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

    3106 Amherst Hwy Monroe, VA 24574-2822

    • Retail space
    • 16,000 SF
    • 2.52 lot acres
    OFF-MARKET
    Value Estimation
    $415,000
    Last Sale
    Mar 24, 2021
    Location Intelligence
    Property ID
    US87-3150314
    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

    • Retail space

    Property Details for 3106 Amherst Hwy

    Year built
    1970
    Construction
    METAL FRAME
    Lot size
    2.52 lot acres
    Property size
    16,000 SF
    Zone code
    B2R2
    Property type
    Retail space
    APN
    137C2 5 B
    APU
    137C25B

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1257
    Latitude
    37.5003
    CBSA code
    31340
    CBSA name
    LYNCHBURG, 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
    $3,510
    $123,600
    $451,800
    $575,400
    -
    $123,600
    $451,800
    $575,400

    Comparable in this City

    • Value Estimation by Request
      1,903 SF

      6249 Elon Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,903 SF
      6249 Elon Rd, Monroe, VA 24574-3013
      View Details
    • Value Estimation
      $365,000
      2,772 SF

      3362 Amherst Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,772 SF
      3362 Amherst Hwy, Monroe, VA 24574-2114
      View Details
    • Value Estimation by Request
      720 SF

      3459 Amherst Hwy

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      3459 Amherst Hwy, Monroe, VA 24574-2012
      View Details
    • Value Estimation
      $350,000
      1,082 SF

      6252 Elon Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,082 SF
      6252 Elon Rd, Monroe, VA 24574-3012
      View Details
    • Value Estimation by Request
      3,444 SF

      377 5th Frks Rd

      CONVENIENCE STORE • 3,444 SF
      377 5th Frks Rd, Monroe, VA 24574-2746
      View Details
    • Value Estimation
      $355,000
      4,948 SF

      3266 Amherst Hwy

      AUTO REPAIR, GARAGE • 4,948 SF
      3266 Amherst Hwy, Monroe, VA 24574-2823
      View Details

    Similar Nearby for Sale

    • $125,000
      1.60 Acres

      Commercial Property in Monroe, Virginia

      Commercial B2 property in a highly visible location.
      3362 S Amherst Hwy, Monroe, VA 24574
      View Details
    • $45,000
      5.00 Acres

      Amherst County 5-Acre Land Parcel

      Five acre parcel in Amherst County suitable for residential development.
      7 Crane Dr, Monroe, VA 24574
      View Details
    • $199,900
      2,772 SF

      Prime Monroe Commercial Property

      High-visibility corner lot, 2772 sq ft.
      3362 Amherst Hwy, Monroe, VA 24574
      View Details
    • $45,000
      5.00 Acres

      Amherst County Land Parcel

      Five acre parcel in Amherst County, ideal for building.
      14 Crane Dr, Monroe, VA 24574
      View Details
    • $45,000
      5.00 Acres

      Amherst County 5-Acre Land Parcel

      5-acre parcel in Amherst County, ideal for building a home.
      26 Crane Dr, Monroe, VA 24574
      View Details
    • $45,000
      5.03 Acres

      Amherst County Land Parcel

      5 acre residential land parcel in Amherst County, Virginia.
      23 Crane Dr, Monroe, VA 24574
      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.
    3106 Amherst Hwy
    Monroe, VA 24574-2822
    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.