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    Property profile & analytics

    1 Church St Martinsville, VA 24112-6232

    • Retail space
    • 8,769 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US87-3124355
    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

    • United States Government Army / Military Base
    • The Ground Floor / Coffee Shop
    • United States Postal Service / Post Office / Logistics Service
    • Bespoke & Holt Salon / Hair Salon
    • Done Deal Home Buyers LLC / Real Estate Agency

    Property Details for 1 Church St

    Year built
    1914
    Lot size
    0.07 lot acres
    Property size
    8,769 SF
    Zone code
    C-UB
    Property type
    Retail space
    APN
    32 (01 )I /07
    APU
    3201I07

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $255,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $235,000
      Mixed-Use
      $310,000
      Hospitality
      $270,000
      Educational
      $250,000
      Residential Income
      $295,000
      Energy
      $285,000
      Income-Based Land
      $305,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.8731
    Latitude
    36.6911
    CBSA code
    32300
    CBSA name
    MARTINSVILLE, VA MICROPOLITAN 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
    $4,705
    $7,800
    $467,500
    $475,300
    -
    $7,800
    $467,500
    $475,300

    Comparable in this City

    • Value Estimation by Request
      560 SF

      401 Brg S St

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      401 Brg S St, Martinsville, VA 24112-3609
      View Details
    • Value Estimation by Request
      6,400 SF

      21 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,400 SF
      21 Main St, Martinsville, VA 24112-2719
      View Details
    • Value Estimation by Request
      1,220 SF

      54 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,220 SF
      54 Main St, Martinsville, VA 24112-2722
      View Details
    • Value Estimation
      $240,000
      7,920 SF

      29 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,920 SF
      29 Main St, Martinsville, VA 24112-2719
      View Details
    • Value Estimation
      $355,000
      6,630 SF

      15 Church St

      RETAIL STORES (PERSONAL SERVICES) • 6,630 SF
      15 Church St, Martinsville, VA 24112-6207
      View Details
    • Value Estimation by Request
      6,288 SF

      105 Jones St

      RETAIL STORES (PERSONAL SERVICES) • 6,288 SF
      105 Jones St, Martinsville, VA 24112
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Martinsville

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    • Contact for pricing
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      Patrick Henry Mall Office Suites

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    • $15 SF/Yr
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      Martinsville Office Building For Sale

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    1 Church St
    Martinsville, VA 24112-6232
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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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