Financial
Distress signals
Property profile

1421 Armory Dr Franklin, VA 23851

OFF-MARKET
Commercial real estate
Property ID
US87-2174503
8,000 SF 1.04 ac lot Built 2023
Last sale Oct 2022 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$4k
Tax billed · 2019
Assessed value · 2023$767k
Assessed land$335k
Assessed improvement$433k
Effective rate0.52%

Value estimate

· Sep 2026
$755k
$680k – $831k
AI approach$830k
Submarket $/SF estimate$1.02M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$97/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$44 – $201
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1
JurisdictionFRANKLIN CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.8
Parking Facility10.6
Electrical Service10.3

Location

1421 Armory Dr Franklin, VA 23851-2451
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1021 Armory, Franklin, VA 23851 $97,800 Jan 2026 5,760 SF
1280 Armory, Franklin, VA 23851-2416 $650,000 Jan 2026 6,080 SF
1381 Armory, Franklin, VA 23851-2419 $2,694,072 Aug 2023 7,650 SF
1000 Armory, Franklin, VA 23851-1852 $750,000 May 2023 13,236 SF
507 Main, Franklin, VA 23851-1437 $105,216 Apr 2023 12,188 SF
101 Jackson, Franklin, VA 23851-1427 $275,000 Aug 2022 10,370 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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