Property profile

646 Main St Madison, VA 22727

OFF-MARKET
Commercial real estate
Property ID
US87-2935155
1,089 SF 0.98 ac lot Built 1930
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Total area 1,089 SF
Lot 0.98 ac (42,776 SF)
Zoning code B1
APN 39A 53B
UPID US87-2935155

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

646 Main St Madison, VA 22727-3082
Madison metro Census 930201 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2021
$255,000
2012
$150,000
2009
Price N/A
2005
Price N/A

Zoning & alternative use

B1 · Madison, VA
Zoning description

This district is established for the purpose of accommodating general commercial and business uses to which the public requires direct and frequent access

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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