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    Property profile & analytics

    78 Carlton St Harrisonburg, VA 22801-4325

    • Drive through restaurants
    • 2,232 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    $1,325,000
    Last Sale
    Jul 10, 2024
    $1,300,000
    Location Intelligence
    Property ID
    US87-2776973
    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

    • Dairy Queen Grill & Chill - Carlton Street DQ / Fast Food Restaurant / Ice Cream Shop

    Property Details for 78 Carlton St

    Year built
    2009
    Lot size
    0.58 lot acres
    Property size
    2,232 SF
    Zone code
    GENERAL BUSINESS
    Property type
    Drive through restaurants
    APN
    027 N 12
    APU
    027N12

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,160,000
      6.5%
      $1,295,000
      7%
      $1,135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,260,000
      Geo Method
      $1,560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,465,000
      Retail
      $1,365,000
      Mixed-Use
      $1,460,000
      Hospitality
      $1,360,000
      Educational
      $1,235,000
      Residential Income
      $1,465,000
      Energy
      $1,380,000
      Income-Based Land
      $1,405,000
      Food Service
      $1,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg City
    State
    Virginia
    Longitude
    -78.8569
    Latitude
    38.4433
    CBSA code
    25500
    CBSA name
    HARRISONBURG, 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
    2021
    $8,142
    $302,500
    $602,200
    $904,700
    -
    $302,500
    $602,200
    $904,700

    Comparable in this City

    • Value Estimation by Request
      4,367 SF

      1691 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,367 SF
      1691 Market St, Harrisonburg, VA 22801-5117
      View Details
    • Value Estimation by Request
      3,534 SF

      1688 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,534 SF
      1688 Market St, Harrisonburg, VA 22801-5106
      View Details
    • Value Estimation by Request
      4,089 SF

      98 Carlton St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,089 SF
      98 Carlton St, Harrisonburg, VA 22801-4325
      View Details
    • Value Estimation
      $155,000
      1,792 SF

      88 Carlton St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,792 SF
      88 Carlton St, Harrisonburg, VA 22801-4325
      View Details
    • Value Estimation by Request
      7,852 SF

      45 Burgess Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 7,852 SF
      45 Burgess Rd, Harrisonburg, VA 22801-9731
      View Details
    • Value Estimation by Request
      2,809 SF

      58 Carlton St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,809 SF
      58 Carlton St, Harrisonburg, VA 22801-4325
      View Details

    Similar Nearby for Sale

    • $1,700,000
      3,227 SF

      Established KFC Restaurant For Sale

      Long-term NNN lease KFC restaurant near James Madison University.
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    • $4,795,000
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      Harrisonburg Retail Land Opportunity

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      3050 Main St, Harrisonburg, VA 22801
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    • Contact for pricing
      1.00 Acre

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    Similar Nearby for Lease

    • $1.00 SF/Yr
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      Harrisonburg Restaurant with Drive-Thru Potential

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    • $1.00 SF/Yr

      Restaurant Space Near James Madison

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    • $1.00 SF/Yr

      Downtown Harrisonburg Building For Lease

      3,718 SF of flexible space in the heart of Downtown.
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    • $1.00 SF/Yr

      Restaurant Space Near James Madison

      Highly visible restaurant space with high traffic near university.
      1007 S Main St, Harrisonburg, VA 22801
      View Details
    • Contact for pricing
      65,365 SF

      Port Crossing Shopping Center: Retail Space

      High-traffic retail center; spaces available.
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    • $12 SF/Yr
      24,455 SF

      Retail Space in Cloverleaf Center

      Retail suite available in Harrisonburg's Cloverleaf Shopping Center.
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      View Details
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    78 Carlton St
    Harrisonburg, VA 22801-4325
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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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