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    Property profile & analytics

    89 N Main St Kilmarnock, VA 22482

    • Office buildings
    • 2,527 SF
    • 0.48 lot acres
    For Sale
    View listing
    $395,000
    Value Estimation
    Last Sale
    Sep 01, 2022
    $200,000
    Location Intelligence
    Property ID
    US87-2491107
    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

    • Isabell K Horsley Real Estate / Real Estate Agency
    • FedEx Drop Box / Mailing Service
    • American Title of Lancaster, Inc. / Insurance Agency

    Property Details for 89 N Main St

    Year built
    1910
    Lot size
    0.48 lot acres
    Property size
    2,527 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    23A 21 23
    APU
    23A2123

    Description

    This mixed-use, 2,527 sq ft building at 89 N Main St, Kilmarnock, VA 22482, is a beautifully renovated (2022) Arts & Crafts style structure built in 1910. Located in the heart of Kilmarnock's commercial district, this property offers high visibility and walkability to shops, restaurants, and the Town Center Park. Situated on a 0.48-acre corner lot with ample off-street parking, it boasts a classic design with craftsman elements including a wrap-around veranda, stained glass accents, stained wood floors, and an open stairway. The interior features three spacious rooms, a renovated kitchen, and a bath on the first floor, plus four bright rooms and an updated bath upstairs. The property is zoned C-1, providing flexibility for various uses. Modern conveniences include high-speed internet access, town sewer, and water. Asking price is $447,900 ($177.25/sq ft). Currently vacant. A unique opportunity to own a piece of Kilmarnock's history.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $195,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $235,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $250,000
      Mixed-Use
      $255,000
      Hospitality
      $190,000
      Educational
      $185,000
      Residential Income
      $210,000
      Energy
      $240,000
      Income-Based Land
      $185,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Kilmarnock
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.3814
    Latitude
    37.7133

    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
    $1,554
    $125,200
    $121,400
    $246,600
    -
    $125,200
    $121,400
    $246,600

    Comparable in this City

    • Value Estimation
      $420,000
      3,000 SF

      97 Fmc Dr

      OFFICE BUILDING • 3,000 SF
      97 Fmc Dr, Kilmarnock, VA 22482-9503
      View Details
    • Value Estimation
      $190,000
      768 SF

      45 Augusta St

      OFFICE BUILDING • 768 SF
      45 Augusta St, Kilmarnock, VA 22482
      View Details
    • Value Estimation
      $265,000
      4,484 SF

      27 Irvington Rd

      OFFICE BUILDING • 4,484 SF
      27 Irvington Rd, Kilmarnock, VA 22482-3826
      View Details
    • Value Estimation
      $370,000
      1,568 SF

      67 Irvington Rd

      OFFICE BUILDING • 1,568 SF
      67 Irvington Rd, Kilmarnock, VA 22482
      View Details
    • Value Estimation
      $420,000
      1,488 SF

      672 Main St

      OFFICE BUILDING • 1,488 SF
      672 Main St, Kilmarnock, VA 22482
      View Details
    • Value Estimation by Request
      2,976 SF

      43 Main St

      OFFICE BUILDING • 2,976 SF
      43 Main St, Kilmarnock, VA 22482
      View Details

    Similar Nearby for Sale

    • $447,900
      2,527 SF

      Historic Kilmarnock Office Building

      Charming Office, Updated, High Visibility
      89 Main St, Kilmarnock, VA 22482
      View Details
    • $495,000
      4,875 SF

      Medical Building Near Rappahannock Hospital

      Medical building with exam rooms and ample parking.
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      Kilmarnock Commercial Property For Sale

      Charming commercial building in Kilmarnock's vibrant Steptoe's District.
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    • $495,000
      4,620 SF

      Kilmarnock Retail/Office Space For Sale

      Prime Main Street location suitable for retail or office applications.
      24 North Main St, Kilmarnock, VA 22482
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    • $395,000
      2,527 SF

      Kilmarnock Commercial Hub Opportunity

      Prime commercial lot in Kilmarnock's historic Steptoes District.
      89 N Main St, Kilmarnock, VA 22482
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    • $95,000

      Kilmarnock Commercial Land For Sale

      Located in Kilmarnock near shopping, dining, and town amenities.
      N Main St, Kilmarnock, VA 22482
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,050 SF

      Lancaster Square Retail Center

      Prime Kilmarnock Retail Space Available
      424 Main St, Kilmarnock, VA 22482
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space Near Main Street

      Retail spaces available in high-traffic Kilmarnock location.
      10-150 Old Fair Grounds Way, Kilmarnock, VA 22482
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Kilmarnock Hub

      Retail space available in Kilmarnock's commercial hub anchored by Food Lion.
      394-424 N Main St, Kilmarnock, VA 22482
      View Details
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    Kilmarnock, VA 22482
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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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