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    Property profile & analytics

    1986 Main St Lebanon, VA 24266-7025

    • Turn key restaurants
    • 2,314 SF
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US87-2929288
    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

    • Turn key restaurants

    Property Details for 1986 Main St

    Property size
    2,314 SF
    Property type
    Turn key restaurants
    APN
    104R IC 3708
    APU
    104RIC3708

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $230,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $260,000
      Mixed-Use
      $210,000
      Hospitality
      $255,000
      Educational
      $230,000
      Residential Income
      $240,000
      Energy
      $190,000
      Income-Based Land
      $235,000
      Food Service
      $205,000

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Russell
    State
    Virginia
    Longitude
    -82.0457
    Latitude
    36.9074

    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
    $2,708
    $146,400
    $283,500
    $429,900
    -
    $146,400
    $283,500
    $429,900

    Comparable in this City

    • Value Estimation
      $350,000
      1,800 SF

      326 Cliffside Dr

      RESTAURANT • 1,800 SF
      326 Cliffside Dr, Lebanon, VA 24266-7119
      View Details
    • Value Estimation
      $675,000
      2,366 SF

      21 Highland Dr

      RESTAURANT • 2,366 SF
      21 Highland Dr, Lebanon, VA 24266-4664
      View Details
    • Value Estimation
      $385,000
      3,738 SF

      1158 Main St

      RESTAURANT • 3,738 SF
      1158 Main St, Lebanon, VA 24266-5014
      View Details
    • Value Estimation
      $425,000
      3,576 SF

      1273 Main St

      RESTAURANT • 3,576 SF
      1273 Main St, Lebanon, VA 24266-5016
      View Details
    • Value Estimation
      $415,000
      7,184 SF

      2243 Main St

      RESTAURANT • 7,184 SF
      2243 Main St, Lebanon, VA 24266-7190
      View Details
    • Value Estimation
      $195,000
      3,136 SF

      44 Ml Ave

      RESTAURANT • 3,136 SF
      44 Ml Ave, Lebanon, VA 24266-3684
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Restaurant with Drive-Thru For Sale

      2,626 SF restaurant with drive-thru on 1.23 AC.
      21 Highland Dr, Lebanon, VA 24266
      View Details
    • Contact for pricing
      0.26 Acres

      Residential Lot in The Ridges

      Improved residential lot with views, ready for dream home.
      Rdg Dr, Lebanon, VA 24266
      View Details
    • $34,500
      1.52 Acres

      Large Residential Lot in Lebanon

      1.5 acre building lot with utilities and mountain views.
      Rdg Dr, Lebanon, VA 24266
      View Details
    • $4,900,000
      54,683 SF

      Lebanon, VA Commercial Center

      Spacious 54,683 sq ft building on 14 acres
      978 Regional Park Rd, Lebanon, VA 24266
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Lot with Community Amenities

      Residential lot in Colony Park with clubhouse and pool access.
      22 Riley St, Lebanon, VA 24266
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Lot in Colony Park

      Building lot with community amenities near shopping and schools.
      17 Riley St, Lebanon, VA 24266
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      4,000 SF

      Versatile Commercial Space on Main

      4,000 sq ft commercial building with endless possibilities.
      619 W Main St, Lebanon, VA 24266
      View Details
    • $16 SF/Yr
      8,000 SF

      Lebanon Retail Space Available

      8,000 SF Retail Center, 1,497 SF Vacant
      159 Pittston Rd, Lebanon, VA 24266
      View Details
    • $1,000 /Mo
      1,350 SF

      Renovated Office Space For Rent

      Recently renovated office space in Lebanon's Russell County Shopping Center.
      1768 E Main St, Lebanon, VA 24266
      View Details
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    1986 Main St
    Lebanon, VA 24266-7025
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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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