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    Property profile & analytics

    506 Main St Bridgewater, VA 22812-1625

    • Turn key restaurants
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Jan 13, 2023
    Location Intelligence
    Property ID
    US87-3070170
    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

    • Dairy Queen / Fast Food Restaurant / Ice Cream Shop

    Property Details for 506 Main St

    Year built
    1982
    Lot size
    0.47 lot acres
    Zone code
    GENERAL BUSINESS DIST
    Property type
    Turn key restaurants
    APN
    122A2-(A)- L92
    APU
    122A2AL92

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bridgewater
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.9697
    Latitude
    38.3869
    CBSA code
    25500
    CBSA name
    HARRISONBURG, 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
    $2,354
    $81,700
    $264,500
    $346,200
    -
    $81,700
    $264,500
    $346,200

    Comparable in this City

    • Value Estimation
      $410,000
      0.66 Acres

      300 Main St

      RESTAURANT • 0.66 Acres
      300 Main St, Bridgewater, VA 22812-1306
      View Details
    • Value Estimation
      $330,000
      0.57 Acres

      305 Main St

      RESTAURANT • 0.57 Acres
      305 Main St, Bridgewater, VA 22812-1307
      View Details
    • Value Estimation
      $280,000
      0.09 Acres

      425 Main St

      RESTAURANT • 0.09 Acres
      425 Main St, Bridgewater, VA 22812-1624
      View Details
    • Value Estimation
      $805,000
      0.07 Acres

      101 Main St

      RESTAURANT • 0.07 Acres
      101 Main St, Bridgewater, VA 22812-1303
      View Details
    • Value Estimation
      $220,000
      1,476 SF

      318 Main St

      RESTAURANT • 1,476 SF
      318 Main St, Bridgewater, VA 22812-1306
      View Details
    • Value Estimation
      $250,000
      0.71 Acres

      403 Main St

      RESTAURANT • 0.71 Acres
      403 Main St, Bridgewater, VA 22812-1623
      View Details

    Similar Nearby for Sale

    • $575,000
      3,492 SF

      Free Standing Drive-Thru Restaurant

      3,492 SF building with two drive-thru lanes for sale.
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    • $1,495,000
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      Historic Restaurant and Real Estate

      Turnkey restaurant with historic real estate in Bridgewater, Virginia.
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    • Contact for pricing
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      Land For Sale - Bridgewater, VA

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    • $99,900
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    Similar Nearby for Lease

    • $16 SF/Yr
      9,569 SF

      Prime Bridgewater Retail Space

      New construction, divisible suites, high visibility.
      0 Dinkel Ave, Dayton, VA 22812
      View Details
    • $1.00 SF/Yr

      Retail Space in New Center

      New retail space in Bridgewater, near major employers and residential.
      50 Dinkel Ave, Bridgewater, VA 22812
      View Details
    • $1.00 SF/Yr

      BRIDGEWATER Flex Warehouse Spaces Available

      Flex warehouse spaces available from 1,000 to 100,000 sqft.
      105 Dry River Rd, Bridgewater, VA 22812
      View Details
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    506 Main St
    Bridgewater, VA 22812-1625
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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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