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    Property profile & analytics

    1129 Thomas Jefferson Rd Forest, VA 24551

    • Commercial real estate
    • 0.78 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimation
    Last Sale
    Jun 03, 2022
    $950,000
    Location Intelligence
    Property ID
    US87-2128506
    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

    • Winey Chicks Boutique / Boutique / Coffee Store

    Property Details for 1129 Thomas Jefferson Rd

    Lot size
    0.78 lot acres
    Property type
    Commercial real estate
    APN
    117 A 36
    APU
    117A36

    Description

    This exceptional commercial property at 1129 Thomas Jefferson Road, Forest, VA 24551, presents a unique investment opportunity. Situated on a 0.79-acre lot with ample road frontage on Thomas Jefferson Road and Burnbridge Road, this single-tenant building offers 6,885 square feet of space. The main floor comprises 5,076 square feet of finished creative office space, ideal for a variety of businesses. Additional unfinished mezzanine space on the second floor provides significant expansion potential. The property boasts 37 parking spaces, ensuring ample convenience for employees and clients. Located in a rapidly growing area of Bedford County, this property benefits from easy access to US Route 221, a major transportation artery. The property is zoned C-2 and features single-phase power. This is a high-income-potential property with significant upside for investors seeking a prime location in the thriving Forest submarket. The property is currently fully occupied.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,030,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,060,000
      6.5%
      $1,035,000
      7%
      $905,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,125,000
      Geo Method
      $915,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,045,000
      Retail
      $1,050,000
      Mixed-Use
      $1,145,000
      Hospitality
      $875,000
      Educational
      $940,000
      Residential Income
      $830,000
      Energy
      $1,120,000
      Income-Based Land
      $830,000
      Food Service
      $920,000

    Location Insight

    • Map
    • Local Demand
    City
    Forest
    County
    Bedford
    State
    Virginia
    Longitude
    -79.2867
    Latitude
    37.3627
    CBSA code
    31340
    CBSA name
    LYNCHBURG, 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
    2023
    $3,849
    $0.00
    $0.00
    $469,450
    -
    $169,900
    $769,000
    $938,900

    Comparable in this City

    • Value Estimation by Request
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      0.74 Acres

      5128 Waterlick Rd

      COMMERCIAL (GENERAL) • 0.74 Acres
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      3,910 SF

      Whitfield Dr

      COMMERCIAL (GENERAL) • 3,910 SF
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      COMMERCIAL (GENERAL) • 2,158 SF
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    • Value Estimation by Request
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      101 Annjo Ct

      COMMERCIAL (GENERAL) • 3,000 SF
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      View Details

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    Similar Nearby for Lease

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      Retail Cottage in Prime Location

      1,830 SF retail cottage in growing Forest, VA.
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      Retail Space in Forest, Virginia

      Retail spaces available in Food Lion anchored shopping center.
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    • $18 SF/Yr

      Forest, VA Office Space for Lease

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    1129 Thomas Jefferson Rd
    Forest, VA 24551
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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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