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    Property profile & analytics

    8891 Virginia Ave Newport, VA 24128-4326

    • Retail space
    • 600 SF
    • 2.63 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US87-2149357
    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

    • Retail space

    Property Details for 8891 Virginia Ave

    Year built
    2008
    Lot size
    2.63 lot acres
    Property size
    600 SF
    Zone code
    A1
    Property type
    Retail space
    APN
    61 14
    APU
    6114

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Giles
    State
    Virginia
    Longitude
    -80.4838
    Latitude
    37.2874
    CBSA code
    13980
    CBSA name
    BLACKSBURG-CHRISTIANSBURG-RADFORD, 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
    0
    $0.00
    $118,500
    $247,800
    $366,300
    -
    $118,500
    $247,800
    $366,300

    Comparable in this City

    • Value Estimation
      $295,000
      3,264 SF

      108 Spruce Run Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,264 SF
      108 Spruce Run Rd, Newport, VA 24128-4098
      View Details
    • Value Estimation by Request
      3,356 SF

      7887 Virginia Ave

      CONVENIENCE STORE • 3,356 SF
      7887 Virginia Ave, Newport, VA 24128-4145
      View Details
    • Value Estimation by Request
      1,056 SF

      742 Mtn Lk Rd

      CONVENIENCE STORE • 1,056 SF
      742 Mtn Lk Rd, Newport, VA 24128-4065
      View Details
    • Value Estimation
      $320,000
      2,688 SF

      109 Blue Grass Trl

      CONVENIENCE STORE • 2,688 SF
      109 Blue Grass Trl, Newport, VA 24128-4033
      View Details
    • Value Estimation
      $370,000
      2,400 SF

      8685 Virginia Ave

      AUTO REPAIR, GARAGE • 2,400 SF
      8685 Virginia Ave, Newport, VA 24128-3907
      View Details
    • Value Estimation
      $365,000
      3,792 SF

      480 Blue Grass Trl

      AUTO REPAIR, GARAGE • 3,792 SF
      480 Blue Grass Trl, Newport, VA 24128-3502
      View Details
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    8891 Virginia Ave
    Newport, VA 24128-4326
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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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