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Property profile & analytics

20 Ellsworth St Martinsville, VA 24112-2812

  • Office buildings
  • 3,948 SF
  • 0.27 lot acres
OFF-MARKET
Last Sale
Oct 29, 2020
$160,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-3218329
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

  • Epic Health Partners / Mental Health Service

Property Details for 20 Ellsworth St

Year built
1971
Lot size
0.27 lot acres
Property size
3,948 SF
Zone code
C-UB
Property type
Office buildings
APN
33 (03 )N /08R
APU
3303N08R

Description

This exceptional Class A office building, located at 20 Ellsworth Street in Martinsville, Virginia, presents a unique owner-user opportunity. Boasting 3,948 square feet of versatile space, this single-story building features eleven offices, two conference rooms, a well-equipped break room with cabinets, sink, refrigerator, and sitting area, and three bathrooms (including a handicap-accessible option). Recently renovated in 2020 and 2023, the property includes new flooring and fresh interior paint. Ample parking is available for twelve vehicles, with convenient handicap access via a rear ramp. Situated on a 0.27-acre lot, the building is zoned C-UB, allowing for diverse uses such as medical, legal, insurance, or shared workspace. The property is currently vacant and offered at $395,000 under a gross lease structure. While under contract with a contingency clause expiring January 18, 2025, the seller is actively seeking backup offers from qualified buyers. This is a fee-simple ownership opportunity in the thriving Uptown Martinsville business district.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Martinsville
County
Martinsville City
State
Virginia
Longitude
-79.8701
Latitude
36.6888
CBSA code
32300
CBSA name
MARTINSVILLE, VA MICROPOLITAN 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
2023
$1,612
$33,600
$129,200
$162,800
-
$33,600
$129,200
$162,800
More about this property
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