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    Property profile & analytics

    Lee Hwy Fairfield, VA 24435

    • Industrial properties
    • 6,000 SF
    • 2.16 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Aug 29, 2023
    Location Intelligence
    Property ID
    US87-2861086
    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 Lee Hwy

    Year built
    1978
    Lot size
    2.16 lot acres
    Property size
    6,000 SF
    Zone code
    I-1
    Property type
    Industrial properties
    APN
    38 8 16
    APU
    38816

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Rockbridge
    State
    Virginia
    Longitude
    -79.294
    Latitude
    37.8795

    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
    0
    $0.00
    $64,800
    $146,200
    $211,000
    -
    $64,800
    $146,200
    $211,000

    Comparable in this City

    • Value Estimation
      $1,025,000
      76,282 SF

      6051 Lee Hwy

      INDUSTRIAL (GENERAL) • 76,282 SF
      6051 Lee Hwy, Fairfield, VA 24435-2505
      View Details
    • Value Estimation
      $475,000
      6,480 SF

      40 Woodwork Trl

      INDUSTRIAL (GENERAL) • 6,480 SF
      40 Woodwork Trl, Fairfield, VA 24435-2536
      View Details
    • Value Estimation by Request
      3,228 SF

      48 Depot Hl Rd

      WAREHOUSE, STORAGE • 3,228 SF
      48 Depot Hl Rd, Fairfield, VA 24435
      View Details
    • Value Estimation by Request
      2,400 SF

      5592 Lee Hwy

      WAREHOUSE, STORAGE • 2,400 SF
      5592 Lee Hwy, Fairfield, VA 24435
      View Details
    • Value Estimation by Request
      1,728 SF

      Chubbys Ln

      WAREHOUSE, STORAGE • 1,728 SF
      Chubbys Ln, Fairfield, VA 24435
      View Details
    • Value Estimation
      $190,000
      2,608 SF

      251 Sterrett Rd

      WAREHOUSE, STORAGE • 2,608 SF
      251 Sterrett Rd, Fairfield, VA 24435-2638
      View Details

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    Lee Hwy
    Fairfield, VA 24435
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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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