Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2794 Valley Pike Harrisonburg, VA 22802

    • Commercial real estate
    • 1.58 lot acres
    For Sale
    View listing
    $1,795,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-2876571
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Donovan's Used Cars / Used Car Dealer / Motorcycle Dealer

    Property Details for 2794 Valley Pike

    Year built
    1992
    Lot size
    1.58 lot acres
    Zone code
    GENERAL BUSINESS DIST
    Property type
    Commercial real estate
    APN
    95-(A)- L66B
    APU
    95AL66B

    Description

    This exceptional 5.79-acre property in Harrisonburg, VA (2794 N Valley Pike, 22802) presents a unique redevelopment opportunity. The site includes a 7,000 square foot building currently operating as an auto shop, offering significant potential for various commercial uses. The property boasts a desirable location with excellent frontage on North Valley Pike, just one mile south of I-81 exit 251, providing easy access to major transportation routes. The land is comprised of six parcels, with 5.02 acres zoned B1 and 0.775 acres zoned R2, allowing for diverse development options. Built in 1992, the existing structure offers immediate income potential or a solid foundation for renovation. The asking price is $1,795,000, translating to $256.43 per square foot. This owner-user investment presents a compelling chance to capitalize on a prime location and versatile zoning in a thriving market. The property's size and zoning flexibility make it ideal for a variety of commercial ventures, including but not limited to retail, industrial, or mixed-use developments. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $415,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $455,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $325,000
      Mixed-Use
      $430,000
      Hospitality
      $355,000
      Educational
      $320,000
      Residential Income
      $380,000
      Energy
      $370,000
      Income-Based Land
      $355,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Rockingham
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.8288
    Latitude
    38.4709
    CBSA code
    25500
    CBSA name
    HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,269
    $100,000
    $233,700
    $333,700
    -
    $100,000
    $233,700
    $333,700

    Comparable in this City

    • Value Estimation by Request
      12.08 Acres

      3634 Vly Pike

      COMMERCIAL (GENERAL) • 12.08 Acres
      3634 Vly Pike, Rockingham, VA 22802-1111
      View Details
    • Value Estimation by Request
      100 SF

      Harrisonburg, VA 22802

      COMMERCIAL (GENERAL) • 100 SF
      Harrisonburg, VA 22802
      View Details
    • Value Estimation
      $315,000
      44.55 Acres

      3930 Cromer Rd

      COMMERCIAL (GENERAL) • 44.55 Acres
      3930 Cromer Rd, Rockingham, VA 22802-1029
      View Details
    • Value Estimation
      $625,000
      1,905 SF

      3731 Vly Pike

      COMMERCIAL (GENERAL) • 1,905 SF
      3731 Vly Pike, Harrisonburg, VA 22802
      View Details
    • Value Estimation
      $470,000
      1.14 Acres

      2763 Vly Pike

      COMMERCIAL (GENERAL) • 1.14 Acres
      2763 Vly Pike, Rockingham, VA 22802-1102
      View Details
    • Value Estimation
      $320,000
      4.26 Acres

      3965 Vly Pike

      COMMERCIAL (GENERAL) • 4.26 Acres
      3965 Vly Pike, Harrisonburg, VA 22802
      View Details

    Similar Nearby for Sale

    • $195,000
      1.16 Acres

      Harrisonburg Commercial Land - $195K

      1.16-acre lot, M1 zoning, prime location.
      1420 Technology Dr, Harrisonburg, VA 22802
      View Details
    • $155,000
      0.94 Acres

      Harrisonburg Commercial Land - M1 Zoning

      0.94-acre lot, prime Harrisonburg location.
      1410 Technology Dr, Harrisonburg, VA 22802
      View Details
    • $1,225,000
      17.70 Acres

      I-81 Frontage: 17 Acres in VA

      Prime Commercial Land, I-81 Access
      3772 Valley Pike, Harrisonburg, VA 22802
      View Details
    • $895,000
      1.46 Acres

      Harrisonburg Commercial Land Opportunity

      1.46 Acres, High-Visibility Location
      1391 Main St, Harrisonburg, VA 22802
      View Details
    • $1,795,000
      5.79 Acres

      Harrisonburg Commercial Property

      Prime 7,000 SF Auto Shop & Land
      2794 Valley Pike, Harrisonburg, VA 22802
      View Details
    • $960,400
      12.00 Acres

      Harrisonburg Industrial Land - 12 Acres

      Prime 12-acre commercial/industrial lot in Harrisonburg, VA
      0 Mount Clinton Pike, Harrisonburg, VA 22802
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      6,600 SF

      Harpine Highway Flex Space

      Unique warehouse/retail space available.
      3315 Harpine Hwy, Harrisonburg, VA 22802
      View Details
    • $5 SF/Yr
      10,000 SF

      1047 Mt Clinton Pike

      Distribution properties • 10,000 SF
      1047 Mount Clinton Pike, Harrisonburg, VA 22802
      View Details
    • $1.00 SF/Yr

      Harrisonburg Warehouse Space For Lease

      Flexible 3,100 SF warehouse space with easy I-81 access.
      1680 Country Club Rd, Harrisonburg, VA 22802
      View Details
    • $12 SF/Yr
      12,920 SF

      Versatile Commercial Space in Harrisonburg

      12,920 SF commercial space suitable for retail, warehouse, or flex.
      60 E Rock St, Harrisonburg, VA 22802
      View Details
    • $20 SF/Yr
      6,174 SF

      Retail Space Near James Madison

      6,174 SF retail space for lease near JMU.
      351 N Mason St, Harrisonburg, VA 22802
      View Details
    • $1.00 SF/Yr
      54,450 SF

      New Construction Warehouse/Flex Space

      New 11,000 sq ft warehouse/flex space available for lease.
      975 Sawtooth Oak Cir, Harrisonburg, VA 22802
      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.
    2794 Valley Pike
    Harrisonburg, VA 22802
    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
    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.