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

    7253 Lee Hwy Rural Retreat, VA 24368-2845

    • Commercial real estate
    • 5,440 SF
    • 1.57 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Feb 22, 2023
    $320,000
    Location Intelligence
    Property ID
    US87-1376191
    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 7253 Lee Hwy

    Year built
    1951
    Lot size
    1.57 lot acres
    Property size
    5,440 SF
    Property type
    Commercial real estate
    APN
    37-5-1C
    APU
    3751C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $370,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $455,000
      Geo Method
      $445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $395,000
      Mixed-Use
      $435,000
      Hospitality
      $350,000
      Educational
      $355,000
      Residential Income
      $415,000
      Energy
      $425,000
      Income-Based Land
      $380,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Rural Retreat
    County
    Smyth
    State
    Virginia
    Longitude
    -81.3746
    Latitude
    36.8857

    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
    $1,576
    $47,100
    $220,000
    $267,100
    -
    $47,100
    $220,000
    $267,100

    Comparable in this City

    • Value Estimation by Request
      5,029 SF

      Rural Retreat, VA 24368

      COMMERCIAL (GENERAL) • 5,029 SF
      Rural Retreat, VA 24368
      View Details
    • Value Estimation
      $180,000
      4,800 SF

      610 Radio Dr

      COMMERCIAL (GENERAL) • 4,800 SF
      610 Radio Dr, Rural Retreat, VA 24368-2576
      View Details
    • Value Estimation
      $45,000
      3,960 SF

      Rural Retreat, VA 24368

      COMMERCIAL (GENERAL) • 3,960 SF
      Rural Retreat, VA 24368
      View Details
    • Value Estimation
      $455,000
      70,290 SF

      100 Ambrose Ln

      COMMERCIAL (GENERAL) • 70,290 SF
      100 Ambrose Ln, Rural Retreat, VA 24368-3273
      View Details
    • Value Estimation
      $1,475,000
      9,301 SF

      6840 Lee Hwy

      COMMERCIAL (GENERAL) • 9,301 SF
      6840 Lee Hwy, Rural Retreat, VA 24368
      View Details
    • Value Estimation
      $180,000
      6,822 SF

      7021 Lee Hwy

      COMMERCIAL (GENERAL) • 6,822 SF
      7021 Lee Hwy, Rural Retreat, VA 24368-2933
      View Details

    Similar Nearby for Sale

    • $53,500
      Pending

      Buildable Lot in Rural Retreat

      1.6-acre buildable lot with utilities in Rural Retreat, Virginia.
      529 Parsonage Ave, Rural Retreat, VA 24368
      View Details
    • $35,000
      0.80 Acres

      Cleared Lot in Rural Retreat

      0.8 acre cleared lot ready to build your dream home.
      19 26B, Rural Retreat, VA 24368
      View Details
    • Contact for pricing
      0.47 Acres

      Land Near Rural Retreat Lake

      0.47 acre lot near Rural Retreat Lake.
      .47Ac Rural Retreat Lk Rd, Rural Retreat, VA 24368
      View Details
    • $1,250,000
      22.97 Acres

      22.97 Acres Commercial Land

      22.97 acres of commercial land with great potential.
      22.97 Black Lick Rd, Rural Retreat, VA 24368
      View Details
    • $450,000
      74.00 Acres

      Farmland with Road Frontage

      74-acre farmland with open pastureland, stream, and outbuildings.
      Gap Of Ridge Rd, Rural Retreat, VA 24368
      View Details
    • $199,500
      4.40 Acres

      Land with Septic and Water

      4.4 acres divided into 6 lots with utilities.
      6 Lots Owl Tree Ln, Rural Retreat, VA 24368
      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.
    7253 Lee Hwy
    Rural Retreat, VA 24368-2845
    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.