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    Property profile & analytics

    Lancaster, VA 22503

    • Commercial real estate
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 21, 2025
    $12,000
    Location Intelligence
    Property ID
    US87-2567073
    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 real estate

    Property Details

    Lot size
    2.00 lot acres
    Zone code
    A2
    Property type
    Commercial real estate
    APN
    20 32B
    APU
    2032B

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.537
    Latitude
    37.7385

    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
    $315
    $30,000
    $20,000
    $50,000
    -
    $30,000
    $20,000
    $50,000

    Comparable in this City

    • Value Estimation by Request
      1,824 SF

      10800 Courthouse Rd

      COMMERCIAL (GENERAL) • 1,824 SF
      10800 Courthouse Rd, Lancaster, VA 22503
      View Details
    • Value Estimation by Request
      3,826 SF

      Mary Ball Rd

      COMMERCIAL (GENERAL) • 3,826 SF
      Mary Ball Rd, Lancaster, VA 22503
      View Details
    • Value Estimation
      $375,000
      1.83 Acres

      1758 Bewdley Rd

      COMMERCIAL (GENERAL) • 1.83 Acres
      1758 Bewdley Rd, Lancaster, VA 22503
      View Details
    • Value Estimation by Request
      10.50 Acres

      Howards Ln

      Land • 10.50 Acres
      0 Howards Ln, Lancaster, VA 22503
      View Details
    • Value Estimation by Request
      2.40 Acres

      3 Oak Point Dr

      Land • 2.40 Acres
      3 Oak Point Dr, Lancaster, VA 22503
      View Details
    • Value Estimation by Request
      2.06 Acres

      1 Oak Point Dr

      Land • 2.06 Acres
      1 Oak Point Dr, Lancaster, VA 22503
      View Details

    Similar Nearby for Sale

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      Lancaster Waterfront Land - $785,000

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    • $85,000
      11.41 Acres

      11.4 Acres Riverwood Drive, VA

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      2.1 Acre Wooded Land

      Land with stream, wooded view, and community amenities.
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      0.53 Acres

      Residential Land Near Water Access

      Two residential lots near amenities in Lancaster, Virginia.
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      Pending

      Wooded Lot in Quiet Community

      Half-acre lot with community amenities in Lancaster, Virginia.
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      2.16 Acres

      Land in Tranquil Northern Neck

      Two lots to build your dream home in Lancaster.
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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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