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    Property profile & analytics

    201 Commonwealth W Blvd Martinsville, VA 24112-1820

    • Automotive properties
    • 40,394 SF
    • 5.50 lot acres
    OFF-MARKET
    Value Estimation
    $770,000
    Location Intelligence
    Property ID
    US87-3087055
    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

    • Nelson Mazda / Car Dealer
    • Autos By Nelson / Car Dealer / Used Car Dealer
    • Nelson Ford / Car Dealer
    • Home - Nelson Motorsports, Martinsville VA / Car Racing Track
    • Nelson Mazda Parts / Auto Parts Store

    Property Details for 201 Commonwealth W Blvd

    Year built
    1974
    Lot size
    5.50 lot acres
    Property size
    40,394 SF
    Zone code
    ED-G
    Property type
    Automotive properties
    APN
    22 (08 )00 /A
    APU
    220800A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $715,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,045,000
      6.5%
      $1,015,000
      7%
      $1,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,055,000
      Geo Method
      $1,130,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $915,000
      Retail
      $1,040,000
      Mixed-Use
      $900,000
      Hospitality
      $780,000
      Educational
      $815,000
      Residential Income
      $920,000
      Energy
      $1,020,000
      Income-Based Land
      $1,035,000
      Food Service
      $965,000

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.8767
    Latitude
    36.6954
    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
    $17,673
    $1,226,200
    $559,000
    $1,785,200
    -
    $1,226,200
    $559,000
    $1,785,200

    Comparable in this City

    • Value Estimation by Request
      1,196 SF

      717 Memorial N Blvd

      VEHICLE SALES, RENTALS • 1,196 SF
      717 Memorial N Blvd, Martinsville, VA 24112-2537
      View Details
    • Value Estimation
      $225,000
      1,936 SF

      1213 Memorial S Blvd

      CAR WASH • 1,936 SF
      1213 Memorial S Blvd, Martinsville, VA 24112-4806
      View Details
    • Value Estimation
      $150,000
      6,020 SF

      221 Brg S St

      AUTO REPAIR, GARAGE • 6,020 SF
      221 Brg S St, Martinsville, VA 24112-3605
      View Details
    • Value Estimation by Request
      1,750 SF

      242 Church St

      SERVICE STATION (FULL SERVICE) • 1,750 SF
      242 Church St, Martinsville, VA 24112-2808
      View Details
    • Value Estimation
      $40,000
      1,856 SF

      308 Church St

      SERVICE STATION (FULL SERVICE) • 1,856 SF
      308 Church St, Martinsville, VA 24112-2614
      View Details
    • Value Estimation by Request
      0.15 Acres

      56 Church St Lot Lot

      PARKING LOT • 0.15 Acres
      56 Church St Lot Lot, Martinsville, VA 24112-6210
      View Details

    Similar Nearby for Sale

    • $275,000
      1.14 Acres

      Established Auto Shop with Lifts

      Two-level auto shop with lifts and ample parking.
      1925 Old Chatham Rd, Martinsville, VA 24112
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    • $375,000
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      Martinsville Land For Sale

      Commercial opportunity with high traffic and ample paved space.
      1395 Virginia Ave, Martinsville, VA 24112
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    • $375,000
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      Martinsville Commercial Parking Lot Opportunity

      Paved parking lot with high traffic count in Martinsville.
      1395 Virginia Ave, Martinsville, VA 24112
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    • $800,000
      4,000 SF

      870 Preston Rd

      Prime Real Estate & High-Cash-Flow Business in Martinsville, VA
      870 Preston Rd, Martinsville, VA 24112
      View Details
    • $700,000
      1.27 Acres

      Pad-Ready Commercial Lot For Sale

      High-traffic commercial lot with utilities and access road.
      384 W Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • $365,000
      2,048 SF

      Retail Building on High-Traffic Corridor

      2,048 SF retail building on 0.46 acre lot.
      1706 Virginia Ave, Martinsville, VA 24112
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Martinsville

      Retail space available on Commonwealth Blvd in Martinsville, VA.
      100 West Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • $13 SF/Yr
      13,569 SF

      Martinsville Retail Space for Lease

      13,569 SF Former Pharmacy, High Traffic
      2707 Greensboro Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      77,000 SF

      Cloverleaf Shopping Center Investment

      Martinsville, VA retail center opportunity
      2370 Greensboro Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      288,254 SF

      Martinsville Retail Center Investment

      Grocery-anchored power center, high traffic.
      240 Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      213,869 SF

      Patrick Henry Mall Office Suites

      Martinsville, VA Executive Office Space Available
      730 Church St, Martinsville, VA 24112
      View Details
    • $10 SF/Yr
      5,559 SF

      Uptown Martinsville Office Space

      Prime Office Suites, Flexible Layout
      26 Church St, Martinsville, VA 24112
      View Details
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    Martinsville, VA 24112-1820
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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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