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    Property profile & analytics

    3637 Lexington Tpke Amherst, VA 24521-3704

    • Grocery and convenience stores
    • 2,450 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Sep 19, 2024
    Location Intelligence
    Property ID
    US87-3167772
    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

    • Grocery and convenience stores

    Property Details for 3637 Lexington Tpke

    Year built
    1962
    Lot size
    1.80 lot acres
    Property size
    2,450 SF
    Zone code
    A1
    Property type
    Grocery and convenience stores
    APN
    48 A 25
    APU
    48A25

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1638
    Latitude
    37.6651
    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
    2023
    $1,538
    $36,000
    $216,100
    $252,100
    -
    $36,000
    $216,100
    $252,100

    Comparable in this City

    • Value Estimation
      $770,000
      2,626 SF

      188 Faulconerville Dr

      CONVENIENCE STORE • 2,626 SF
      188 Faulconerville Dr, Amherst, VA 24521-3373
      View Details
    • Value Estimation
      $445,000
      1,944 SF

      1869 Lexington Tpke

      CONVENIENCE STORE • 1,944 SF
      1869 Lexington Tpke, Amherst, VA 24521-3590
      View Details
    • Value Estimation
      $405,000
      7,340 SF

      1415 Amherst Hwy

      CONVENIENCE STORE • 7,340 SF
      1415 Amherst Hwy, Amherst, VA 24521-2571
      View Details
    • Value Estimation
      $370,000
      2,640 SF

      2041 Amherst Hwy

      CONVENIENCE STORE • 2,640 SF
      2041 Amherst Hwy, Amherst, VA 24521-3353
      View Details
    • Value Estimation
      $215,000
      3,845 SF

      1900 Lowesville Rd

      CONVENIENCE STORE • 3,845 SF
      1900 Lowesville Rd, Amherst, VA 24521-4230
      View Details
    • Value Estimation
      $1,465,000
      3,750 SF

      100 Main St

      CONVENIENCE STORE • 3,750 SF
      100 Main St, Amherst, VA 24521
      View Details

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    Amherst, VA 24521-3704
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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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