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Property profile & analytics
OFF-MARKET Estimated value $520,000
Commercial real estate

4780 Amherst Hwy Madison Heights, VA 24572-5378

0.87 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US87-3256360
Property summary
AI-generated overview

This exceptional .87-acre commercial lot presents a remarkable opportunity for retail development or a ground lease. Boasting 200 feet of frontage on heavily trafficked S. Amherst Highway (Rt. 29 Business), this level lot enjoys excellent visibility and accessibility, with a traffic count estimated at 33,000 vehicles daily. The property benefits from a convenient signalized intersection with Grove Avenue, ensuring easy ingress and egress. Utilities are readily available, including county water and sewer. This location is surrounded by a thriving commercial environment, including recently opened Starbucks and Dunkin' Donuts, a new Cookout under construction, established businesses like Big Lots and Dollar General, and a significant 172-acre mixed-use development currently underway. This development will include apartment units, townhomes, patio homes, and single-family residences, further enhancing the area's appeal and projected growth. The property is zoned B-2, allowing for a variety of commercial uses. One building suite is available. This site offers unparalleled potential for a business seeking high visibility and access to a dense population base. The property is available for lease or ground lease.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.87 ac (37,723 SF)
Zoning code B2
APN 155C 1 B 15-18
UPID US87-3256360
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Yard Spot - Madison Heights VA Production Facility Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k
Owner & transaction history
Commonwealth Of Virginia
Commonwealth Of Virginia
since 2025
Last sale
$500,000
3 recorded transactions
2025
Price N/A
2025
Price N/A
2023
$500,000
Zoning & alternative use
B2 · Madison Heights, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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