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    Property profile & analytics

    1071 Merchants Ln Oilville, VA 23129

    • Industrial properties
    • 28,704 SF
    • 6.62 lot acres
    OFF-MARKET
    Value Estimation
    $575,000
    Location Intelligence
    Property ID
    US87-1490517
    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

    • Colonial Construction Materials / Construction Company / Construction Material Wholesaler

    Property Details for 1071 Merchants Ln

    Year built
    1985
    Lot size
    6.62 lot acres
    Property size
    28,704 SF
    Zone code
    M1-INDUS/L
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    45 5 4
    APU
    4554

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $565,000

    • CAP approach

      CAP return
      Estimation
      6%
      $695,000
      6.5%
      $665,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $680,000
      Geo Method
      $820,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $710,000
      Retail
      $520,000
      Mixed-Use
      $520,000
      Hospitality
      $665,000
      Educational
      $615,000
      Residential Income
      $595,000
      Energy
      $670,000
      Income-Based Land
      $690,000
      Food Service
      $655,000

    Location Insight

    • Map
    • Local Demand
    City
    Oilville
    County
    Goochland
    State
    Virginia
    Longitude
    -77.7592
    Latitude
    37.6953
    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
    2021
    $6,808
    $580,700
    $1,106,000
    $1,686,700
    -
    $580,700
    $1,106,000
    $1,686,700

    Comparable in this City

    • Value Estimation by Request
      1,760 SF

      1251 Broad St Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,760 SF
      1251 Broad St Rd, Oilville, VA 23129-2205
      View Details
    • Value Estimation
      $890,000
      9,260 SF

      1075 Merchants Ln

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 9,260 SF
      1075 Merchants Ln, Oilville, VA 23129-2210
      View Details
    • Value Estimation
      $980,000
      8.67 Acres

      2240 Oilville Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8.67 Acres
      2240 Oilville Rd, Oilville, VA 23129
      View Details
    • Value Estimation
      $120,000
      1.23 Acres

      Valpark Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.23 Acres
      Valpark Dr, Oilville, VA 23129
      View Details
    • Value Estimation
      $260,000
      1.98 Acres

      1139 Broad St Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.98 Acres
      1139 Broad St Rd, Oilville, VA 23129-2203
      View Details
    • Value Estimation
      $295,000
      3,932 SF

      1410 Broad St Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,932 SF
      1410 Broad St Rd, Oilville, VA 23129
      View Details

    Similar Nearby for Sale

    • $946,800

      Heavy Industrial Lots For Sale

      Heavy industrial lots available near I-64 in Goochland/Hanover, VA.
      2552 Turkey Creek Rd, Oilville, VA 23129
      View Details
    • $387,000

      Goochland/Hanover Heavy Industrial Lots

      Heavy industrial lots available near I-64 in Goochland/Hanover, VA.
      1524 Pony Farm Rd, Oilville, VA 23129
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    • $565,000

      Land Near I-64

      Land located approximately 1/2 mile from I-64.
      Turkey Creek Rd, Oilville, VA 23129
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    • $649,800

      Heavy Industrial Lots For Sale

      Heavy industrial lots available near I-64 in Goochland/Hanover, VA.
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    1071 Merchants Ln
    Oilville, VA 23129
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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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