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    Property profile & analytics

    1588 Anderson Hwy Cumberland, VA 23040-2516

    • Office buildings
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-2025766
    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

    • Office buildings

    Property Details for 1588 Anderson Hwy

    Year built
    2008
    Lot size
    0.31 lot acres
    Zone code
    B1
    Property type
    Office buildings
    APN
    057A1A 15
    APU
    057A1A15

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Cumberland
    State
    Virginia
    Longitude
    -78.2521
    Latitude
    37.4908
    CBSA code
    40060
    CBSA name
    RICHMOND, 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
    $542
    $22,480
    $67,920
    $90,400
    -
    $22,480
    $67,920
    $90,400

    Comparable in this City

    • Value Estimation by Request
      1.05 Acres

      Cumberland, VA 23040

      OFFICE BUILDING • 1.05 Acres
      Cumberland, VA 23040
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    • Value Estimation by Request
      2.00 Acres

      17 Cruise Dr

      OFFICE BUILDING • 2.00 Acres
      17 Cruise Dr, Cumberland, VA 23040-2823
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    • Value Estimation
      $390,000
      0.50 Acres

      15 Foster Rd

      OFFICE BUILDING • 0.50 Acres
      15 Foster Rd, Cumberland, VA 23040
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    • Value Estimation
      $375,000
      41.45 Acres

      118 Salem Church Rd

      OFFICE BUILDING • 41.45 Acres
      118 Salem Church Rd, Cumberland, VA 23040-2812
      View Details
    • Value Estimation by Request
      1.00 Acre

      1467 Anderson Hwy

      OFFICE BUILDING • 1.00 Acre
      1467 Anderson Hwy, Cumberland, VA 23040
      View Details
    • Value Estimation by Request
      3.00 Acres

      60 Salem Church Rd

      OFFICE BUILDING • 3.00 Acres
      60 Salem Church Rd, Cumberland, VA 23040-2811
      View Details

    Similar Nearby for Sale

    • $104,000
      6.46 Acres

      Cumberland County Land Opportunity

      6.46 acres of wooded land near Cumberland, Virginia.
      Anderson Hwy, Cumberland, VA 23040
      View Details
    • $40,000
      Pending

      Cumberland, VA Land Opportunity

      Two-acre lot suitable for building a home near Farmville, VA.
      Lot B Cumberland Rd, Cumberland, VA 23040
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    • $675,000

      Patriots Ridge Shopping Center Land

      20.6 acres zoned B1 for shopping center development.
      00 Anderson Hwy, Cumberland, VA 23040
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    • Contact for pricing

      Land for Sale

      2.000 AC land available in Cumberland, VA.
      141-147 - Lot P 2.000 Ac Caira Frst, Cumberland, VA 23040
      View Details
    • $59,950
      Pending

      Five Acre Lot in Cumberland

      Five acre lot with easy access to Cumberland and Farmville.
      Stoney Point Rd, Cumberland, VA 23040
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    • $338,000

      Land For Sale

      Land available on Commerce Road, Cumberland, VA.
      5977 Baldwin-Carter, Cumberland, VA 23040
      View Details
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    1588 Anderson Hwy
    Cumberland, VA 23040-2516
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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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