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    Property profile & analytics

    Forest, VA 24551

    • Commercial land
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-2234059
    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

    • Commercial land

    Property Details

    Property type
    Commercial land
    APN
    153B 1 8
    APU
    153B18

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forest
    County
    Bedford
    State
    Virginia
    Longitude
    -79.3019
    Latitude
    37.3051
    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
    $287
    $0.00
    $0.00
    $35,050
    -
    $70,100
    $0.00
    $70,100

    Comparable in this City

    • Value Estimation by Request
      2.76 Acres

      Forest, VA 24551

      VACANT COMMERCIAL LAND • 2.76 Acres
      Forest, VA 24551
      View Details
    • Value Estimation by Request
      1.01 Acres

      Forest, VA 24551

      VACANT COMMERCIAL LAND • 1.01 Acres
      Forest, VA 24551
      View Details
    • Value Estimation by Request
      1.05 Acres

      Forest, VA 24551

      VACANT COMMERCIAL LAND • 1.05 Acres
      Forest, VA 24551
      View Details
    • Value Estimation by Request
      1.43 Acres

      Forest, VA 24551

      VACANT COMMERCIAL LAND • 1.43 Acres
      Forest, VA 24551
      View Details
    • Value Estimation by Request
      6.96 Acres

      Forest, VA 24551

      VACANT COMMERCIAL LAND • 6.96 Acres
      Forest, VA 24551
      View Details
    • Value Estimation by Request
      0.61 Acres

      Forest, VA 24551

      VACANT COMMERCIAL LAND • 0.61 Acres
      Forest, VA 24551
      View Details

    Similar Nearby for Sale

    • $395,000

      Corner Parcel on Waterlick Road

      High-visibility corner parcel suitable for various commercial uses.
      5523 Waterlick Rd, Forest, VA 24551
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    • $699,900
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      2.3 AC Commercial Property

      Unique commercial property with potential for various business opportunities.
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    • $650,000
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      5.11 acres ideal for restaurant, retail, medical, or office.
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      High-Visibility Corner Commercial Lot

      1.58 Acres, Prime Forest, VA Location
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    Similar Nearby for Lease

    • $18 SF/Yr

      Forest, VA Office Space for Lease

      Modern Office Suites, Full-Service Lease
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    • $20 SF/Yr
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    • $16 SF/Yr
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      1,800 SF Office Space For Lease

      1,800 SF Office Space For Lease
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    • $16 SF/Yr
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      Retail Space in Forest, Virginia

      Retail spaces available in Food Lion anchored shopping center.
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    • $1,200,000
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      Retail Cottage in Prime Location

      1,830 SF retail cottage in growing Forest, VA.
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    • $18 SF/Yr
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      Vista Centre Drive Office Suites

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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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