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    Property profile & analytics

    116 Spotswood Ave Elkton, VA 22827-1119

    • Medical offices
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-3093695
    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

    • Dr. Ronald Davis, DDS / Dentist

    Property Details for 116 Spotswood Ave

    Year built
    1981
    Lot size
    0.06 lot acres
    Zone code
    GENERAL BUSINESS DIST
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    131B1-(4)-B 25 L6
    APU
    131B14B25L6

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.6197
    Latitude
    38.4094
    CBSA code
    25500
    CBSA name
    HARRISONBURG, 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
    $729
    $5,400
    $101,800
    $107,200
    -
    $5,400
    $101,800
    $107,200

    Comparable in this City

    • Value Estimation
      $260,000
      0.08 Acres

      516 Spotswood Trl

      MEDICAL BUILDING • 0.08 Acres
      516 Spotswood Trl, Elkton, VA 22827-1128
      View Details
    • Value Estimation by Request
      3.00 Acres

      13737 Spotswood Trl

      MEDICAL BUILDING • 3.00 Acres
      13737 Spotswood Trl, Elkton, VA 22827-3200
      View Details
    • Value Estimation
      $175,000
      0.02 Acres

      116 Spotswood Ave

      DENTAL BUILDING • 0.02 Acres
      116 Spotswood Ave, Elkton, VA 22827-1512
      View Details
    • Value Estimation
      $270,000
      0.29 Acres

      204 Spotswood Trl

      MEDICAL BUILDING • 0.29 Acres
      204 Spotswood Trl, Elkton, VA 22827-1122
      View Details
    • Value Estimation
      $205,000
      100 SF

      504 Spotswood Trl

      MEDICAL BUILDING • 100 SF
      504 Spotswood Trl, Elkton, VA 22827-1128
      View Details
    • Value Estimation
      $425,000
      100 SF

      160 Spotswood Ave

      DENTAL BUILDING • 100 SF
      160 Spotswood Ave, Elkton, VA 22827-1169
      View Details

    Similar Nearby for Sale

    • $925,000
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      Versatile Commercial Property in Elkton

      Fully leased commercial property with diverse tenants in Elkton, VA.
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    • New
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      2.19 acres on high-visibility Route 33, endless possibilities!
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      Elkton Land Investment Opportunity

      Commercial land for sale in the heart of Elkton.
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    • $975,000

      Elkton Specialty Property For Sale

      Specialty property available for purchase in Elkton, Virginia.
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    • $247,850
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      Mixed-Use Building in Elkton, VA

      Investment opportunity: retail space with residential apartment in Elkton.
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    • $129,000
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      6.5 Acre Building Site

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      View Details
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    Elkton, VA 22827-1119
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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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