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    Property profile & analytics

    4846 Amherst Hwy Madison Heights, VA 24572-2478

    • Retail space
    • 9,315 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimation
    $685,000
    Last Sale
    Jul 26, 2023
    $750,000
    Location Intelligence
    Property ID
    US87-3040718
    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

    • Amherst County Guidebook / County Government Office
    • Bigvalley Skill & Arcade Gameroom / Game Store
    • Liberty Tax Service / Tax Preparation / Tax Preparation Service

    Property Details for 4846 Amherst Hwy

    Year built
    1994
    Construction
    MIXED
    Lot size
    1.18 lot acres
    Property size
    9,315 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    155C 8 B
    APU
    155C8B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $595,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $840,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $765,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $695,000
      Mixed-Use
      $880,000
      Hospitality
      $760,000
      Educational
      $830,000
      Residential Income
      $800,000
      Energy
      $925,000
      Income-Based Land
      $800,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1215
    Latitude
    37.4401
    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
    $4,798
    $370,700
    $415,800
    $786,500
    -
    $370,700
    $415,800
    $786,500

    Comparable in this City

    • Value Estimation by Request
      134,387 SF

      150 Riv James Shopping Ctr

      RETAIL STORES (PERSONAL SERVICES) • 134,387 SF
      150 Riv James Shopping Ctr, Madison Heights, VA 24572-2336
      View Details
    • Value Estimation
      $245,000
      1,925 SF

      4650 Amherst Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,925 SF
      4650 Amherst Hwy, Madison Heights, VA 24572-5386
      View Details
    • Value Estimation
      $470,000
      20,820 SF

      4133 Amherst Hwy

      RETAIL STORES (PERSONAL SERVICES) • 20,820 SF
      4133 Amherst Hwy, Madison Heights, VA 24572-5967
      View Details
    • Value Estimation
      $220,000
      2,240 SF

      3659 Amherst Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,240 SF
      3659 Amherst Hwy, Madison Heights, VA 24572-5958
      View Details
    • Value Estimation
      $225,000
      3,270 SF

      2501 Elon Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,270 SF
      2501 Elon Rd, Madison Heights, VA 24572
      View Details
    • Value Estimation
      $260,000
      5,400 SF

      120 Great Oaks Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      120 Great Oaks Dr, Madison Heights, VA 24572-5000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.84 Acres

      Residential Land in Madison Heights

      Unimproved lot suitable for building a future home or spec house.
      0-0 Monticello Ln, Madison Heights, VA 24572
      View Details
    • $1,200,000
      2.13 Acres

      Prime Commercial Land on Route 29

      2.129 acres of commercial/industrial land with high visibility on Route 29.
      4512 South Amherst Hwy, Madison Heights, VA 24572
      View Details
    • Contact for pricing
      1.00 Acre

      Buildable Lot Near Route 130

      One-acre buildable lot near Madison Heights and Route 130.
      115 Morgan Rd, Madison Heights, VA 24572
      View Details
    • $110,000
      1,200 SF

      Office Condo Near Downtown Lynchburg

      1,200 SF office condo minutes from Downtown Lynchburg.
      5066 S Amherst Hwy, Madison Heights, VA 24572
      View Details
    • $1,200,000

      Modern Homestead with Pond

      28.25-acre property featuring a custom 4-6 bedroom home and pond.
      1543 Elon Rd, Madison Heights, VA 24572
      View Details
    • Contact for pricing
      1.68 Acres

      Prime Madison Heights Commercial Land

      1.68 Acres, High Visibility Location
      150 River James Dr, Madison Heights, VA 24572
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,700 SF

      Retail Space in Madison Heights

      Retail space available within established shopping center.
      161-179 Madison Heights Sq, Madison Heights, VA 24572
      View Details
    • Contact for pricing
      5,950 SF

      Blockbuster Heights Shopping Center

      Madison Heights Retail Spaces Available
      4842 Amherst Hwy, Madison Heights, VA 24572
      View Details
    • $7 SF/Yr
      9,600 SF

      Madison Heights Commercial Building

      9,600 SF Flex/Warehouse, 1.34 Acres
      138 Amelon Expy, Madison Heights, VA 24572
      View Details
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    4846 Amherst Hwy
    Madison Heights, VA 24572-2478
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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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