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Property profile & analytics
FOR LEASE
Commercial real estate
11080 Air Park Rd Ashland, VA 23005
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0489532
For Lease
1 / 2
$1,500/Mo
11080 Air Park Rd, Ashland, VA 23005
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Total area
26,416 SF
Lot
2.19 ac (95,396 SF)
Zoning code
M-3
APN
7798-01-9537
UPID
US87-0489532
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
-
Top Tier Solar Solutions Solar Energy Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Air Park Rd LLC · 2 yrs held
Air Park Rd LLC
since 2024
5 recorded transactions
Zoning & alternative use
M-3 · Ashland, 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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
$78 / 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
$12,141
Tax year 2024
Assessed value
$1,498,900
Assessed 2024
Previous assessed
$1,498,900
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$416,300
Assessed improvement
$1,082,600
Land market value
$416,300
Improvement market value
$1,082,600
Total market value
$1,498,900
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1984
Heating
SPACE
Cooling
YES
Total area
26,416 SF
Lot
2.19 ac (95,396 SF)
Zoning code
M-3
APN
7798-01-9537
UPID
US87-0489532
Jurisdiction
HANOVER
Zoning & alternative use
M-3 · Ashland, VA
Zoning M-3 · permitted uses
M-3 · Ashland, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
SPACE
Cooling
Yes
Lot
2.19 ac
Current owner
From public records · entity-resolved
Air Park Rd LLC
Entity
Mailing address
4104 HOLLY RD, VIRGINIA BEACH, VA 23451-2570
Ownership since
2024
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
May 17, 2024
—
Air Park Rd LLC
Kempshire Shoppes LLC
Special Warranty Deed
$4,000,000 · Dollar Bank Federal Savings Bank
Oct 3, 2023
$5,600,000
Kempshire Shoppes LLC
Wahoo Air Park LLC
Special Warranty Deed
—
Jun 28, 2021
$2,500,000
Wahoo Air Park LLC
South Atlantic Properties INC
Special Warranty Deed
$1,700,000 · Village Bank
Apr 30, 2007
$2,750,000
South Atlantic Properties INC
Hrc III LLC
Trustees Deed
$1,900,000 · Union Bank & Trust
Feb 17, 2006
—
Hrc III LLC
Curry,h Ray III
Grant 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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