Financial
Distress signals
Property profile

1615 Virginia Ave Martinsville, VA 24112

OFF-MARKET
Other commercial real estate
Property ID
US87-1429058
0.7 ac lot Built 1953
Last sale Dec 2013 · $190,000
Individually Owned Owner of record is an individual. 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial building providing approximately 7,300 square feet of interior space and set on a 0.71-acre lot in Henry County, Virginia. The building was previously used as a machine shop and contains a layout suitable for industrial or light manufacturing-type uses, with interior configuration that could be adapted for other commercial purposes. It is located along US 220 Business on the outskirts of Martinsville, in the direction of Collinsville, providing access in a higher-traffic corridor.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$198k
Assessed land$115k
Assessed improvement$82k
Effective rate0.55%

Value estimate

· Sep 2026
$285k
$257k – $314k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$126/SF
County average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$93 – $167

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B1
JurisdictionHENRY

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy9.1
Tailor Shop8.9
Convenience Store8.8

Location

1615 Virginia Ave Martinsville, VA 24112-9541
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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