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    Property profile & analytics

    706 Victory Ln Elk Creek, VA 24326-2137

    • Commercial real estate
    • 600 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US87-2569320
    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

    • Commercial real estate

    Property Details for 706 Victory Ln

    Year built
    1980
    Lot size
    5.00 lot acres
    Property size
    600 SF
    Property type
    Commercial real estate
    APN
    20 - A- - 196F
    APU
    20A196F

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elk Creek
    County
    Grayson
    State
    Virginia
    Longitude
    -81.1798
    Latitude
    36.7311

    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
    2023
    $0.00
    $84,000
    $303,500
    $387,500
    -
    $84,000
    $303,500
    $387,500

    Comparable in this City

    • Value Estimation
      $875,000
      52,008 SF

      10278 Elk Crk Pkwy

      COMMERCIAL (GENERAL) • 52,008 SF
      10278 Elk Crk Pkwy, Elk Creek, VA 24326
      View Details
    • Value Estimation by Request
      2,016 SF

      Elk Creek, VA 24326

      COMMERCIAL (GENERAL) • 2,016 SF
      Elk Creek, VA 24326
      View Details
    • Value Estimation by Request
      2,688 SF

      29 Wagon Wheel Rd

      COMMERCIAL (GENERAL) • 2,688 SF
      29 Wagon Wheel Rd, Elk Creek, VA 24326-2097
      View Details
    • Value Estimation by Request
      3,520 SF

      570 Carsonville Rd

      COMMERCIAL (GENERAL) • 3,520 SF
      570 Carsonville Rd, Elk Creek, VA 24326-2013
      View Details
    • Value Estimation by Request
      57,216 SF

      500 Comers Rock Rd

      COMMERCIAL (GENERAL) • 57,216 SF
      500 Comers Rock Rd, Elk Creek, VA 24326-2551
      View Details
    • Value Estimation
      $375,000
      5,452 SF

      Comers Rock Rd

      COMMERCIAL (GENERAL) • 5,452 SF
      Comers Rock Rd, Elk Creek, VA 24326
      View Details

    Similar Nearby for Sale

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    • $205,000
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    • $94,000
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    706 Victory Ln
    Elk Creek, VA 24326-2137
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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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