Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    531 Acorn Dr Harrisonburg, VA 22802-2428

    • Retail space
    • 3,250 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Last Sale
    Apr 09, 2021
    $525,000
    Location Intelligence
    Property ID
    US87-3192432
    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

    • AVIA LLC - AUDIO VIDEO INTEGRATION AUTOMATION / Telecommunications Contractor / Audio Visual Consultant
    • Colnial Industrial Refrigeration / Corporate Office

    Property Details for 531 Acorn Dr

    Year built
    1998
    Lot size
    0.65 lot acres
    Property size
    3,250 SF
    Zone code
    GENERAL INDUSTRIAL
    Property type
    Retail space
    APN
    045 C 5
    APU
    045C5

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $480,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $450,000
      Mixed-Use
      $565,000
      Hospitality
      $435,000
      Educational
      $580,000
      Residential Income
      $470,000
      Energy
      $545,000
      Income-Based Land
      $535,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg City
    State
    Virginia
    Longitude
    -78.8616
    Latitude
    38.4711
    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
    2021
    $3,118
    $140,600
    $205,800
    $346,400
    -
    $140,600
    $205,800
    $346,400

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      89 Elizabeth St

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      89 Elizabeth St, Harrisonburg, VA 22802-4123
      View Details
    • Value Estimation by Request
      20,088 SF

      731 Mt Clinton Pike

      RETAIL STORES (PERSONAL SERVICES) • 20,088 SF
      731 Mt Clinton Pike, Harrisonburg, VA 22802-5463
      View Details
    • Value Estimation by Request
      8,910 SF

      1640 Virginia Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,910 SF
      1640 Virginia Ave, Harrisonburg, VA 22802-8369
      View Details
    • Value Estimation
      $345,000
      4,300 SF

      186 Charles St

      RETAIL STORES (PERSONAL SERVICES) • 4,300 SF
      186 Charles St, Harrisonburg, VA 22802-4610
      View Details
    • Value Estimation
      $355,000
      3,200 SF

      951 Acorn Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      951 Acorn Dr, Harrisonburg, VA 22802-2400
      View Details
    • Value Estimation
      $270,000
      2,080 SF

      921 Chicago Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,080 SF
      921 Chicago Ave, Harrisonburg, VA 22802-5433
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,275 SF

      Harrisonburg Retail Property For Sale

      Retail property in Harrisonburg, Virginia, near James Madison University.
      57 Mount Clinton Pike, Harrisonburg, VA 22802
      View Details
    • $1,795,000
      5.79 Acres

      Harrisonburg Commercial Property

      Prime 7,000 SF Auto Shop & Land
      2794 Valley Pike, Harrisonburg, VA 22802
      View Details
    • $1,199,900
      Pending

      Historic Building in Downtown Harrisonburg

      Rare opportunity in downtown Harrisonburg with large footprint and parking.
      227 NORTH Main St, Harrisonburg, VA 22802
      View Details
    • $3,200,000
      0.26 Acres

      Downtown Harrisonburg Mixed-Use Investment

      Fully leased property with development potential in a Qualified Opportunity Zone.
      90 NORTH Main St, Harrisonburg, VA 22802
      View Details
    • $975,000
      Pending

      45-Acre Farm with Retail Center

      Thriving farm with retail storefront, gardens, and greenhouses.
      3930 Cromer Rd, Harrisonburg, VA 22802
      View Details
    • $2,295,000
      12,920 SF

      Harrisonburg Commercial Building with Showroom

      12,920 SF commercial facility in downtown Harrisonburg, Virginia.
      60 E Rock St, Harrisonburg, VA 22802
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Versatile Space in Rockingham County

      Open space suitable for retail, office, studio, or creative uses.
      2226 Rawley Pike, Harrisonburg, VA 22802
      View Details
    • $12 SF/Yr
      12,920 SF

      Versatile Commercial Space in Harrisonburg

      12,920 SF commercial space suitable for retail, warehouse, or flex.
      60 E Rock St, Harrisonburg, VA 22802
      View Details
    • $20 SF/Yr
      6,174 SF

      Retail Space Near James Madison

      6,174 SF retail space for lease near JMU.
      351 N Mason St, Harrisonburg, VA 22802
      View Details
    • $15 SF/Yr
      6,600 SF

      Harpine Highway Flex Space

      Unique warehouse/retail space available.
      3315 Harpine Hwy, Harrisonburg, VA 22802
      View Details
    • $1.00 SF/Yr
      39,640 SF

      Renovated Flex Space in Harrisonburg

      Multi-use commercial space ideal for various business types.
      1090 Virginia Ave, Harrisonburg, VA 22802
      View Details
    • $12 SF/Yr
      6,400 SF

      Harrisonburg Office Space Available

      6,400 SF Office Building, VA
      3060 Valley Pike, Harrisonburg, VA 22802
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    531 Acorn Dr
    Harrisonburg, VA 22802-2428
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.