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Property profile & analytics
OFF-MARKET
Commercial land
1088 Sand Bank Rd New Point, VA 23125
Individually Owned
8-yr Hold
Free & Clear
Property ID
US87-2712369
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
14.95 ac (651,222 SF)
APN
42-A-185
UPID
US87-2712369
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles A Miller · 8 yrs held
Charles A Miller
since 2018
6 recorded transactions
Zoning & alternative use
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 New Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Point 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$481
Tax year 2023
Assessed value
$85,900
Assessed 2024
Previous assessed
$85,900
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$85,900
Land market value
$85,900
Total market value
$85,900
Comparables
2 recent transactions · within 1.5 miComparable in this city
2 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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
14.95 ac (651,222 SF)
APN
42-A-185
UPID
US87-2712369
Jurisdiction
MATHEWS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
14.95 ac
Current owner
From public records · entity-resolved
Charles A Miller
Individual
Free & Clear · 8 yrs held
Mailing address
13490 CEDAR RUN RD, CULPEPER, VA 22701-7715
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
$110,000
Charles A Miller
B & W Properties Of Va LLC
Deed
—
Jun 2, 2014
$307,500
Ray Wiley
Sand Bank Pointe LLC
Bargain And Sale Deed
—
Jun 2, 2014
—
B & W Properties Of Virginia LLC
Ray Wiley
Gift Deed
related
—
Nov 14, 2011
$307,500
Ray Wiley
Sand Bank Pointe LLC
Deed
$254,050 · Sand Bank Pointe LLC
Oct 18, 2010
$215,000
Sand Bank Pointe LLC
William B Duval
Foreclosure
related
$215,000 · Essex Bank
Feb 27, 2009
—
William B Duval
Duval Development INC
Intrafamily Transfer
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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