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    Property profile & analytics

    Homestead Rd Franklin, VA 23851

    • Investment properties
    • 18,088 SF
    • 2.48 lot acres
    OFF-MARKET
    Value Estimation
    $6,175,000
    Last Sale
    Jan 03, 2024
    $6,090,500
    Location Intelligence
    Property ID
    US87-2130510
    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

    • Investment properties

    Property Details for Homestead Rd

    Year built
    1963
    Construction
    FRAME
    Lot size
    2.48 lot acres
    Property size
    18,088 SF
    Zone code
    R1A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    089 107 2
    APU
    891072

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,090,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,575,000
      6.5%
      $6,535,000
      7%
      $5,945,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,345,000
      Geo Method
      $5,855,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,505,000
      Retail
      $6,635,000
      Mixed-Use
      $6,925,000
      Hospitality
      $6,540,000
      Educational
      $6,865,000
      Residential Income
      $6,980,000
      Energy
      $7,100,000
      Income-Based Land
      $6,995,000
      Food Service
      $6,430,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Franklin City
    State
    Virginia
    Longitude
    -76.9389
    Latitude
    36.6852
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 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
    2019
    $18,810
    $0.00
    $676,500
    $676,500
    -
    $0.00
    $676,500
    $676,500

    Comparable in this City

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      500 Chestnut St

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    • Value Estimation by Request
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      32126 General Thomas Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 161,038 SF
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    • Value Estimation
      $490,000
      2,979 SF

      104 Broad St

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      104 Broad St, Franklin, VA 23851-1654
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    • Value Estimation
      $425,000
      3,323 SF

      112 Broad St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,323 SF
      112 Broad St, Franklin, VA 23851-1655
      View Details
    • Value Estimation
      $290,000
      5,495 SF

      700 Pace St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,495 SF
      700 Pace St, Franklin, VA 23851-2106
      View Details

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    Homestead Rd
    Franklin, VA 23851
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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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