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    Property profile & analytics

    109 Lew Dewitt Blvd Waynesboro, VA 22980-1660

    • Commercial real estate
    • 50,986 SF
    • 7.40 lot acres
    OFF-MARKET
    Value Estimation
    $945,000
    Location Intelligence
    Property ID
    US87-3276434
    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

    • Dragon's Chinese Grill / Chinese Restaurant / Takeout Restaurant
    • Kroger Money Services / Money Transfer Service / Money Order Service
    • Cardtronics ATM / Atm
    • FedEx Drop Box / Mailing Service
    • BoxDrop Mattress and Furniture Shenandoah / Furniture Store / Bedroom Furniture Store

    Property Details for 109 Lew Dewitt Blvd

    Year built
    1993
    Construction
    LIGHT FRAME
    Lot size
    7.40 lot acres
    Property size
    50,986 SF
    Zone code
    H-B
    Property type
    Commercial real estate
    APN
    21 1 - 66W1
    APU
    21166W1

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $970,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,080,000
      6.5%
      $1,085,000
      7%
      $955,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,190,000
      Geo Method
      $1,170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $890,000
      Retail
      $1,035,000
      Mixed-Use
      $935,000
      Hospitality
      $990,000
      Educational
      $1,090,000
      Residential Income
      $930,000
      Energy
      $870,000
      Income-Based Land
      $1,115,000
      Food Service
      $960,000

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Waynesboro City
    State
    Virginia
    Longitude
    -78.932
    Latitude
    38.0823
    CBSA code
    44420
    CBSA name
    STAUNTON-WAYNESBORO, 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
    $18,621
    $1,771,800
    $646,500
    $2,418,300
    -
    $1,771,800
    $646,500
    $2,418,300

    Comparable in this City

    • Value Estimation by Request
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      Land • 11.00 Acres
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      11.00 Acres

      200 Shenandoah Village Dr

      Land • 11.00 Acres
      200 Shenandoah Village Dr, Waynesboro, VA 22980
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    • Value Estimation by Request
      3,246 SF

      800 Main St

      COMMERCIAL (GENERAL) • 3,246 SF
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      442 SF

      27 Stoneridge Dr

      COMMERCIAL CONDOMINUIM • 442 SF
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    • Value Estimation by Request
      442 SF

      29 Stoneridge Dr, Unit 305

      COMMERCIAL CONDOMINUIM • 442 SF
      29 Stoneridge Dr, Waynesboro, VA 22980-6598
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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    • $1.00 SF/Yr

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      Retail spaces available in established shopping center near Walmart.
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      Versatile Commercial Space in Waynesboro

      2,022 SF commercial space with kitchen, bar, and offices.
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    • $1.00 SF/Yr

      Private Offices in Waynesboro Building

      Private offices for rent with utilities included and conference room.
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      View Details
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    109 Lew Dewitt Blvd
    Waynesboro, VA 22980-1660
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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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