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    Property profile & analytics

    53 Murat Rd Lexington, VA 24450

    • Warehouses
    • 4,000 SF
    • 27.86 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 28, 2024
    $1,000
    Location Intelligence
    Property ID
    US87-2661925
    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

    • Warehouses

    Property Details for 53 Murat Rd

    Year built
    1981
    Lot size
    27.86 lot acres
    Property size
    4,000 SF
    Zone code
    A2
    Property type
    Warehouses
    APN
    86 A 2A
    APU
    86A2A

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Rockbridge
    State
    Virginia
    Longitude
    -79.5317
    Latitude
    37.7507

    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
    0
    $0.00
    $123,400
    $138,700
    $262,100
    -
    $123,400
    $138,700
    $262,100

    Comparable in this City

    • Value Estimation
      $260,000
      0.07 Acres

      115 Randolph St

      STORAGE YARD, OPEN STORAGE • 0.07 Acres
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      View Details
    • Value Estimation
      $385,000
      1,452 SF

      Lee Hwy

      WAREHOUSE, STORAGE • 1,452 SF
      Lee Hwy, Lexington, VA 24450
      View Details
    • Value Estimation
      $345,000
      7,505 SF

      302 Mclaughlin St

      STORAGE YARD, OPEN STORAGE • 7,505 SF
      302 Mclaughlin St, Lexington, VA 24450-2004
      View Details
    • Value Estimation
      $435,000
      13,371 SF

      114 Mclaughlin St

      STORAGE YARD, OPEN STORAGE • 13,371 SF
      114 Mclaughlin St, Lexington, VA 24450-2023
      View Details
    • Value Estimation by Request
      8,580 SF

      77 Yellow Rail Ln

      WAREHOUSE, STORAGE • 8,580 SF
      77 Yellow Rail Ln, Lexington, VA 24450
      View Details
    • Value Estimation by Request
      4,897 SF

      1541 Lee Hwy

      WAREHOUSE, STORAGE • 4,897 SF
      1541 Lee Hwy, Lexington, VA 24450-3301
      View Details

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    53 Murat Rd
    Lexington, VA 24450
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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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