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Property profile & analytics

405 3rd St Grottoes, VA 24441-1528

  • Retail space
  • 1.44 lot acres
OFF-MARKET
Value Estimation
$965,000
Last Sale
Aug 19, 2021
$1,140,000
Location Intelligence
Property ID
US87-2735086
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

  • Dollar General / Discount Store / Drug Store
  • FedEx OnSite / Mailing Service
  • Western Union / Money Order Service / Money Transfer Service

Property Details for 405 3rd St

Year built
2009
Lot size
1.44 lot acres
Property type
Retail space
APN
160D3-(3)- L2
APU
160D33L2

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $865,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,035,000
    6.5%
    $990,000
    7%
    $1,095,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,120,000
    Geo Method
    $910,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $960,000
    Retail
    $1,070,000
    Mixed-Use
    $1,225,000
    Hospitality
    $970,000
    Educational
    $940,000
    Residential Income
    $1,060,000
    Energy
    $950,000
    Income-Based Land
    $1,020,000
    Food Service
    $925,000

Location Insight

  • Map
  • Local Demand
City
Grottoes
County
Rockingham
State
Virginia
Longitude
-78.8308
Latitude
38.2635
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
$7,175
$158,800
$896,400
$1,055,200
-
$158,800
$896,400
$1,055,200
More about this property
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