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

    157 Market St Martinsville, VA 24112-3710

    • Grocery and convenience stores
    • 4,812 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $650,000
    Last Sale
    Nov 23, 2022
    $625,000
    Location Intelligence
    Property ID
    US87-2680592
    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

    • Krispy Krunchy Chicken / Chicken Restaurant
    • Market Square / Gas Station
    • Johns Car Wash / Car Wash
    • Market Square Gas & Deli / Convenience Store
    • Citgo / Gas Station

    Property Details for 157 Market St

    Year built
    1989
    Lot size
    0.99 lot acres
    Property size
    4,812 SF
    Zone code
    C-N
    Property type
    Grocery and convenience stores
    APN
    33 (03 )N /14R
    APU
    3303N14R

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $645,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $740,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $690,000
      Geo Method
      $650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $600,000
      Retail
      $745,000
      Mixed-Use
      $605,000
      Hospitality
      $620,000
      Educational
      $600,000
      Residential Income
      $730,000
      Energy
      $595,000
      Income-Based Land
      $660,000
      Food Service
      $685,000

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.8703
    Latitude
    36.6879
    CBSA code
    32300
    CBSA name
    MARTINSVILLE, VA MICROPOLITAN 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
    $3,873
    $112,200
    $279,000
    $391,200
    -
    $112,200
    $279,000
    $391,200

    Comparable in this City

    • Value Estimation
      $200,000
      3,240 SF

      937 Church St

      CONVENIENCE STORE • 3,240 SF
      937 Church St, Martinsville, VA 24112-3220
      View Details
    • Value Estimation by Request
      560 SF

      401 Brg S St

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      401 Brg S St, Martinsville, VA 24112-3609
      View Details
    • Value Estimation by Request
      62,748 SF

      1 Ellsworth St

      FINANCIAL BUILDING • 62,748 SF
      1 Ellsworth St, Martinsville, VA 24112-2845
      View Details
    • Value Estimation by Request
      6,400 SF

      21 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,400 SF
      21 Main St, Martinsville, VA 24112-2719
      View Details
    • Value Estimation by Request
      1,220 SF

      54 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,220 SF
      54 Main St, Martinsville, VA 24112-2722
      View Details
    • Value Estimation by Request
      44,319 SF

      3 Starling Ave

      GYM, HEALTH SPA • 44,319 SF
      3 Starling Ave, Martinsville, VA 24112-2921
      View Details

    Similar Nearby for Sale

    • $365,000
      2,048 SF

      Retail Building on High-Traffic Corridor

      2,048 SF retail building on 0.46 acre lot.
      1706 Virginia Ave, Martinsville, VA 24112
      View Details
    • $165,000
      1.00 Acres

      Martinsville Commercial Building For Sale

      Brick store building with road frontage and parking in Martinsville.
      4970 Chatham Rd, Martinsville, VA 24112
      View Details
    • $225,000
      0.16 Acres

      Mixed-Use Property with Renovations

      Renovated mixed-use property with residential and commercial spaces in Martinsville.
      813 Brookdale St, Martinsville, VA 24112
      View Details
    • New
      $94,900
      0.23 Acres

      Martinsville Commercial Property For Sale

      Commercial property with potential for various business or residential uses.
      918 Chatham Hts Rd, Martinsville, VA 24112
      View Details
    • $89,900
      0.24 Acres

      Martinsville Commercial Building For Sale

      Commercial building in Martinsville, VA with multiple potential uses.
      933 Starling Ave, Martinsville, VA 24112
      View Details
    • $329,000
      0.71 Acres

      Retail Investment Opportunity, Martinsville, VA

      High-traffic retail property with existing tenant for immediate income.
      1100 Spruce Street Ext, Martinsville, VA 24112
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Martinsville

      Retail space available on Commonwealth Blvd in Martinsville, VA.
      100 West Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • $13 SF/Yr
      13,569 SF

      Martinsville Retail Space for Lease

      13,569 SF Former Pharmacy, High Traffic
      2707 Greensboro Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      77,000 SF

      Cloverleaf Shopping Center Investment

      Martinsville, VA retail center opportunity
      2370 Greensboro Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      288,254 SF

      Martinsville Retail Center Investment

      Grocery-anchored power center, high traffic.
      240 Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      213,869 SF

      Patrick Henry Mall Office Suites

      Martinsville, VA Executive Office Space Available
      730 Church St, Martinsville, VA 24112
      View Details
    • $10 SF/Yr
      5,559 SF

      Uptown Martinsville Office Space

      Prime Office Suites, Flexible Layout
      26 Church St, Martinsville, VA 24112
      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.
    157 Market St
    Martinsville, VA 24112-3710
    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.