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

    7412 Lee Hwy Rural Retreat, VA 24368-2846

    • Commercial real estate
    • 3,900 SF
    • 3.50 lot acres
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US87-1388468
    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 7412 Lee Hwy

    Year built
    1982
    Lot size
    3.50 lot acres
    Property size
    3,900 SF
    Property type
    Commercial real estate
    APN
    38-A-16D
    APU
    38A16D

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rural Retreat
    County
    Smyth
    State
    Virginia
    Longitude
    -81.3705
    Latitude
    36.8861

    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
    $1,323
    $47,800
    $176,500
    $224,300
    -
    $47,800
    $176,500
    $224,300

    Comparable in this City

    • Value Estimation by Request
      2,208 SF

      Rural Retreat, VA 24368

      COMMERCIAL (GENERAL) • 2,208 SF
      Rural Retreat, VA 24368
      View Details
    • Value Estimation by Request
      2,100 SF

      M Huddle Est St

      COMMERCIAL (GENERAL) • 2,100 SF
      M Huddle Est St, Rural Retreat, VA 24368
      View Details
    • Value Estimation by Request
      1,800 SF

      101 Baumgardner Ave

      COMMERCIAL (GENERAL) • 1,800 SF
      101 Baumgardner Ave, Rural Retreat, VA 24368-3318
      View Details
    • Value Estimation by Request
      2,600 SF

      4317 Black Lick Rd

      COMMERCIAL (GENERAL) • 2,600 SF
      4317 Black Lick Rd, Rural Retreat, VA 24368-3113
      View Details
    • Value Estimation by Request
      4,200 SF

      228 Railroad Ave

      COMMERCIAL (GENERAL) • 4,200 SF
      228 Railroad Ave, Rural Retreat, VA 24368
      View Details
    • Value Estimation by Request
      48,318 SF

      514 Main St

      COMMERCIAL (GENERAL) • 48,318 SF
      514 Main St, Rural Retreat, VA 24368-3123
      View Details

    Similar Nearby for Sale

    • $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
    • $199,500
      4.40 Acres

      Land with Septic and Well

      4.4 acres with well, multiple septics, Quonset hut, garage.
      4.4 Ac Owl Tree Ln, Rural Retreat, VA 24368
      View Details
    • $299,900
      29.31 Acres

      29.31 Acres with Multiple Residences

      Farm with multiple residences, barn, garage, wells, and septic.
      29.31 Ac Rdg Top Dr, Rural Retreat, VA 24368
      View Details
    • $1,599,900
      328.00 Acres

      Expansive Land Parcel For Sale

      328 acres of land perfect for building or hunting.
      4662 And 002, Rural Retreat, VA 24368
      View Details
    • $599,000

      Commercial Land with I-81 Visibility

      16.75 acres with high visibility and access to I-81.
      16.75 Ac Blacklick Rd, Rural Retreat, VA 24368
      View Details
    • Contact for pricing
      0.51 Acres

      Land For Single Family Home

      0.50 ac lot ready for a new home.
      Mount Airy Rd, 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.
    7412 Lee Hwy
    Rural Retreat, VA 24368-2846
    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.