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    Property profile & analytics

    341 2nd Ave Cloverdale, VA 24077-3139

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-1424226
    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

    • Commercial real estate

    Property Details for 341 2nd Ave

    Zone code
    M-1
    Property type
    Commercial real estate
    APN
    107A(6)A
    APU
    107A6A

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cloverdale
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.9027
    Latitude
    37.3676
    CBSA code
    40220
    CBSA name
    ROANOKE, 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
    0
    $0.00
    $31,500
    $50,400
    $81,900
    -
    $31,500
    $50,400
    $81,900

    Comparable in this City

    • Value Estimation by Request
      13,056 SF

      39 Gibson Ln

      COMMERCIAL (GENERAL) • 13,056 SF
      39 Gibson Ln, Cloverdale, VA 24077-3149
      View Details
    • Value Estimation by Request
      3.72 Acres

      137 Simmons Dr

      COMMERCIAL (GENERAL) • 3.72 Acres
      137 Simmons Dr, Cloverdale, VA 24077-3130
      View Details
    • Value Estimation
      $595,000

      165 Norfolk And Western Ave

      COMMERCIAL (GENERAL)
      165 Norfolk And Western Ave, Cloverdale, VA 24077-2520
      View Details
    • Value Estimation by Request
      6.42 Acres

      263 Simmons Dr

      COMMERCIAL (GENERAL) • 6.42 Acres
      263 Simmons Dr, Cloverdale, VA 24077-3109
      View Details
    • Value Estimation
      $345,000
      0.92 Acres

      221 Simmons Dr

      COMMERCIAL (GENERAL) • 0.92 Acres
      221 Simmons Dr, Cloverdale, VA 24077-3109
      View Details
    • Value Estimation
      $225,000
      0.44 Acres

      4518 Read Mtn Rd

      COMMERCIAL (GENERAL) • 0.44 Acres
      4518 Read Mtn Rd, Cloverdale, VA 24077-3147
      View Details

    Similar Nearby for Sale

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      2.52 Acres

      Cloverdale Commercial Land - $550,000

      2.52 Acres, B-3 Zoning, Hwy Frontage
      2250 Lee Hwy Service Rd, Cloverdale, VA 24077
      View Details
    • $550,000

      Commercial Land on Lee Highway

      2.52 acres of commercial land with road frontage.
      2250 Lee Hwy, Cloverdale, VA 24077
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    • $475,000

      2.7 Acre Commercial Land Parcel

      2.7 acre commercial land with 600+ ft frontage.
      2100 Lee Hwy, Cloverdale, VA 24077
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    341 2nd Ave
    Cloverdale, VA 24077-3139
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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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