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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Hotels
1031 Richmond Ave Staunton, VA 24401-4905
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2582607
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Construction
CONCRETE BLOCKS
Total area
17,502 SF
Lot
1 ac (43,691 SF)
Zoning code
B2
APN
10404
UPID
US87-2582607
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
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$715k
Owner & transaction history
Wawa INC · 1 yrs held
Wawa INC
since 2025
Last sale
$699,100
3 recorded transactions
Zoning & alternative use
B2 · Staunton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+4.9%
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 Staunton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Staunton 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
$740,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,010,000
Current use
RETAIL STORES
$1,060,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$810,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $699k (Jan 8 2025)
Last sale anchor
$699k
Jan 8 2025
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
$41 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,207
Tax year 2023
Assessed value
$1,483,900
Assessed 2024
Previous assessed
$1,483,900
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$699,100
Assessed improvement
$784,800
Land market value
$699,100
Improvement market value
$784,800
Total market value
$1,483,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
17,502 SF
Lot
1 ac (43,691 SF)
Zoning code
B2
APN
10404
UPID
US87-2582607
Jurisdiction
STAUNTON CITY
Zoning & alternative use
B2 · Staunton, VA
Zoning B2 · permitted uses
B2 · Staunton, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Staunton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$810,000
HOTEL/MOTEL Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1974
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
Wawa INC
Entity
Free & Clear · 1 yrs held
Mailing address
15 BROOKMERE CT, STAUNTON, VA 24401-5591
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
$699,100
Wawa INC
Provco Pinegood Richmond Ave LLC
Deed
—
Apr 9, 2024
$3,251,472
Provco Pinegood Richmond Ave LLC
Shri I Sai INC
Special Warranty Deed
$4,691,500 · Firstrust Bank
Feb 1, 2019
—
Shri Sai INC
Vinod Gandhi
Gift Deed
related
—
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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