Property profile & analytics
504 Colony Rd Madison Heights, VA 24572
- Retail space
- 1,680 SF
- 0.46 lot acres
Location Intelligence
Property ID
US87-2695740
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
- Retail space
Property Details for 504 Colony Rd
- Year built
- 1909
- Construction
- FRAME
- Lot size
- 0.46 lot acres
- Property size
- 1,680 SF
- Zone code
- R2
- Property type
- Retail space
- APN
- 160 A 49
- APU
- 160A49
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $95,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $115,000
- 6.5%
- $115,000
- 7%
- $115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $130,000
- Geo Method
- $110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $145,000
- Retail
- $115,000
- Mixed-Use
- $130,000
- Hospitality
- $110,000
- Educational
- $125,000
- Residential Income
- $125,000
- Energy
- $130,000
- Income-Based Land
- $125,000
- Food Service
- $125,000
Location Insight
- Map
- Local Demand
- City
- Madison Heights
- County
- Amherst
- State
- Virginia
- Longitude
- -79.1209
- Latitude
- 37.4157
- 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
$387
$25,000
$38,400
$63,400
-
$25,000
$38,400
$63,400
