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    Property profile & analytics

    15320 Old Franklin Tpke Penhook, VA 24137-3460

    • Retail space
    • 3,532 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Last Sale
    Dec 23, 2024
    $185,000
    Location Intelligence
    Property ID
    US87-2364911
    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

    • Outdoor Water WorX / Boat Rental Service
    • Michaels / Lounge
    • Scented Expressions Supplies LLC / Beauty Product Supplier / Cosmetics And Perfumes Supplier

    Property Details for 15320 Old Franklin Tpke

    Year built
    1915
    Lot size
    0.45 lot acres
    Property size
    3,532 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    067 00-102 00
    APU
    670010200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $200,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $160,000
      Mixed-Use
      $175,000
      Hospitality
      $225,000
      Educational
      $185,000
      Residential Income
      $160,000
      Energy
      $170,000
      Income-Based Land
      $210,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Penhook
    County
    Franklin
    State
    Virginia
    Longitude
    -79.6283
    Latitude
    36.9826
    CBSA code
    40220
    CBSA name
    ROANOKE, 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
    0
    $0.00
    $45,300
    $127,600
    $172,900
    -
    $45,300
    $127,600
    $172,900

    Comparable in this City

    • Value Estimation by Request
      1,907 SF

      12265 Snow Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,907 SF
      12265 Snow Crk Rd, Penhook, VA 24137-1205
      View Details
    • Value Estimation
      $595,000
      3,200 SF

      13878 Snow Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      13878 Snow Crk Rd, Penhook, VA 24137-1184
      View Details
    • Value Estimation
      $350,000
      3,540 SF

      Penhook, VA 24137

      RETAIL STORES (PERSONAL SERVICES) • 3,540 SF
      Penhook, VA 24137
      View Details
    • Value Estimation by Request
      7,200 SF

      15550 Old Franklin Tpke

      CONVENIENCE STORE • 7,200 SF
      15550 Old Franklin Tpke, Penhook, VA 24137-3552
      View Details
    • Value Estimation
      $350,000
      931 SF

      15800 Old Franklin Tpke

      CONVENIENCE STORE • 931 SF
      15800 Old Franklin Tpke, Penhook, VA 24137
      View Details
    • Value Estimation
      $50,000
      2,115 SF

      8383 Snow Crk Rd

      CONVENIENCE STORE • 2,115 SF
      8383 Snow Crk Rd, Penhook, VA 24137-1359
      View Details

    Similar Nearby for Sale

    • $698,000
      278.00 Acres

      278 Acres of Unrestricted Land

      Unrestricted land with timber, recreation, and mountain views.
      Old Fire Tower Ln, Penhook, VA 24137
      View Details
    • $65,000
      2.55 Acres

      Land in Snow Creek Area

      2.55 acres in Snow Creek, ready to build.
      10597 Snow Creek Rd, Penhook, VA 24137
      View Details
    • $75,000
      1.07 Acres

      Smith Mountain Lake Waterfront Lot

      Flat 1.07 acre lot near Smith Mountain Lake.
      22 Jefferson Dock Rd, Penhook, VA 24137
      View Details
    • $60,000

      5-Acre Agricultural Land Tract

      5-acre agricultural land near Roanoke and Smith Mountain Lake.
      Tbd Old Franklin Tpke, Penhook, VA 24137
      View Details
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    Penhook, VA 24137-3460
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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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