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    Property profile & analytics

    53 Commerce Dr Honaker, VA 24260-7700

    • Banks
    • 7,000 SF
    • 2.21 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US87-3251631
    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

    • Banks

    Property Details for 53 Commerce Dr

    Year built
    1998
    Lot size
    2.21 lot acres
    Property size
    7,000 SF
    Property type
    Banks
    APN
    76R 386B
    APU
    76R386B

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Honaker
    County
    Russell
    State
    Virginia
    Longitude
    -81.9693
    Latitude
    37.016

    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
    $7,128
    $192,500
    $939,000
    $1,131,500
    -
    $192,500
    $939,000
    $1,131,500

    Comparable in this City

    • Value Estimation
      $370,000
      3,492 SF

      36 Library Dr

      FINANCIAL BUILDING • 3,492 SF
      36 Library Dr, Honaker, VA 24260-1157
      View Details
    • Value Estimation
      $415,000
      5,072 SF

      6538 Redbud Hwy

      FINANCIAL BUILDING • 5,072 SF
      6538 Redbud Hwy, Honaker, VA 24260
      View Details
    • Value Estimation
      $380,000
      1,500 SF

      2923 Hayters Gap Rd

      CONVENIENCE STORE • 1,500 SF
      2923 Hayters Gap Rd, Honaker, VA 24260-4893
      View Details
    • Value Estimation by Request
      1,380 SF

      5708 Redbud Hwy

      CONVENIENCE STORE • 1,380 SF
      5708 Redbud Hwy, Honaker, VA 24260
      View Details
    • Value Estimation
      $365,000
      12,228 SF

      5500 Redbud Hwy

      SHOW ROOM, WAREHOUSE • 12,228 SF
      5500 Redbud Hwy, Honaker, VA 24260
      View Details
    • Value Estimation
      $405,000
      9,100 SF

      4647 Redbud Hwy

      CONVENIENCE STORE • 9,100 SF
      4647 Redbud Hwy, Honaker, VA 24260-8004
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.11 Acres

      Unrestricted Land - Honaker, VA

      Flat, unrestricted lot ready for your dream home.
      Drill Rd, Honaker, VA 24260
      View Details
    • $35,000
      4.46 Acres

      Mountain Property with Scenic Creek

      Picturesque mountain property featuring a serene small creek.
      Thompson Creek Rd, Honaker, VA 24260
      View Details
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    53 Commerce Dr
    Honaker, VA 24260-7700
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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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