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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Industrial properties
1075 Merchants Ln Oilville, VA 23129-2210
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-1371929
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1985
Total area
9,260 SF
Lot
5.4 ac (235,224 SF)
Zoning code
M1-INDUS/L
APN
45 5 5
UPID
US87-1371929
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
-
M.R.S., LLC Auto Repair Shop
-
Harris Machine Products Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$845k
Owner & transaction history
644 INC LLC · 4 yrs held
644 INC LLC
since 2021
Last sale
$850,000
5 recorded transactions
Zoning & alternative use
M1-INDUS/L · Oilville, 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 Oilville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oilville 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
$895,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $850k (Aug 3 2021)
Last sale anchor
$850k
Aug 3 2021
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
$91 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,616
Tax year 2021
Assessed value
$1,189,800
Assessed 2024
Previous assessed
$1,092,800
+8.9% YoY
Effective rate
0.39%
On assessed value
Assessed land
$526,300
Assessed improvement
$663,500
Land market value
$526,300
Improvement market value
$663,500
Total market value
$1,189,800
Applied tax rate
426.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1985
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
4
Total area
9,260 SF
Lot
5.4 ac (235,224 SF)
Zoning code
M1-INDUS/L
APN
45 5 5
UPID
US87-1371929
Jurisdiction
GOOCHLAND
Zoning & alternative use
M1-INDUS/L · Oilville, VA
Zoning M1-INDUS/L · permitted uses
M1-INDUS/L · Oilville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oilville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
5.4 ac
Current owner
From public records · entity-resolved
644 INC LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1077 MERCHANTS LN, OILVILLE, VA 23129-2210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
—
644 INC LLC
—
Deed
related
$300,000 · First National Bank Of Pennsylvania
Jan 12, 2022
—
644 INC LLC
—
Deed
related
$383,000 · 504 Capital Corp
Aug 3, 2021
$850,000
644 INC LLC
Sonya Barlow Wheeler
Warranty Deed
—
Feb 24, 2017
—
Sonya Barlow Wheeler
—
Deed
related
$40,000 · Essex Bank
May 11, 2016
—
Sonya Barlow Wheeler
Williams S Barlow JR
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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