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    Property profile & analytics

    Spencer, VA 24165

    • Commercial real estate
    • 11.28 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-3174190
    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
    11.28 lot acres
    Property type
    Commercial real estate
    APN
    5309.01.56
    APU
    53090156

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Patrick
    State
    Virginia
    Longitude
    -80.0429
    Latitude
    36.5996

    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
    2024
    $272
    $33,800
    $3,400
    $37,200
    -
    $33,800
    $3,400
    $37,200

    Comparable in this City

    • Value Estimation by Request
      3.39 Acres

      848 Airport Rd

      COMMERCIAL (GENERAL) • 3.39 Acres
      848 Airport Rd, Spencer, VA 24165
      View Details
    • Value Estimation
      $225,000
      10.02 Acres

      Staples Ave

      COMMERCIAL (GENERAL) • 10.02 Acres
      Staples Ave, Spencer, VA 24165
      View Details
    • Value Estimation
      $310,000
      0.74 Acres

      30510 Jeb Stuart Hwy

      COMMERCIAL (GENERAL) • 0.74 Acres
      30510 Jeb Stuart Hwy, Spencer, VA 24165-3585
      View Details
    • Value Estimation by Request

      2024 Crestridge Rd

      COMMERCIAL (GENERAL)
      2024 Crestridge Rd, Spencer, VA 24165
      View Details
    • Value Estimation by Request
      0.92 Acres

      850 Airport Rd

      COMMERCIAL (GENERAL) • 0.92 Acres
      850 Airport Rd, Spencer, VA 24165
      View Details
    • Value Estimation by Request
      0.50 Acres

      Airport Rd

      COMMERCIAL (GENERAL) • 0.50 Acres
      Airport Rd, Spencer, VA 24165
      View Details

    Similar Nearby for Sale

    • New
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      Move-in Ready Home on 2 Acres

      Refreshed 3-bedroom home with new well and septic system.
      359 Willow Green Ln, Spencer, VA 24165
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    • Contact for pricing
      0.65 Acres

      Residential Land in Rocky Mount

      0.65 acre lot in a subdivision with views.
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    • $424,900
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      10+ acre retreat with river frontage and rental cabin.
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    • $975,000
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      Former Family Dollar Store Available

      8,000 SF retail building on high-traffic highway near Martinsville.
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    • Contact for pricing
      0.60 Acres

      Wooded Lot Near Golf Course

      Wooded lot in a quiet setting near golf course.
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    • $2,500,000
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      Mixed-Use Property on Highway

      High-visibility property with multiple income streams in Spencer, VA.
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      View Details
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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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