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    Property profile & analytics

    172 Lee St Broadway, VA 22815

    • Car washes
    • 8.29 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US87-2996515
    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

    • Car washes

    Property Details for 172 Lee St

    Year built
    1997
    Lot size
    8.29 lot acres
    Property type
    Car washes
    APN
    51-(A)- L69E
    APU
    51AL69E

    Description

    This exceptional investment opportunity encompasses a well-maintained 1,100 square foot carwash, built in 1997, situated on a prime 8.29-acre lot in Broadway, Virginia. Located on Route 259, the property benefits from high traffic volume, serving as a crucial corridor for Northwest Rockingham County and West Virginia. The carwash itself has undergone recent significant updates and offers strong financial performance (details available upon request). The expansive lot boasts over 850 feet of road frontage on Holly Hill Street and convenient access to public utilities. While a portion of the land lies within a floodplain, the majority is zoned R-1, presenting significant potential for residential development. The property's APN is 51 A L69E and is zoned B1. The asking price is $824,900, and owner financing is available with a $250,000 down payment at a 6% interest rate. This unique combination of established business and prime development land offers a compelling investment prospect with substantial upside potential. The address is 172 W Lee St, Broadway, VA 22815.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $215,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $185,000
      Mixed-Use
      $225,000
      Hospitality
      $190,000
      Educational
      $225,000
      Residential Income
      $240,000
      Energy
      $245,000
      Income-Based Land
      $220,000
      Food Service
      $185,000

    Location Insight

    • Map
    • Local Demand
    City
    Broadway
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.7992
    Latitude
    38.6171
    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
    $1,184
    $54,680
    $119,400
    $174,080
    -
    $54,680
    $119,400
    $174,080

    Comparable in this City

    • Value Estimation
      $440,000
      0.69 Acres

      301 Main St

      CAR WASH - AUTOMATED • 0.69 Acres
      301 Main St, Broadway, VA 22815
      View Details
    • Value Estimation
      $215,000
      0.31 Acres

      272 Carrie St

      AUTO REPAIR, GARAGE • 0.31 Acres
      272 Carrie St, Broadway, VA 22815-9115
      View Details
    • Value Estimation
      $395,000
      0.74 Acres

      145 Crk Side Dr

      AUTO REPAIR, GARAGE • 0.74 Acres
      145 Crk Side Dr, Broadway, VA 22815
      View Details
    • Value Estimation
      $200,000
      4.96 Acres

      13901 Keister Hoover Ln

      AUTO REPAIR, GARAGE • 4.96 Acres
      13901 Keister Hoover Ln, Broadway, VA 22815-2500
      View Details
    • Value Estimation
      $335,000
      100 SF

      212 Main St

      SERVICE STATION (FULL SERVICE) • 100 SF
      212 Main St, Broadway, VA 22815
      View Details
    • Value Estimation
      $280,000
      1.28 Acres

      280 Main St

      AUTO REPAIR, GARAGE • 1.28 Acres
      280 Main St, Broadway, VA 22815-9555
      View Details

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    172 Lee St
    Broadway, VA 22815
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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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