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    Property profile & analytics

    218 Spotswood Trl Elkton, VA 22827-1122

    • Office buildings
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Last Sale
    Dec 28, 2022
    $235,000
    Location Intelligence
    Property ID
    US87-2904101
    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

    • Office buildings

    Property Details for 218 Spotswood Trl

    Lot size
    0.06 lot acres
    Zone code
    GENERAL BUSINESS DIST
    Property type
    Office buildings
    APN
    131B1-(3)- L5
    APU
    131B13L5

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $230,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $200,000
      Mixed-Use
      $210,000
      Hospitality
      $225,000
      Educational
      $190,000
      Residential Income
      $220,000
      Energy
      $255,000
      Income-Based Land
      $220,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.623
    Latitude
    38.4078
    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
    $1,909
    $9,400
    $271,300
    $280,700
    -
    $9,400
    $271,300
    $280,700

    Comparable in this City

    • Value Estimation
      $300,000
      1.53 Acres

      11530 Model Rd

      OFFICE BUILDING • 1.53 Acres
      11530 Model Rd, Elkton, VA 22827-3320
      View Details
    • Value Estimation
      $205,000
      0.93 Acres

      2512 Panorama Dr

      OFFICE BUILDING • 0.93 Acres
      2512 Panorama Dr, Elkton, VA 22827
      View Details
    • Value Estimation
      $205,000
      100 SF

      14016 Spotswood Trl

      OFFICE BUILDING • 100 SF
      14016 Spotswood Trl, Elkton, VA 22827-3214
      View Details
    • Value Estimation
      $355,000
      100 SF

      16537 Kites Dr

      OFFICE BUILDING • 100 SF
      16537 Kites Dr, Elkton, VA 22827-2782
      View Details
    • Value Estimation
      $385,000
      1.67 Acres

      600 Mt Hermon Rd

      OFFICE BUILDING • 1.67 Acres
      600 Mt Hermon Rd, Elkton, VA 22827-3028
      View Details
    • Value Estimation
      $295,000
      1.56 Acres

      501 Shenandoah Ave

      OFFICE BUILDING • 1.56 Acres
      501 Shenandoah Ave, Elkton, VA 22827-3063
      View Details

    Similar Nearby for Sale

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      Fully leased commercial property with diverse tenants in Elkton, VA.
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      2.19 acre parcel with high visibility on Route 33.
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      Mixed-Use Building in Elkton, VA

      Investment opportunity: retail space with residential apartment in Elkton.
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    218 Spotswood Trl
    Elkton, VA 22827-1122
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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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