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Property profile & analytics

7431 Richmond Hwy Appomattox, VA 24522

  • Office buildings
  • 2.31 lot acres
Value Estimation
Location Intelligence
Property ID
US87-2773418
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

  • Office buildings

Property Details for 7431 Richmond Hwy

Year built
1978
Lot size
2.31 lot acres
Property type
Office buildings
APN
63 A 58
APU
63A58

Description

This exceptional commercial property, situated on the heavily trafficked Route 460 in Appomattox, Virginia, presents a unique investment opportunity. The 2.3-acre parcel boasts an impressive 245 feet of road frontage, ensuring high visibility and accessibility for any business. The property includes a substantial 3,290 square foot commercial office building, providing ample space for immediate occupancy or redevelopment. Several additional outbuildings are also present, offering further square footage for storage, expansion, or alternative uses. The property's versatile zoning allows for a wide range of potential uses, including restaurant, office, retail, and medical facilities. Its strategic location offers close proximity to a variety of existing retail and office establishments, creating a synergistic environment for business growth. The combination of high traffic volume, substantial building space, and flexible zoning makes this property an attractive prospect for investors seeking a strong return on investment in a thriving community. The significant road frontage and ample land provide considerable potential for future expansion or redevelopment, catering to a diverse range of business needs. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $310,000
  • CAP approach

    CAP return
    Estimation
    6%
    $370,000
    6.5%
    $410,000
    7%
    $395,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $370,000
    Geo Method
    $400,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $350,000
    Retail
    $390,000
    Mixed-Use
    $455,000
    Hospitality
    $375,000
    Educational
    $340,000
    Residential Income
    $355,000
    Energy
    $400,000
    Income-Based Land
    $465,000
    Food Service
    $380,000

Location Insight

  • Map
  • Local Demand
City
Appomattox
County
Appomattox
State
Virginia
Longitude
-78.8512
Latitude
37.3636
CBSA code
31340
CBSA name
LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

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
$2,075
$123,100
$38,600
$161,700
-
$123,100
$38,600
$161,700
More about this property
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