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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Commercial real estate
1056 Richmond Tappahannock Hwy Manquin, VA 23106-2559
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-1400897
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
8,022 SF
Lot
2.74 ac (119,354 SF)
Zoning code
B-2
APN
33 11C
UPID
US87-1400897
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
Current use
Occupant on record · Public records
-
Forest Pro Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$856k
Blend (final)
Blend
$810k
Owner & transaction history
Hanover Land LLC · 5 yrs held
Hanover Land LLC
since 2020
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
B-2 · Manquin, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Manquin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manquin 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
$815,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $750k (Dec 21 2020)
Last sale anchor
$750k
Dec 21 2020
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
$101 / 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
$5,359
Tax year 2023
Assessed value
$923,900
Assessed 2023
Previous assessed
$862,200
+7.2% YoY
Effective rate
0.58%
On assessed value
Assessed land
$411,000
Assessed improvement
$512,900
Land market value
$411,000
Improvement market value
$512,900
Total market value
$923,900
Applied tax rate
2.0000
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
2000
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
YES
Stories
1
Bathrooms
2
Total area
8,022 SF
Lot
2.74 ac (119,354 SF)
Zoning code
B-2
APN
33 11C
UPID
US87-1400897
Jurisdiction
KING WILLIAM
Zoning & alternative use
B-2 · Manquin, VA
Zoning B-2 · permitted uses
B-2 · Manquin, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manquin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.74 ac
Current owner
From public records · entity-resolved
Hanover Land LLC
Entity
Mailing address
5490 WINSMITH DR, MECHANICSVILLE, VA 23116-5451
Ownership since
2020
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
Dec 21, 2020
$750,000
Hanover Land LLC
Trc Holding Company LLC
Special Warranty Deed
$390,000 · Party III
Dec 19, 2014
$700,000
Trc Holding Company LLC
Curtis W Grubbs Investments Ll
Warranty Deed
$560,000 · Union First Market Bank
Apr 25, 2007
$975,000
A C Properties Of Virginia LLC
Old Church Developers LLC
Warranty Deed
$960,000 · Evb
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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