185 Old Courthouse Rd Appomattox, VA 24522
Property profile & analytics
185 Old Courthouse Rd Appomattox, VA 24522
- Commercial real estate
- 8.54 lot acres
Property ID
US87-2551331
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.
Location Intelligence
Current Use by Public Records
- G2 Auction Services / Trade Show Venue / (Bike/Boat/Book/etc) Store
Property Details for 185 Old Courthouse Rd
- Lot size
- 8.54 lot acres
- Property type
- Commercial real estate
- APN
- 64A2 A 31
- APU
- 64A2A31
Description
Triangle Plaza Shopping Center, located at 185 Old Courthouse Rd, Appomattox, VA 24522, presents a compelling investment opportunity. This 79,000 square foot, Class B shopping center sits on a 9.6-acre lot at a high-traffic four-way intersection (Oakville Road and Old Courthouse Road), boasting over 16,000 vehicles passing daily. The property, built between 1970 and 1980 and renovated in 2024, features a single, two-story building with 17 units and 78,000 net rentable square feet, currently 95% occupied by 18 tenants, including Family Dollar. The asking price is $3,200,000, representing a price per square foot of $40.51 and a pro-forma cap rate of 3.17%. The property generates a pro-forma NOI of $101,301. The existing leases are modified, offering potential for increased revenue through conversion to standard market leases. The B2 zoning allows for a wide range of commercial uses. Ample parking is provided at a ratio of 5 spaces per 1,000 square feet. The property includes a prominent roadside pylon sign and benefits from a ground lease. This offering comprises two tax parcels: an 8.535-acre parcel containing the retail building and a separate 1.115-acre undeveloped parcel. The property's strong occupancy and location make it an attractive investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $505,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Appomattox
- County
- Appomattox
- State
- Virginia
- Longitude
- -78.8341
- Latitude
- 37.3647
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, 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
$13,912
$910,200
$298,500
$1,208,700
-
$910,200
$298,500
$1,208,700
