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    Property profile & analytics

    4033 Virginia Rd Hobbsville, NC 27946-9508

    • Office Properties & Spaces
    • 7,402 SF
    • 15.07 lot acres
    OFF-MARKET
    Value Estimation
    $1,090,000
    Last Sale
    Mar 21, 2025
    $1,181,000
    Location Intelligence
    Property ID
    US53-4848691
    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

    • C.A. Perry and Son, INC / Agricultural Service
    • Smithfield Grain (Hobbsville) / Grain Elevator
    • Cardinals Chemicals Co / Chemical Plant

    Property Details for 4033 Virginia Rd

    Year built
    1920
    Construction
    STEEL FRAME
    Lot size
    15.07 lot acres
    Property size
    7,402 SF
    Zone code
    A1
    Property type
    Office Properties & Spaces
    APN
    699400904517
    APU
    699400904517

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $990,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,075,000
      6.5%
      $1,110,000
      7%
      $1,260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,220,000
      Geo Method
      $1,205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,095,000
      Retail
      $1,285,000
      Mixed-Use
      $1,205,000
      Hospitality
      $1,280,000
      Educational
      $1,425,000
      Residential Income
      $1,330,000
      Energy
      $1,105,000
      Income-Based Land
      $1,135,000
      Food Service
      $1,295,000

    Location Insight

    • Map
    • Local Demand
    City
    Hobbsville
    County
    Chowan
    State
    North Carolina
    Longitude
    -76.6264
    Latitude
    36.3113

    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
    $5,512
    $69,645
    $680,352
    $749,997
    -
    $69,645
    $680,352
    $749,997

    Comparable in this City

    • Value Estimation by Request
      1,124 SF

      385 Hobbsville Rd

      OFFICE BUILDING • 1,124 SF
      385 Hobbsville Rd, Hobbsville, NC 27946-9544
      View Details
    • Value Estimation by Request
      3.40 Acres

      37 Zion Rd

      COMMERCIAL (GENERAL) • 3.40 Acres
      37 Zion Rd, Hobbsville, NC 27946-9521
      View Details
    • Value Estimation by Request
      384 SF

      124 Spivey Rd

      COMMERCIAL (GENERAL) • 384 SF
      124 Spivey Rd, Hobbsville, NC 27946-9533
      View Details
    • Value Estimation by Request
      2,208 SF

      1002 Acorn Hl Rd

      COMMERCIAL (GENERAL) • 2,208 SF
      1002 Acorn Hl Rd, Hobbsville, NC 27946
      View Details
    • Value Estimation
      $455,000
      5,591 SF

      1271 Acorn Hl Rd

      COMMERCIAL (GENERAL) • 5,591 SF
      1271 Acorn Hl Rd, Hobbsville, NC 27946
      View Details
    • Value Estimation
      $400,000
      840 SF

      234 Punch Bowl Rd

      COMMERCIAL (GENERAL) • 840 SF
      234 Punch Bowl Rd, Hobbsville, NC 27946-9426
      View Details
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    Hobbsville, NC 27946-9508
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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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