Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Speedway Rd, VA

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Speedway Rd, VA

    View on Map
    • Commercial real estate
    • 47.98 lot acres
    Off-Market
    Property ID
    US87-1508833
    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.
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details

    Year built
    1960
    Lot size
    47.98 lot acres
    Zone code
    B1
    Property type
    Commercial real estate
    APN
    59230025
    APU
    59230025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Speedway Rd
    County
    Henry
    State
    Virginia
    Longitude
    -79.8518
    Latitude
    36.6346
    CBSA code
    32300
    CBSA name
    MARTINSVILLE, VA MICROPOLITAN 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
    $163,434
    $1,739,500
    $27,708,000
    $29,447,500
    -
    $1,739,500
    $27,708,000
    $29,447,500

    Comparable in this City

    • Value Estimation by Request
      0.65 Acres

      Virginia Ave, VA

      COMMERCIAL (GENERAL) • 0.65 Acres
      Virginia Ave, VA
      View Details
    • Value Estimation by Request
      0.35 Acres

      Textile Rd, VA

      COMMERCIAL (GENERAL) • 0.35 Acres
      Textile Rd, VA
      View Details
    • Value Estimation by Request
      2.50 Acres

      Virginia Ave, VA

      COMMERCIAL (GENERAL) • 2.50 Acres
      Virginia Ave, VA
      View Details
    • Value Estimation by Request
      1.46 Acres

      Davis, VA

      COMMERCIAL (GENERAL) • 1.46 Acres
      Davis, VA
      View Details
    • Value Estimation by Request
      12.02 Acres

      Beaver Hls Club

      COMMERCIAL (GENERAL) • 12.02 Acres
      Beaver Hls Club, Dr, VA
      View Details
    • Value Estimation by Request
      0.01 Acres

      Virginia Ave, VA

      COMMERCIAL (GENERAL) • 0.01 Acres
      Virginia Ave, VA
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Burkeville Specialty Property For Sale

      Specialty property available for purchase in Burkeville, Virginia.
      319 E Nunnally St, Burkeville, VA
      View Details
    • Contact for pricing
      11,421 SF

      Retail Building on Staples Mill

      Freestanding retail building with high traffic and accessibility.
      9501 Staples Ml Rd, Henrico, VA
      View Details
    • $465,675
      1,425 SF

      Pantops Lower-Level Office Suite

      Lower-level office suite in Pantops with outside entrance.
      4100 Olympia Cir, Charlottesville, VA
      View Details
    • $11,900,000

      Prime Land Near Scott's Addition

      Land near I-64 exit and Richmond's Diamond District.
      3315 N Arthur Ashe Blvd, Richmond, VA
      View Details
    • Contact for pricing

      Retail Outparcels Near I-95

      Retail outparcels available for sale, lease, or build-to-suit.
      15736 Rte 1, South Chesterfield, VA
      View Details
    • $399,000

      Prestonfield Building Lot Opportunity

      2.5-acre lot suitable for office or medical development.
      200 Kingsbarn Cir, Salem, VA
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,500 SF

      Retail Space on Midlothian Turnpike

      Retail space with frontage on Midlothian Turnpike available for lease.
      10409-10459 Midlothian Tpke N, Chesterfield, VA
      View Details
    • Contact for pricing
      1,599 SF

      Retail Space in Cascades Overlook

      Retail space available in popular Loudoun County shopping center.
      46424 Rilassare Ter, Sterling, VA
      View Details
    • Contact for pricing
      1,535 SF

      First Level Office Space Available

      Office space with five offices, reception, and street signage.
      889 Rio Ct E, Charlottesville, VA
      View Details
    • Contact for pricing
      6,100 SF

      Attractive Office Building in Pantops

      Office building in Pantops area, minutes from Sentara Hospital.
      4000 Olympia Cir, Charlottesville, VA
      View Details
    • Contact for pricing
      4,039 SF

      Mapledale Plaza Retail Space

      Retail space for lease in Mapledale Plaza.
      5409-5513 Mapledale Plz, Dale City, VA
      View Details
    • Contact for pricing
      4,900 SF

      Retail Space Near Walmart, Lowes

      Retail space with excellent visibility and strategic location.
      70 Riverton Cmns Plz, Front Royal, VA
      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.
    Speedway Rd, VA
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Speedway Rd, VA

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!