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    Property profile & analytics

    498 Church St Mathews, VA 23109

    • Commercial real estate
    • 1.50 lot acres
    For Sale
    View listing
    $750,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-3023871
    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

    • Commercial real estate

    Property Details for 498 Church St

    Year built
    1996
    Lot size
    1.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, situated at 498 Church Street in the heart of Mathews Village, Virginia, presents a unique investment opportunity. Spanning a generous 1.5 acres, the building offers significant size and flexibility, making it suitable for a wide range of commercial ventures. The property underwent a substantial expansion in 2005, enhancing its overall functionality and space. Recent improvements include a brand-new HVAC system installed in the rear of the building in 2021, ensuring efficient and comfortable climate control. Its prime location directly on Church Street provides excellent visibility and accessibility, placing it within the bustling commercial center of Mathews Village. The property's size, combined with its recent updates and desirable location, makes it an attractive proposition for businesses seeking a well-maintained and versatile space in a thriving community. The asking price is $750,000. Serious inquiries are encouraged to explore the potential of this remarkable commercial property and its suitability for various business applications. The property is currently listed as "Other" in terms of property type, allowing for a wide range of potential uses. Further details are available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mathews
    County
    MATHEWS COUNTY
    State
    Virginia
    Longitude
    -76.32777
    Latitude
    37.43783

    Comparable in this City

    • $235,000
      19.42 Acres

      Expansive Land Near Historic Downtown

      19.4 acres near downtown Mathews, suitable for residential or commercial.
      19.42 Ac Main St, Mathews, VA 23109
      View Details
    • $41,500
      7.00 Acres

      7 Acres Land Near Beaches

      7 acre lot near beaches, shopping, and restaurants.
      611 Salem Church Rd, Mathews, VA 23109
      View Details
    • Contact for pricing
      2.63 Acres

      Land Parcel in Mathews, VA

      Private 2.63-acre parcel near town, shopping, and schools.
      622 Glebe Rd, Mathews, VA 23109
      View Details
    • New
      $39,950
      3.20 Acres

      Land in Mathews, Virginia

      3.2-acre lot near town with potential for dream home.
      045 Moon Hvn Ln, Mathews, VA 23109
      View Details
    • New
      $43,900
      5.64 Acres

      Land in Mathews, Virginia

      5.64 acres of land near marina, boat ramp, and beach.
      005 Moon Hvn Ln, Mathews, VA 23109
      View Details
    • $425,000
      8,916 SF

      Main Street Storefront and Warehouse

      Prime commercial/industrial property with storefront, warehouse, and loading dock.
      40 Main St, Mathews, VA 23109
      View Details

    Similar Nearby for Sale

    • $235,000
      19.42 Acres

      Expansive Land Near Historic Downtown

      19.4 acres near downtown Mathews, suitable for residential or commercial.
      19.42 Ac Main St, Mathews, VA 23109
      View Details
    • $41,500
      7.00 Acres

      7 Acres Land Near Beaches

      7 acre lot near beaches, shopping, and restaurants.
      611 Salem Church Rd, Mathews, VA 23109
      View Details
    • Contact for pricing
      2.63 Acres

      Land Parcel in Mathews, VA

      Private 2.63-acre parcel near town, shopping, and schools.
      622 Glebe Rd, Mathews, VA 23109
      View Details
    • New
      $43,900
      5.64 Acres

      Land in Mathews, Virginia

      5.64 acres of land near marina, boat ramp, and beach.
      005 Moon Hvn Ln, Mathews, VA 23109
      View Details
    • New
      $39,950
      3.20 Acres

      Land in Mathews, Virginia

      3.2-acre lot near town with potential for dream home.
      045 Moon Hvn Ln, Mathews, VA 23109
      View Details
    • $90,000
      Pending

      Waterfront Building Lot in Cobbs Creek

      Waterfront building lot in upscale Cobbs Creek community.
      1489 N Cobbs Creek Ln, Cobbs Creek, VA 23109
      View Details
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    498 Church St
    Mathews, VA 23109
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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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