4482 Amherst Hwy Madison Heights, VA 24572-5388
Property profile & analytics
4482 Amherst Hwy, Madison Heights, VA 24572-5388
- Banks
- 2,520 SF
- 0.83 lot acres
Property ID
US87-3240712
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.
Location Intelligence
Current Use by Public Records
- ATM (Suntrust Bank) / Atm
Property Details for 4482 Amherst Hwy
- Year built
- 1974
- Lot size
- 0.83 lot acres
- Zone code
- B2
- Property type
- Banks
- APN
- 155 A 123
- APU
- 155A123
Description
This exceptional 2,531 square foot office building, located at 4482 S. Amherst Hwy in Madison Heights, Virginia (zip code 24572), presents a compelling investment opportunity. Built in 1973, this traditional office space sits on a highly visible corner lot with a convenient drive-thru, previously occupied by a SunTrust branch. The property boasts 100% occupancy with a current lease extending until March 31, 2028, ensuring a stable income stream. The asking price is $890,000, translating to a price per square foot of $351.64. The property is zoned for business use (APN: 155 A 123) and offers significant potential for future growth within the thriving Madison Heights market. The building's strategic location and existing lease provide a strong foundation for a secure and profitable investment, offering a 6.25% cap rate. This is a rare opportunity to acquire a well-located, income-producing property in a dynamic market. The property's features, including its prominent corner location and drive-thru, make it an attractive asset for a variety of potential uses. Serious inquiries are encouraged.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $910,000
- ML approach
- $915,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison Heights
- County
- Amherst
- State
- Virginia
- Longitude
- -79.1221
- Latitude
- 37.4527
- 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
2024
$3,938
$272,100
$373,500
$645,600
-
$272,100
$373,500
$645,600
