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    Property profile & analytics

    201 Washington Hwy Ashland, VA 23005

    • Commercial real estate
    • 20,652 SF
    • 1.53 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US87-0947299
    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

    • Slow Paths Wellness / Acupuncture Clinic / Acupuncturist
    • A16 Coding Training Institute / Adult Education School / Service Establishment
    • Dr. Donald T. Ganley, MD / Internist
    • Commonwealth Clinical Services, LLP / Psychologist
    • Ashland Internal Medicine / Internist / Medical Clinic

    Property Details for 201 Washington Hwy

    Year built
    1976
    Lot size
    1.53 lot acres
    Property size
    20,652 SF
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    7880-01-4888
    APU
    7880014888

    Description

    This exceptional office property, located at 201 N Washington Hwy in Ashland, Virginia (zip code 23005), offers a total of 19,494 square feet of traditional office space. Currently, 3,418 square feet is immediately available for lease, with a minimum leasable space of 1,151 square feet. The building is situated in the desirable Ashland submarket of Hanover County. This presents a fantastic opportunity for businesses seeking flexible and modern office accommodations. The property's convenient location provides easy access to local amenities and transportation networks, making it an ideal choice for companies of various sizes. The "move-in ready" condition ensures a seamless transition for new tenants, minimizing downtime and maximizing productivity. The building's traditional office layout offers a classic and professional atmosphere, suitable for a wide range of businesses. Interested parties are encouraged to inquire about lease terms and available space configurations. This is a rare opportunity to secure high-quality office space in a thriving community. The property is conveniently located in the Ashland submarket of Hanover 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
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.4706
    Latitude
    37.76
    CBSA code
    40060
    CBSA name
    RICHMOND, 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
    $20,755
    $810,800
    $1,751,500
    $2,562,300
    -
    $810,800
    $1,751,500
    $2,562,300

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    201 Washington Hwy
    Ashland, VA 23005
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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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