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    Property profile & analytics

    105 Commonwealth W Blvd Martinsville, VA 24112-1806

    • Drug stores
    • 14,409 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimation
    $4,880,000
    Last Sale
    May 20, 2022
    $4,790,000
    Location Intelligence
    Property ID
    US87-2516296
    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

    • MedExpress Urgent Care / Occupational Health Service / Walk-In Clinic

    Property Details for 105 Commonwealth W Blvd

    Year built
    2004
    Lot size
    1.60 lot acres
    Property size
    14,409 SF
    Zone code
    ED-G
    Property type
    Drug stores
    APN
    22 (10 )00 /B
    APU
    221000B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,930,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,155,000
      6.5%
      $5,195,000
      7%
      $4,290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,590,000
      Geo Method
      $4,340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,875,000
      Retail
      $4,480,000
      Mixed-Use
      $5,705,000
      Hospitality
      $5,535,000
      Educational
      $5,325,000
      Residential Income
      $4,930,000
      Energy
      $4,390,000
      Income-Based Land
      $4,125,000
      Food Service
      $4,740,000

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.875
    Latitude
    36.695
    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
    $23,001
    $487,900
    $1,835,400
    $2,323,300
    -
    $487,900
    $1,835,400
    $2,323,300

    Comparable in this City

    • Value Estimation by Request
      13,024 SF

      762 Church St

      DRUG STORE, PHARMACY • 13,024 SF
      762 Church St, Martinsville, VA 24112-3148
      View Details
    • 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
      62,748 SF

      1 Ellsworth St

      FINANCIAL BUILDING • 62,748 SF
      1 Ellsworth St, Martinsville, VA 24112-2845
      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 by Request
      44,319 SF

      3 Starling Ave

      GYM, HEALTH SPA • 44,319 SF
      3 Starling Ave, Martinsville, VA 24112-2921
      View Details

    Similar Nearby for Sale

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      Martinsville Commercial Property For Sale

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Martinsville

      Retail space available on Commonwealth Blvd in Martinsville, VA.
      100 West Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • $13 SF/Yr
      13,569 SF

      Martinsville Retail Space for Lease

      13,569 SF Former Pharmacy, High Traffic
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      View Details
    • Contact for pricing
      77,000 SF

      Cloverleaf Shopping Center Investment

      Martinsville, VA retail center opportunity
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      View Details
    • $12 SF/Yr
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      Martinsville Retail Space: 6,075 SF

      Prime retail space in thriving Martinsville, VA.
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    • Contact for pricing
      288,254 SF

      Martinsville Retail Center Investment

      Grocery-anchored power center, high traffic.
      240 Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      213,869 SF

      Patrick Henry Mall Office Suites

      Martinsville, VA Executive Office Space Available
      730 Church St, Martinsville, VA 24112
      View Details
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    105 Commonwealth W Blvd
    Martinsville, VA 24112-1806
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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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