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    Property profile & analytics

    62 Commerce Dr Honaker, VA 24260

    • Office buildings
    • 18,416 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $540,000
    Location Intelligence
    Property ID
    US87-2464555
    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

    • Office buildings

    Property Details for 62 Commerce Dr

    Lot size
    0.42 lot acres
    Property size
    18,416 SF
    Property type
    Office buildings
    APN
    76R 386C
    APU
    76R386C

    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
    -81.9691
    Latitude
    37.0166

    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
    $7,400
    $54,600
    $1,120,000
    $1,174,600
    -
    $54,600
    $1,120,000
    $1,174,600

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      9564 Redbud Hwy

      OFFICE BUILDING • 1,200 SF
      9564 Redbud Hwy, Honaker, VA 24260-7204
      View Details
    • Value Estimation
      $595,000
      5,202 SF

      25 Swords Crk Rd

      OFFICE BUILDING • 5,202 SF
      25 Swords Crk Rd, Honaker, VA 24260-7382
      View Details
    • Value Estimation by Request

      11884 Helen Henderson Hwy

      OFFICE BUILDING
      11884 Helen Henderson Hwy, Honaker, VA 24260-4960
      View Details
    • Value Estimation by Request

      3841 Helen Henderson Hwy

      OFFICE BUILDING
      3841 Helen Henderson Hwy, Honaker, VA 24260
      View Details
    • Value Estimation
      $355,000
      1,800 SF

      7121 Redbud Hwy

      OFFICE BUILDING • 1,800 SF
      7121 Redbud Hwy, Honaker, VA 24260-7182
      View Details
    • Value Estimation by Request
      4,200 SF

      539 Tigertown Dr

      OFFICE BUILDING • 4,200 SF
      539 Tigertown Dr, Honaker, VA 24260
      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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    62 Commerce Dr
    Honaker, VA 24260
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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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