Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4846 Ararat Hwy Ararat, VA 24053-3983

    • Commercial real estate
    • 3.96 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Last Sale
    Aug 31, 2022
    $280,000
    Location Intelligence
    Property ID
    US87-3154755
    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

    • Ararat Automotive / Auto Repair Shop
    • Holland Becky / Apartment Building

    Property Details for 4846 Ararat Hwy

    Lot size
    3.96 lot acres
    Property type
    Commercial real estate
    APN
    4010.20.98
    APU
    40102098

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $310,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $305,000
      Mixed-Use
      $345,000
      Hospitality
      $270,000
      Educational
      $360,000
      Residential Income
      $325,000
      Energy
      $285,000
      Income-Based Land
      $260,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    Ararat
    County
    Patrick
    State
    Virginia
    Longitude
    -80.5136
    Latitude
    36.5967

    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
    $2,057
    $39,800
    $242,000
    $281,800
    -
    $39,800
    $242,000
    $281,800

    Comparable in this City

    • Value Estimation by Request
      0.89 Acres

      1790 Orch Vw Dr

      COMMERCIAL (GENERAL) • 0.89 Acres
      1790 Orch Vw Dr, Ararat, VA 24053-3493
      View Details
    • Value Estimation by Request
      40.00 Acres

      125 Ahart Ridge Rd

      Land • 40.00 Acres
      125 Ahart Ridge Rd, Ararat, VA 24053
      View Details
    • Value Estimation by Request
      0.70 Acres

      4975 Ararat Hwy

      COMMERCIAL (GENERAL) • 0.70 Acres
      4975 Ararat Hwy, Ararat, VA 24053-3400
      View Details
    • Value Estimation
      $330,000
      1.00 Acre

      1919 Willis Gap Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      1919 Willis Gap Rd, Ararat, VA 24053-3644
      View Details
    • Value Estimation by Request

      110 Main St

      Individual retail properties
      110 Main St, Ararat, VA 24053
      View Details
    • Value Estimation by Request
      1.50 Acres

      2294 Orch Gap Rd

      COMMERCIAL (GENERAL) • 1.50 Acres
      2294 Orch Gap Rd, Ararat, VA 24053
      View Details

    Similar Nearby for Sale

    • $35,000
      2.04 Acres

      Ararat, VA Building Lot

      Building lot in gated community near Blue Ridge Parkway.
      81 T, Ararat, VA 24053
      View Details
    • $74,500
      5.91 Acres

      Ararat, VA Unimproved Land

      5.91 acres of wooded land in Ararat, Virginia.
      0000 Ararat Hwy, Ararat, VA 24053
      View Details
    • $1,650,000

      Multi-Family Investment Opportunity in Ararat

      Multi-family property with homes and duplexes near Mt. Airy, NC.
      81-302 Duplex Ln, Ararat, VA 24053
      View Details
    • $1,060,000

      163 AC Wooded Land ForSale

      163 AC wooded land with creek and mountain views.
      125 Ahart Ridge Rd, Ararat, VA 24053
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4846 Ararat Hwy
    Ararat, VA 24053-3983
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.