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    Property profile & analytics

    1506 Lawyer Rd Penn Laird, VA 22846

    • Commercial real estate
    • 6.88 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 10, 2020
    Location Intelligence
    Property ID
    US87-2414243
    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 1506 Lawyer Rd

    Lot size
    6.88 lot acres
    Zone code
    GEN AGRICULTURAL DIST
    Property type
    Commercial real estate
    APN
    140-(A)- L155
    APU
    140AL155

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Penn Laird
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.7976
    Latitude
    38.3604
    CBSA code
    25500
    CBSA name
    HARRISONBURG, 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
    $952
    $98,800
    $41,200
    $140,000
    -
    $98,800
    $41,200
    $140,000

    Comparable in this City

    • Value Estimation by Request
      1.41 Acres

      178 Titus Dr

      COMMERCIAL (GENERAL) • 1.41 Acres
      178 Titus Dr, Penn Laird, VA 22846-2044
      View Details
    • Value Estimation by Request
      3.49 Acres

      4549 Spotswood Trl

      COMMERCIAL (GENERAL) • 3.49 Acres
      4549 Spotswood Trl, Penn Laird, VA 22846-2050
      View Details
    • Value Estimation by Request
      1.38 Acres

      4741 Spotswood Trl

      COMMERCIAL (GENERAL) • 1.38 Acres
      4741 Spotswood Trl, Penn Laird, VA 22846-2004
      View Details
    • Value Estimation
      $320,000
      100 SF

      6232 Spotswood Trl

      COMMERCIAL (GENERAL) • 100 SF
      6232 Spotswood Trl, Penn Laird, VA 22846-9768
      View Details
    • Value Estimation
      $210,000
      0.47 Acres

      6080 Spotswood Trl

      COMMERCIAL (GENERAL) • 0.47 Acres
      6080 Spotswood Trl, Penn Laird, VA 22846-9793
      View Details
    • Value Estimation by Request
      0.57 Acres

      5015 Spotswood Trl

      COMMERCIAL (GENERAL) • 0.57 Acres
      5015 Spotswood Trl, Penn Laird, VA 22846-2002
      View Details

    Similar Nearby for Sale

    • $219,900
      2.55 Acres

      PENN LAIRD Building Lot

      2.55 acre building lot with approved entrance and septic design.
      6165 Oak Shade Rd, Penn Laird, VA 22846
      View Details
    • New
      $129,000
      0.93 Acres

      Residential Lot in Bridlewood Subdivision

      0.93 acre lot in Penn Laird, VA with green space.
      Tbd Steeplechase Dr, Penn Laird, VA 22846
      View Details
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    1506 Lawyer Rd
    Penn Laird, VA 22846
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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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