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    Property profile & analytics

    103 Washington St Madison, VA 22727

    • Mixed-use properties
    • 0.64 lot acres
    For Sale
    View listing
    $649,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2984548
    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

    • Mixed-use properties

    Property Details for 103 Washington St

    Year built
    1960
    Lot size
    0.64 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional investment opportunity presents a unique portfolio of four income-generating buildings situated on a 0.64-acre lot in the vibrant town of Madison, Virginia. The property boasts a diverse tenant mix, including a thriving restaurant, a well-established hair salon, and a reputable auto mechanic shop, ensuring consistent cash flow. In addition to the commercial spaces, the property also includes a two-story residential building featuring two apartments and a single-family home, all currently leased. This diversified portfolio provides a robust and resilient income stream, with a reported annual gross income of $100,000. The property's location in Madison offers excellent visibility and accessibility, attracting a steady stream of customers for the commercial tenants and providing a desirable living environment for the residential occupants. This turnkey investment is ideal for an experienced investor seeking a stable and high-yielding portfolio with significant upside potential. The property is offered at $1,300,000, representing a compelling opportunity to acquire a well-established and profitable multi-use property in a thriving Virginia market. The square footage of each building is not currently available, but the total annual income provides a strong indicator of the property's value and potential. This is a rare chance to acquire a diverse and established income-producing property in a desirable location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Virginia
    Longitude
    -78.25573
    Latitude
    38.3821

    Comparable in this City

    • $599,990

      Income Producing Mixed-Use Property

      Mixed-use property featuring apartments and office space for sale.
      121 Main St N, Madison, VA 22727
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    • $399,900
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      Madison Mixed-Use Commercial Building

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    • $4,300,000
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      Prime Madison County Development Opportunity

      91.9 acres in Madison County with commercial and agricultural zoning.
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    • $1,200,000
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      Untouched Land in Madison County

      114.9 acres of vacant land with views and wildlife.
      00-TBD W Hoover Rd, Madison, VA 22727
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    • $845,000

      3.977 Acre Church Property

      Church property on 3.977 acres with redevelopment potential.
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    • New
      $175,000
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      Shelby, VA Commercial Land

      2.1 acre commercial lot on Route 29 corridor.
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    Similar Nearby for Sale

    • $399,900
      960 SF

      Madison Mixed-Use Commercial Building

      High-potential, multi-tenant property in Madison, VA.
      633 Main St, Madison, VA 22727
      View Details
    • $599,990

      Income Producing Mixed-Use Property

      Mixed-use property featuring apartments and office space for sale.
      121 Main St N, Madison, VA 22727
      View Details
    • $1,200,000
      114.90 Acres

      Untouched Land in Madison County

      114.9 acres of vacant land with views and wildlife.
      00-TBD W Hoover Rd, Madison, VA 22727
      View Details
    • $4,300,000
      91.89 Acres

      Prime Madison County Development Opportunity

      91.9 acres in Madison County with commercial and agricultural zoning.
      92 Acres Seminole Trl, Madison, VA 22727
      View Details
    • $845,000

      3.977 Acre Church Property

      Church property on 3.977 acres with redevelopment potential.
      378 John Tucker Rd, Madison, VA 22727
      View Details
    • New
      $175,000
      2.13 Acres

      Shelby, VA Commercial Land

      2.1 acre commercial lot on Route 29 corridor.
      55-38B Seminole Trl N, Shelby, VA 22727
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
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      Madison County Warehouse - 385,000 SF

      Prime Virginia industrial space, available Q1 2025.
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    • $6 SF/Yr
      150,000 SF

      Industrial Space on Route 29N

      Large industrial space with office, warehouse, and distribution features.
      7021 Wolftown Hood Rd, Madison, VA 22727
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    103 Washington St
    Madison, VA 22727
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    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
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