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    Property profile & analytics

    1388 Colonial Ft Dr Montvale, VA 24122-3016

    • Commercial real estate
    • 6.18 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-1351646
    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

    • Bobblett Gap Inc. / Repair Service
    • Bobblett Gap Inc / Truck Repair Shop

    Property Details for 1388 Colonial Ft Dr

    Lot size
    6.18 lot acres
    Property type
    Commercial real estate
    APN
    87A 1 15E
    APU
    87A115E

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montvale
    County
    Bedford
    State
    Virginia
    Longitude
    -79.7111
    Latitude
    37.3796
    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
    2023
    $3,314
    $0.00
    $0.00
    $404,200
    -
    $197,800
    $610,600
    $808,400

    Comparable in this City

    • Value Estimation by Request
      3,461 SF

      11775 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL) • 3,461 SF
      11775 Lynchburg Salem Tpke, Montvale, VA 24122-3014
      View Details
    • Value Estimation
      $185,000
      5.08 Acres

      Montvale, VA 24122

      COMMERCIAL (GENERAL) • 5.08 Acres
      Montvale, VA 24122
      View Details
    • Value Estimation by Request
      1,296 SF

      11469 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL) • 1,296 SF
      11469 Lynchburg Salem Tpke, Montvale, VA 24122-2998
      View Details
    • Value Estimation by Request
      948 SF

      1032 Stayman Rd

      COMMERCIAL (GENERAL) • 948 SF
      1032 Stayman Rd, Montvale, VA 24122-2967
      View Details
    • Value Estimation by Request
      7,000 SF

      11276 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL) • 7,000 SF
      11276 Lynchburg Salem Tpke, Montvale, VA 24122
      View Details
    • Value Estimation
      $50,000
      1,225 SF

      11345 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL) • 1,225 SF
      11345 Lynchburg Salem Tpke, Montvale, VA 24122-2947
      View Details
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    1388 Colonial Ft Dr
    Montvale, VA 24122-3016
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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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