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    Property profile & analytics

    13241 Hanover Courthouse Rd Hanover, VA 23069-1512

    • Commercial real estate
    • 1,350 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US87-1049395
    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 real estate

    Property Details for 13241 Hanover Courthouse Rd

    Year built
    1970
    Lot size
    1.09 lot acres
    Property size
    1,350 SF
    Zone code
    B-3
    Property type
    Commercial real estate
    APN
    8800-94-5233
    APU
    8800945233

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $275,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $250,000
      Mixed-Use
      $250,000
      Hospitality
      $260,000
      Educational
      $300,000
      Residential Income
      $235,000
      Energy
      $260,000
      Income-Based Land
      $305,000
      Food Service
      $265,000

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Hanover
    State
    Virginia
    Longitude
    -77.3701
    Latitude
    37.7655
    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
    $2,057
    $178,100
    $75,800
    $253,900
    -
    $178,100
    $75,800
    $253,900

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      Hanover Courthouse Rd

      COMMERCIAL (GENERAL) • 3.00 Acres
      Hanover Courthouse Rd, Hanover, VA 23069
      View Details
    • Value Estimation
      $375,000
      2,418 SF

      13297 Hanover Courthouse Rd

      COMMERCIAL (GENERAL) • 2,418 SF
      13297 Hanover Courthouse Rd, Hanover, VA 23069-1513
      View Details
    • Value Estimation
      $245,000
      1,420 SF

      32074 Richmond Tpke

      COMMERCIAL (GENERAL) • 1,420 SF
      32074 Richmond Tpke, Hanover, VA 23069-2203
      View Details
    • Value Estimation by Request
      0.50 Acres

      Hanover Courthouse Rd

      COMMERCIAL (GENERAL) • 0.50 Acres
      Hanover Courthouse Rd, Hanover, VA 23069
      View Details
    • Value Estimation by Request
      1.00 Acre

      2245 Nelsons Brg Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      2245 Nelsons Brg Rd, Hanover, VA 23069-2517
      View Details
    • Value Estimation by Request
      1,708 SF

      32330 Richmond Tpke

      COMMERCIAL (GENERAL) • 1,708 SF
      32330 Richmond Tpke, Hanover, VA 23069-2206
      View Details

    Similar Nearby for Sale

    • $1,750,000
      Pending

      Hanover, VA Land For Sale

      134.69 acre land parcel in Hanover, Virginia.
      King William Rd, Hanover, VA 23069
      View Details
    • New
      $40,000
      3.00 Acres

      King William, VA Homesite

      3-acre homesite for custom home, private retreat, or small homestead.
      2700 Nelsons Brg Rd, King William, VA 23069
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    • $282,900

      Specialty Property for Sale

      Specialty property available for purchase.
      16485 Dawn Blvd, Hanover, VA 23069
      View Details
    • $875,000
      Pending

      Hanover, VA Land For Sale

      86.5 acre land parcel available in Hanover, Virginia.
      King William Rd, Hanover, VA 23069
      View Details
    • New
      $40,000
      3.00 Acres

      Three Acre Wooded Homesite Parcel

      Three-acre wooded parcel ideal for building a custom home.
      Nelsons Brg Rd, King William, VA 23069
      View Details
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    13241 Hanover Courthouse Rd
    Hanover, VA 23069-1512
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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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