Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    90 Michelin Dr, Unit 1 Independence, VA 24348-4092

    • Industrial properties
    • 125,350 SF
    • 10.83 lot acres
    OFF-MARKET
    Value Estimation
    $1,380,000
    Location Intelligence
    Property ID
    US87-2800120
    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

    • Industrial properties

    Property Details for 90 Michelin Dr

    Year built
    1989
    Lot size
    10.83 lot acres
    Property size
    125,350 SF
    Property type
    Industrial properties
    APN
    72 - A- - 155A
    APU
    72A155A

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Grayson
    State
    Virginia
    Longitude
    -81.1667
    Latitude
    36.6211

    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
    $13,187
    $139,700
    $2,302,400
    $2,442,100
    -
    $139,700
    $2,302,400
    $2,442,100

    Comparable in this City

    • Value Estimation
      $580,000
      35,000 SF

      173 Rainbow Cir

      INDUSTRIAL (GENERAL) • 35,000 SF
      173 Rainbow Cir, Independence, VA 24348
      View Details
    • Value Estimation
      $720,000
      30,000 SF

      253 Darco Dr

      INDUSTRIAL (GENERAL) • 30,000 SF
      253 Darco Dr, Independence, VA 24348
      View Details
    • Value Estimation
      $565,000
      36,300 SF

      60 Corporate Ln

      INDUSTRIAL (GENERAL) • 36,300 SF
      60 Corporate Ln, Independence, VA 24348-4453
      View Details
    • Value Estimation by Request
      47,729 SF

      315 Main St

      INDUSTRIAL (GENERAL) • 47,729 SF
      315 Main St, Independence, VA 24348
      View Details
    • Value Estimation
      $395,000
      33,229 SF

      326 Rainbow Cir

      INDUSTRIAL (GENERAL) • 33,229 SF
      326 Rainbow Cir, Independence, VA 24348-3834
      View Details
    • Value Estimation
      $1,155,000
      9,528 SF

      3492 Elk Crk Pkwy

      INDUSTRIAL (GENERAL) • 9,528 SF
      3492 Elk Crk Pkwy, Independence, VA 24348-4570
      View Details

    Similar Nearby for Sale

    • $39,900
      6.06 Acres

      Independence, VA Land For Sale

      6.06 acre buildable tract with potential views.
      132 Pt Lookout Ln, Independence, VA 24348
      View Details
    • $54,900
      5.17 Acres

      Secluded Wooded Lot with Creek

      5.17-acre wooded lot in private community with creek.
      Summerset Dr, Independence, VA 24348
      View Details
    • Contact for pricing
      0.25 Acres

      Wooded Land in Independence, VA

      Wooded land tract available in Independence, Virginia.
      Hilltop Dr, Independence, VA 24348
      View Details
    • Contact for pricing
      5.30 Acres

      Wooded Land in Blue Ridge Mountains

      5.3 acre wooded tract near New River and Grayson Highlands.
      108 Pt Lookout Ln, Independence, VA 24348
      View Details
    • $85,000
      Pending

      Blue Ridge Mountain Waterfront Land

      14-acre property with 1,250 feet of Peach Bottom Creek frontage.
      14 Acres Elk Crk Pkwy, Independence, VA 24348
      View Details
    • $159,900
      23.25 Acres

      23 Acres Near Grayson Highlands

      23+ acres near Grayson Highlands Park with recreational opportunities.
      Highlands Pkwy, Mouth of Wilson, VA 24348
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    90 Michelin Dr, Unit 1
    Independence, VA 24348-4092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.