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Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Commercial real estate
100 Old Chatham Elementary Ln Chatham, VA 24531
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-2697017
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1939
Construction
WOOD
Total area
26,020 SF
Lot
10.86 ac (473,062 SF)
Zoning code
TZ
APN
2425-19-3201
UPID
US87-2697017
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
Kennedy Cliffe · 4 yrs held
Kennedy Cliffe
since 2022
Last sale
$3.8M
1 recorded transaction
Zoning & alternative use
TZ · Chatham, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.6M
+854.3%
Office building
$2.7M
+620.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,060,000
ML approach
$4,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,550,000
Change: +854% · Conversion: Easy
OFFICE BUILDING
$2,680,000
Change: +620% · Conversion: Easy
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±10% · vs last sale $3.75M (May 18 2022)
Last sale anchor
$3.75M
May 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$150 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,438
Tax year 2024
Assessed value
$2,578,200
Assessed 2023
Previous assessed
$1,750,800
+47.3% YoY
Effective rate
0.56%
On assessed value
Assessed land
$111,800
Assessed improvement
$2,466,400
Land market value
$111,800
Improvement market value
$2,466,400
Total market value
$2,578,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Rooms
8
Total area
26,020 SF
Lot
10.86 ac (473,062 SF)
Zoning code
TZ
APN
2425-19-3201
UPID
US87-2697017
Jurisdiction
PITTSYLVANIA
Zoning & alternative use
TZ · Chatham, VA
Zoning TZ · permitted uses
TZ · Chatham, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chatham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1939
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Rooms
8
Lot
10.86 ac
Current owner
From public records · entity-resolved
Kennedy Cliffe
Individual
Mailing address
21 MAGOTHY BRG RD UNIT #1402, SEVERNA PARK, MD 21146-7582
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$3,750,000
Kennedy Cliffe
Chatham Lofts LLC
Warranty Deed
$2,750,000 · Vcc Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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