morgan Rd, Madison Heights, VA 24572
      View Details
    • Contact for pricing

      Corner Commercial Land For Sale

      Corner lot with commercial zoning and utilities available.
      3609 S Amherst Hwy, Madison Heights, VA 24572
      View Details
    • $164,000
      12.97 Acres

      Undeveloped Land in Madison Heights

      12.97 acres of undeveloped land zoned for single-family residences.
      Cherry Ln, Madison Heights, VA 24572
      View Details
    • Contact for pricing

      Commercial Land on Route 29

      1.26 acre commercial land parcel with high visibility.
      4023 S Amherst Hwy, Madison Heights, VA 24572
      View Details
    • Contact for pricing

      Commercial Land on US Route

      1.26 acre commercial land parcel with high visibility.
      4023 S Amherst Hwy, Madison Heights, VA 24572
      View Details
    • New
      $639,900
      31.94 Acres

      31.9 Acres Buildable Land

      31.9 acres of prime land in Madison Heights, VA.
      Wright Shop Rd, Madison Heights, VA 24572
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,700 SF

      Retail Space in Madison Heights

      Retail space available within established shopping center.
      161-179 Madison Heights Sq, Madison Heights, VA 24572
      View Details
    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      175 Madison Heights Sq, Madison Heights, VA 24572
      View Details
    Request Owner's contact information
    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.
    Stratford Pl
    Madison Heights, VA 24572
    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
    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

    Thank You for Inquiry
    Stratford Pl, Madison Heights, VA, 24572
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!