Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1348 Amherst Hwy Amherst, VA 24521-3938

    • Commercial real estate
    • 4,000 SF
    • 2.31 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Last Sale
    Jan 24, 2020
    Location Intelligence
    Property ID
    US87-3096477
    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 1348 Amherst Hwy

    Year built
    1998
    Construction
    METAL FRAME
    Lot size
    2.31 lot acres
    Property size
    4,000 SF
    Zone code
    B2
    Property type
    Commercial real estate
    APN
    83 A 16
    APU
    83A16

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Amherst
    State
    Virginia
    Longitude
    -79.0143
    Latitude
    37.6178
    CBSA code
    31340
    CBSA name
    LYNCHBURG, 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
    $1,191
    $73,800
    $121,400
    $195,200
    -
    $73,800
    $121,400
    $195,200

    Comparable in this City

    • Value Estimation by Request
      0.49 Acres

      Amherst, VA 24521

      COMMERCIAL (GENERAL) • 0.49 Acres
      Amherst, VA 24521
      View Details
    • Value Estimation by Request
      0.14 Acres

      Amherst, VA 24521

      COMMERCIAL (GENERAL) • 0.14 Acres
      Amherst, VA 24521
      View Details
    • Value Estimation by Request
      8.98 Acres

      Amherst, VA 24521

      COMMERCIAL (GENERAL) • 8.98 Acres
      Amherst, VA 24521
      View Details
    • Value Estimation by Request
      3.81 Acres

      Main St

      COMMERCIAL (GENERAL) • 3.81 Acres
      Main St, Amherst, VA 24521
      View Details
    • Value Estimation by Request
      1,672 SF

      1171 Boxwood Farm Rd

      COMMERCIAL (GENERAL) • 1,672 SF
      1171 Boxwood Farm Rd, Amherst, VA 24521
      View Details
    • Value Estimation by Request
      1,620 SF

      114 Kent St

      COMMERCIAL (GENERAL) • 1,620 SF
      114 Kent St, Amherst, VA 24521
      View Details

    Similar Nearby for Sale

    • $925,000
      2,400 SF

      Amherst Business w/Real Estate

      Established Lawn & Garden Center, 2400 sq ft
      807 Main St, Amherst, VA 24521
      View Details
    • $215,000
      1,935 SF

      Amherst Highway Commercial Garage

      Versatile Commercial Space w/ Apartment
      1966 Amherst Hwy, Amherst, VA 24521
      View Details
    • $430,000
      64.82 Acres

      Amherst Land with Mountain Views

      64.82 acres of land with mountain and farm views.
      Lavender Ln, Amherst, VA 24521
      View Details
    • $59,900
      10.14 Acres

      Amherst Land with Potential Views

      10.136 acres with road frontage and potential eastern views.
      4 Buffalo Bend Dr, Amherst, VA 24521
      View Details
    • $829,900

      92+ Acres on Buffalo River

      92+ acres with Buffalo River frontage adjoining National Forest.
      93.32 Acres North Fork Rd, Amherst, VA 24521
      View Details
    • $1,399,900
      173.32 Acres

      Amherst County Land with River Frontage

      173 acres in Amherst County with Buffalo River frontage.
      North Fork Rd, Amherst, VA 24521
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1348 Amherst Hwy
    Amherst, VA 24521-3938
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.