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    Property profile & analytics

    721 Reese St Emporia, VA 23847-1424

    • Grocery and convenience stores
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-3268881
    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

    • Grocery and convenience stores

    Property Details for 721 Reese St

    Year built
    1955
    Property type
    Grocery and convenience stores
    APN
    123 -16 -0 -2-4
    APU
    12316024

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Emporia
    County
    Emporia City
    State
    Virginia
    Longitude
    -77.5318
    Latitude
    36.6981

    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
    $180
    $11,300
    $8,300
    $19,600
    -
    $11,300
    $8,300
    $19,600

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      10578 Brink Rd

      CONVENIENCE STORE • 1,600 SF
      10578 Brink Rd, Emporia, VA 23847-5110
      View Details
    • Value Estimation by Request
      1,656 SF

      1614 Dry Bread Rd

      CONVENIENCE STORE • 1,656 SF
      1614 Dry Bread Rd, Emporia, VA 23847-5762
      View Details
    • Value Estimation by Request

      703 Atlantic St

      CONVENIENCE STORE
      703 Atlantic St, Emporia, VA 23847-1213
      View Details
    • Value Estimation by Request
      1.62 Acres

      901 Market Dr

      CONVENIENCE STORE • 1.62 Acres
      901 Market Dr, Emporia, VA 23847-1562
      View Details
    • Value Estimation
      $275,000
      20.00 Acres

      1038 Main St Sta, Unit A

      CONVENIENCE STORE • 20.00 Acres
      1038 Main St Sta, Emporia, VA 23847-1257
      View Details
    • Value Estimation
      $310,000
      2,380 SF

      121 Courtland Rd

      CONVENIENCE STORE • 2,380 SF
      121 Courtland Rd, Emporia, VA 23847-6550
      View Details

    Similar Nearby for Sale

    • $950,000
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      Established Dry Cleaning Business For Sale

      Thriving dry cleaning and laundry business with real estate and equipment.
      N Main St, Emporia, VA 23847
      View Details
    • $1,399,000
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      Emporia, VA Retail Investment

      High-Cap Rate Aaron's Furniture Store
      102 Dominion Dr, Emporia, VA 23847
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    • $299,995
      Pending

      Historic Bank Building in Emporia

      Repurposed bank building in historic district with rental income.
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    • $500,000

      Emporia Industrial Land - $500K

      Prime I-2 zoned land, ideal for industrial development.
      204 Industrial Dr, Emporia, VA 23847
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    • Contact for pricing
      330,000 SF

      Industrial Property with Paved Yard

      330,000 sq ft industrial property with I-95 access.
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    • $499,000
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      Cleared Commercial Land Near Amenities

      2+ acre commercial lot near hotels, restaurants, and medical.
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      83,807 SF

      Retail Suites in Emporia Center

      Retail suites available in neighborhood shopping center in Emporia.
      510 N Main St, Emporia, VA 23847
      View Details
    • Contact for pricing

      Retail Pad Site For Rent

      0.707 acre pad site in anchored neighborhood center.
      100 Market Dr, Emporia, VA 23847
      View Details
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    721 Reese St
    Emporia, VA 23847-1424
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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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