Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2831 Merry Pt Rd Lancaster, VA 22503

    • Investment properties
    • 6,020 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Location Intelligence
    Property ID
    US87-3192857
    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

    • Truss Systems of Virginia / Roofing Supply Store

    Property Details for 2831 Merry Pt Rd

    Year built
    1965
    Lot size
    2.05 lot acres
    Property size
    6,020 SF
    Zone code
    M1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    21 120
    APU
    21120

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.4797
    Latitude
    37.7347

    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
    $1,309
    $27,700
    $180,000
    $207,700
    -
    $27,700
    $180,000
    $207,700

    Comparable in this City

    • Value Estimation
      $240,000
      3,500 SF

      790 Devils Btm Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,500 SF
      790 Devils Btm Rd, Lancaster, VA 22503-2202
      View Details
    • Value Estimation
      $365,000
      5,376 SF

      497 Doggett Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 5,376 SF
      497 Doggett Ln, Lancaster, VA 22503
      View Details
    • Value Estimation
      $430,000
      4,400 SF

      55 Thomas Lndg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,400 SF
      55 Thomas Lndg Rd, Lancaster, VA 22503
      View Details
    • Value Estimation by Request
      638 SF

      3156 Regina Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 638 SF
      3156 Regina Rd, Lancaster, VA 22503
      View Details
    • Value Estimation
      $215,000
      0.10 Acres

      2798 White Chapel Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.10 Acres
      2798 White Chapel Rd, Lancaster, VA 22503-2718
      View Details
    • Value Estimation
      $285,000
      6,250 SF

      805 Kamps Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,250 SF
      805 Kamps Ml Rd, Lancaster, VA 22503-3955
      View Details

    Similar Nearby for Sale

    • $249,500
      1.65 Acres

      Waterfront Land in Lancaster, Virginia

      Waterfront land with community amenities on the Corrotoman River.
      46 Forest Ln, Lancaster, VA 22503
      View Details
    • $150,000
      Pending

      Lancaster Commercial Building on Route 3

      Commercial building with high visibility and traffic count on Route 3.
      8657 Mary Ball Rd, Lancaster, VA 22503
      View Details
    • $130,000
      Pending

      31 Acres of Farmland

      31-acre tract suitable for farming, hunting, or recreation.
      17-2 Crawfords Corner Rd, Lancaster, VA 22503
      View Details
    • Contact for pricing
      1.27 Acres

      Residential Land Near Whitehouse Creek

      1.27 acre residential land with community boat ramp access.
      00 Bermuda Rd Rd, Lancaster, VA 22503
      View Details
    • $35,000
      3.37 Acres

      Waterfront Land in Eagle Landing

      3.37-acre wooded lot with community waterfront access.
      85 Eagles Trce, Lancaster, VA 22503
      View Details
    • $33,000
      1.81 Acres

      Water Access Community Land

      1.81 acre wooded lot in waterfront community.
      46 Eagles Trce, Lancaster, VA 22503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2831 Merry Pt Rd
    Lancaster, VA 22503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.