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    Property profile & analytics

    120 Main St Independence, VA 24348

    • Commercial real estate
    • 5,472 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Location Intelligence
    Property ID
    US87-3186886
    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

    • Almost Famous Tea and Spice Company / Tea Store

    Property Details for 120 Main St

    Year built
    1948
    Lot size
    0.14 lot acres
    Property size
    5,472 SF
    Property type
    Commercial real estate
    APN
    73A2- A- - 14B
    APU
    73A2A14B

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Grayson
    State
    Virginia
    Longitude
    -81.1512
    Latitude
    36.6221

    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
    $1,104
    $15,000
    $189,400
    $204,400
    -
    $15,000
    $189,400
    $204,400

    Comparable in this City

    • Value Estimation by Request
      1,599 SF

      127 Main St

      COMMERCIAL (GENERAL) • 1,599 SF
      127 Main St, Independence, VA 24348-3985
      View Details
    • Value Estimation by Request
      3,080 SF

      305 Main St

      COMMERCIAL (GENERAL) • 3,080 SF
      305 Main St, Independence, VA 24348
      View Details
    • Value Estimation by Request
      10,156 SF

      147 Independence Ave

      COMMERCIAL (GENERAL) • 10,156 SF
      147 Independence Ave, Independence, VA 24348
      View Details
    • Value Estimation by Request
      3,030 SF

      307 Pleasant Grv Rd

      COMMERCIAL (GENERAL) • 3,030 SF
      307 Pleasant Grv Rd, Independence, VA 24348-3625
      View Details
    • Value Estimation
      $55,000
      4,597 SF

      203 Independence Ave

      COMMERCIAL (GENERAL) • 4,597 SF
      203 Independence Ave, Independence, VA 24348-4500
      View Details
    • Value Estimation
      $375,000
      3,432 SF

      Main St

      COMMERCIAL (GENERAL) • 3,432 SF
      Main St, Independence, VA 24348
      View Details

    Similar Nearby for Sale

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      Three commercial lots suitable for franchise or new business construction.
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      23+ acres of farmland with creek, ideal for various uses.
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    120 Main St
    Independence, VA 24348
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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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