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    Property profile & analytics

    401 Spotswood Trl Elkton, VA 22827-1125

    • Retail space
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 06, 2023
    Location Intelligence
    Property ID
    US87-3192423
    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

    • Elkton Laundromat / Laundromat

    Property Details for 401 Spotswood Trl

    Lot size
    0.07 lot acres
    Zone code
    GENERAL BUSINESS DIST
    Property type
    Retail space
    APN
    131B1-(1)-B 18 L44
    APU
    131B11B18L44

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.6251
    Latitude
    38.4076
    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
    $470
    $5,800
    $63,300
    $69,100
    -
    $5,800
    $63,300
    $69,100

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      177 Side Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
      177 Side Hwy, Elkton, VA 22827-1693
      View Details
    • Value Estimation
      $285,000
      100 SF

      101 Warren St

      STORE, RETAIL OUTLET • 100 SF
      101 Warren St, Elkton, VA 22827-1030
      View Details
    • Value Estimation
      $330,000
      0.06 Acres

      106 Spotswood Ave

      STORE, RETAIL OUTLET • 0.06 Acres
      106 Spotswood Ave, Elkton, VA 22827-1119
      View Details
    • Value Estimation
      $13,965,000
      0.90 Acres

      14801 Spotswood Trl

      RETAIL STORES (PERSONAL SERVICES) • 0.90 Acres
      14801 Spotswood Trl, Elkton, VA 22827-3024
      View Details
    • Value Estimation
      $310,000
      0.08 Acres

      420 Spotswood Trl

      STORE, RETAIL OUTLET • 0.08 Acres
      420 Spotswood Trl, Elkton, VA 22827-1126
      View Details
    • Value Estimation
      $380,000
      0.48 Acres

      203 Stuart Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.48 Acres
      203 Stuart Ave, Elkton, VA 22827-1564
      View Details

    Similar Nearby for Sale

    • $925,000
      11,916 SF

      Versatile Commercial Property in Elkton

      Fully leased commercial property with diverse tenants in Elkton, VA.
      406 WEST Spotswood Trl, Elkton, VA 22827
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    • $247,850
      4,378 SF

      Mixed-Use Building in Elkton, VA

      Investment opportunity: retail space with residential apartment in Elkton.
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      Elkton Retail Building - Great Potential

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      Elkton Carwash For Sale

      Carwash with great location and visibility near US 33 East.
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    • $199,900

      Land For Sale

      Land available for sale.
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      Elkton Specialty Property For Sale

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    Elkton, VA 22827-1125
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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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