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    Property profile & analytics

    1421 Armory Dr Franklin, VA 23851-2451

    • Commercial land
    • 1.04 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 12, 2024
    $300,000
    Location Intelligence
    Property ID
    US87-2106657
    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

    • Dutch Direct Shed's / Construction Company
    • Southern Charm Garden Center / Garden Center / Gift Shop

    Property Details for 1421 Armory Dr

    Lot size
    1.04 lot acres
    Zone code
    M1
    Property type
    Commercial land
    APN
    135 169 3
    APU
    1351693

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Franklin City
    State
    Virginia
    Longitude
    -76.9511
    Latitude
    36.668
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 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
    2019
    $2,825
    $314,000
    $0.00
    $314,000
    -
    $314,000
    $0.00
    $314,000

    Comparable in this City

    • Value Estimation by Request
      1.02 Acres

      Hunterdale Rd

      VACANT COMMERCIAL LAND • 1.02 Acres
      Hunterdale Rd, Franklin, VA 23851
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    • Value Estimation by Request
      1.48 Acres

      Stewart Dr

      VACANT COMMERCIAL LAND • 1.48 Acres
      Stewart Dr, Franklin, VA 23851
      View Details
    • Value Estimation by Request
      0.86 Acres

      Ss St

      VACANT COMMERCIAL LAND • 0.86 Acres
      Ss St, Franklin, VA 23851
      View Details
    • Value Estimation by Request
      0.21 Acres

      Ss St

      VACANT COMMERCIAL LAND • 0.21 Acres
      Ss St, Franklin, VA 23851
      View Details
    • Value Estimation by Request
      0.15 Acres

      Ss St

      VACANT COMMERCIAL LAND • 0.15 Acres
      Ss St, Franklin, VA 23851
      View Details
    • Value Estimation by Request
      5.25 Acres

      2nd Ave

      VACANT COMMERCIAL LAND • 5.25 Acres
      2nd Ave, Franklin, VA 23851
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      1.17 acre pad site available on Armory Drive.
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      Prime Commercial Land Opportunity

      16.75 acres of B-2 zoned land in Franklin, VA.
      1101 Armory Dr, Franklin, VA 23851
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    • $499,900
      8.29 Acres

      Franklin, VA Land Parcel

      Highly visible 8.29 acre parcel at a busy intersection.
      8.2Acs General Thomas Hwy, Franklin, VA 23851
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    • $295,000
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      Prime Commercial Land in Franklin

      3-acre commercial land parcel with high visibility and utilities.
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    Similar Nearby for Lease

    • Contact for pricing
      197,572 SF

      Franklin Commons Retail Space

      Virginia Shopping Center - Spaces Available
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    • $7 SF/Yr
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      138,800 SF Manufacturing/Distribution Space
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    • $7 SF/Yr
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      Downtown Franklin Retail Storefront Opportunity

      Retail storefront in vibrant downtown Franklin, near parking and events.
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    • $12 SF/Yr
      3,440 SF

      Downtown Franklin Versatile Office Building

      Versatile office building in downtown Franklin with flexible space options.
      223 N Main St, Franklin, VA 23851
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    • $1.00 SF/Yr
      2,063 SF

      Spacious Unit in Franklin, VA

      Commercial/Industrial space with open layout, offices, and storage.
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    1421 Armory Dr
    Franklin, VA 23851-2451
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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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