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    Property profile & analytics

    1247 Anderson Hwy Cumberland, VA 23040-2218

    • Office buildings
    • 2.57 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-3060211
    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

    • Office buildings

    Property Details for 1247 Anderson Hwy

    Year built
    2003
    Lot size
    2.57 lot acres
    Zone code
    B1
    Property type
    Office buildings
    APN
    057 A 81 A
    APU
    057A81A

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Cumberland
    State
    Virginia
    Longitude
    -78.228
    Latitude
    37.5097
    CBSA code
    40060
    CBSA name
    RICHMOND, 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
    $593
    $33,430
    $65,420
    $98,850
    -
    $33,430
    $65,420
    $98,850

    Comparable in this City

    • Value Estimation by Request
      1.05 Acres

      Cumberland, VA 23040

      OFFICE BUILDING • 1.05 Acres
      Cumberland, VA 23040
      View Details
    • Value Estimation by Request
      0.31 Acres

      1588 Anderson Hwy

      OFFICE BUILDING • 0.31 Acres
      1588 Anderson Hwy, Cumberland, VA 23040-2516
      View Details
    • Value Estimation by Request
      2.00 Acres

      17 Cruise Dr

      OFFICE BUILDING • 2.00 Acres
      17 Cruise Dr, Cumberland, VA 23040-2823
      View Details
    • Value Estimation
      $390,000
      0.50 Acres

      15 Foster Rd

      OFFICE BUILDING • 0.50 Acres
      15 Foster Rd, Cumberland, VA 23040
      View Details
    • Value Estimation
      $375,000
      41.45 Acres

      118 Salem Church Rd

      OFFICE BUILDING • 41.45 Acres
      118 Salem Church Rd, Cumberland, VA 23040-2812
      View Details
    • Value Estimation by Request
      1.00 Acre

      1467 Anderson Hwy

      OFFICE BUILDING • 1.00 Acre
      1467 Anderson Hwy, Cumberland, VA 23040
      View Details

    Similar Nearby for Sale

    • $104,000
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    • $40,000
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    1247 Anderson Hwy
    Cumberland, VA 23040-2218
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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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