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    Property profile & analytics

    115 Hughes Dr Monroe, VA 24574-3411

    • Office buildings
    • 4,424 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    $135,000
    Last Sale
    Dec 02, 2021
    $150,000
    Location Intelligence
    Property ID
    US87-3256531
    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

    • Timeless Aesthetics / Medical Spa / Beauty Supply Store
    • Robin Nail Artist / Nail Salon / Tanning Salon
    • The Final Look Salon / Beauty Salon
    • Glamorous Tanning Salon / Tanning Salon
    • Schmitt & Company Inc. Real Estate / Real Estate Agency

    Property Details for 115 Hughes Dr

    Year built
    1985
    Construction
    FRAME
    Lot size
    0.71 lot acres
    Property size
    4,424 SF
    Zone code
    R2
    Property type
    Office buildings
    APN
    137 2 A
    APU
    1372A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $135,000

    • CAP approach

      CAP return
      Estimation
      6%
      $155,000
      6.5%
      $135,000
      7%
      $145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $125,000
      Geo Method
      $135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $125,000
      Mixed-Use
      $155,000
      Hospitality
      $130,000
      Educational
      $160,000
      Residential Income
      $120,000
      Energy
      $145,000
      Income-Based Land
      $145,000
      Food Service
      $155,000

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1228
    Latitude
    37.4869
    CBSA code
    31340
    CBSA name
    LYNCHBURG, 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
    2024
    $2,206
    $46,400
    $315,200
    $361,600
    -
    $46,400
    $315,200
    $361,600

    Comparable in this City

    • Value Estimation
      $1,165,000
      70,422 SF

      275 Francis Ave

      OFFICE BUILDING • 70,422 SF
      275 Francis Ave, Monroe, VA 24574-2758
      View Details
    • Value Estimation
      $365,000
      1,856 SF

      3447 Amherst Hwy

      OFFICE BUILDING • 1,856 SF
      3447 Amherst Hwy, Monroe, VA 24574-3205
      View Details
    • Value Estimation
      $380,000
      3,664 SF

      3327 Amherst Hwy

      OFFICE BUILDING • 3,664 SF
      3327 Amherst Hwy, Monroe, VA 24574-3206
      View Details
    • Value Estimation by Request
      3,444 SF

      377 5th Frks Rd

      CONVENIENCE STORE • 3,444 SF
      377 5th Frks Rd, Monroe, VA 24574-2746
      View Details
    • Value Estimation by Request
      1,903 SF

      6249 Elon Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,903 SF
      6249 Elon Rd, Monroe, VA 24574-3013
      View Details
    • Value Estimation
      $355,000
      4,948 SF

      3266 Amherst Hwy

      AUTO REPAIR, GARAGE • 4,948 SF
      3266 Amherst Hwy, Monroe, VA 24574-2823
      View Details

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    115 Hughes Dr
    Monroe, VA 24574-3411
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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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