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    Property profile & analytics

    118 Peoples Bank Rd Ewing, VA 24248

    • Commercial land
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 02, 2023
    $250,000
    Location Intelligence
    Property ID
    US87-2340882
    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

    • Commercial land

    Property Details for 118 Peoples Bank Rd

    Year built
    1978
    Property type
    Commercial land
    APN
    63A-(2)-BK2,1-8,10
    APU
    63A2BK21810

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ewing
    County
    Lee
    State
    Virginia
    Longitude
    -83.0178
    Latitude
    36.6091

    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
    $995
    $41,000
    $0.00
    $41,000
    -
    $41,000
    $0.00
    $41,000

    Comparable in this City

    • Value Estimation by Request
      4.30 Acres

      105 Butchers Gap Rd

      VACANT COMMERCIAL LAND • 4.30 Acres
      105 Butchers Gap Rd, Ewing, VA 24248-8599
      View Details
    • Value Estimation by Request
      3.08 Acres

      Ewing, VA 24248

      VACANT COMMERCIAL LAND • 3.08 Acres
      Ewing, VA 24248
      View Details
    • Value Estimation by Request
      1.98 Acres

      Sta Crk Rd

      VACANT COMMERCIAL LAND • 1.98 Acres
      Sta Crk Rd, Ewing, VA 24248
      View Details
    • Value Estimation by Request
      2.78 Acres

      Frog Level Rd

      VACANT COMMERCIAL LAND • 2.78 Acres
      Frog Level Rd, Ewing, VA 24248
      View Details
    • Value Estimation by Request
      0.37 Acres

      Ewing, VA 24248

      VACANT COMMERCIAL LAND • 0.37 Acres
      Ewing, VA 24248
      View Details
    • Value Estimation by Request
      0.69 Acres

      Ewing, VA 24248

      VACANT COMMERCIAL LAND • 0.69 Acres
      Ewing, VA 24248
      View Details

    Similar Nearby for Sale

    • $79,000
      17.00 Acres

      Ewing, VA Land For Sale

      Land for sale in Ewing, VA with city water available.
      Frog Level Rd, Ewing, VA 24248
      View Details
    • $284,900
      70.94 Acres

      Ewing, VA Land Opportunity

      70.94 acres near LMU Vet School with housing potential.
      Dooley Hollow Rd, Ewing, VA 24248
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    • $150,000
      1,768 SF

      Ewing Quick Mart & Car Wash

      High-traffic location, profitable business opportunity.
      117 Stockyard Dr, Ewing, VA 24248
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    • $749,000

      Lee County Commercial Property Opportunity

      Versatile property with retail, storage, and development potential.
      Station Creek Rd, Ewing, VA 24248
      View Details
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    118 Peoples Bank Rd
    Ewing, VA 24248
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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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