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    Property profile & analytics

    116 Main St Lexington, VA 24450-2067

    • Investment properties
    • 4,190 SF
    OFF-MARKET
    Value Estimation
    $735,000
    Last Sale
    Mar 01, 2024
    $735,000
    Location Intelligence
    Property ID
    US87-3030493
    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

    • Investment properties

    Property Details for 116 Main St

    Year built
    1945
    Property size
    4,190 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17 3 A
    APU
    173A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $735,000

    • CAP approach

      CAP return
      Estimation
      6%
      $750,000
      6.5%
      $645,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $685,000
      Geo Method
      $635,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $770,000
      Retail
      $900,000
      Mixed-Use
      $885,000
      Hospitality
      $900,000
      Educational
      $835,000
      Residential Income
      $895,000
      Energy
      $725,000
      Income-Based Land
      $835,000
      Food Service
      $725,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington City
    State
    Virginia
    Longitude
    -79.4408
    Latitude
    37.7868

    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
    0
    $0.00
    $350,000
    $212,161
    $562,161
    -
    $350,000
    $212,161
    $562,161

    Comparable in this City

    • Value Estimation by Request
      14,779 SF

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      12 Nelson St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,165 SF
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      View Details
    • Value Estimation by Request
      1,008 SF

      114 Randolph St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      114 Randolph St, Lexington, VA 24450-2329
      View Details
    • Value Estimation by Request
      40,316 SF

      422 Nelson St

      OFFICE/RESIDENTIAL (MIXED USE) • 40,316 SF
      422 Nelson St, Lexington, VA 24450-2729
      View Details
    • Value Estimation
      $2,365,000
      10,200 SF

      18 Nelson St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,200 SF
      18 Nelson St, Lexington, VA 24450-2540
      View Details
    • Value Estimation
      $165,000
      1,150 SF

      9 Randolph St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,150 SF
      9 Randolph St, Lexington, VA 24450-2507
      View Details

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    116 Main St
    Lexington, VA 24450-2067
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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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