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    Property profile & analytics

    8830 Lynchburg Salem Tpke Goode, VA 24556-2637

    • Commercial real estate
    • 6,366 SF
    • 3.74 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-3203782
    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

    • Budget Inn of Lynchburg and Bedford / Hotel / Inn

    Property Details for 8830 Lynchburg Salem Tpke

    Year built
    1986
    Construction
    WOOD
    Lot size
    3.74 lot acres
    Property size
    6,366 SF
    Property type
    Commercial real estate
    APN
    151 3 7C
    APU
    15137C

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Goode
    County
    Bedford
    State
    Virginia
    Longitude
    -79.3694
    Latitude
    37.3014
    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
    2023
    $2,733
    $0.00
    $0.00
    $333,250
    -
    $202,000
    $464,500
    $666,500

    Comparable in this City

    • Value Estimation
      $785,000
      2,040 SF

      9065 Frst Rd

      COMMERCIAL (GENERAL) • 2,040 SF
      9065 Frst Rd, Goode, VA 24556-2801
      View Details
    • Value Estimation by Request
      15,000 SF

      9628 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL) • 15,000 SF
      9628 Lynchburg Salem Tpke, Goode, VA 24556-3012
      View Details
    • Value Estimation
      $1,020,000
      2,501 SF

      8642 Frst Rd

      COMMERCIAL (GENERAL) • 2,501 SF
      8642 Frst Rd, Goode, VA 24556-3027
      View Details
    • Value Estimation by Request
      3,100 SF

      Blue Rdg Ave

      COMMERCIAL (GENERAL) • 3,100 SF
      Blue Rdg Ave, Goode, VA 24556
      View Details
    • Value Estimation by Request
      3,450 SF

      9143 Frst Rd

      COMMERCIAL (GENERAL) • 3,450 SF
      9143 Frst Rd, Goode, VA 24556-3083
      View Details
    • Value Estimation by Request

      8000 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL)
      8000 Lynchburg Salem Tpke, Goode, VA 24556-2734
      View Details

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      28,000 SF former meat processing plant on 23.44 acres.
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      Residential land in Goode, VA, with mountain views.
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    Goode, VA 24556-2637
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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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