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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Commercial real estate
11263 Air Park Rd Ashland, VA 23005-3506
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-1050364
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
2,000 SF
Lot
0.23 ac (10,019 SF)
Zoning code
M-3
APN
7788-83-0069
UPID
US87-1050364
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
-
The Service Company of Virginia Construction Company General Contractor
-
Economy Auto Care Center Auto Repair Shop
-
AFP Industries Inc General Contractor
-
Battleware Technologies, Inc Engineering Consultant
-
The Hardpoint (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$755k
Owner & transaction history
Turnaround Factory LLC · 1 yrs held
Turnaround Factory LLC
since 2025
Last sale
$760,000
7 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
Method
Estimation
Statistic approach
$990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $760k (Jan 30 2025)
Last sale anchor
$760k
Jan 30 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
$378 / 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
$2,535
Tax year 2024
Assessed value
$313,000
Assessed 2024
Previous assessed
$292,500
+7.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$35,000
Assessed improvement
$278,000
Land market value
$35,000
Improvement market value
$278,000
Total market value
$313,000
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
Off-Market
Year built
2006
Heating
NONE
Total area
2,000 SF
Lot
0.23 ac (10,019 SF)
Zoning code
M-3
APN
7788-83-0069
UPID
US87-1050364
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
2006
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Turnaround Factory LLC
Entity
Mailing address
11263 AIR PARK RD, ASHLAND, VA 23005-3506
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
$760,000
Turnaround Factory LLC
Air Park Unit 3 LLC
Deed
$646,000 · First Citizens Bank & Trust Company
Jan 30, 2025
—
Turnaround Factory LLC
—
Deed
related
$646,000 · First Citizens Bank & Trust Company
Jan 21, 2025
—
Air Park Unit 4 LLC
Gibson Holdings LLC
Deed
related
—
Nov 10, 2021
$750,000
Taliaferro Properties
Air Park Road 2017 LLC
Warranty Deed
—
Aug 19, 2021
—
Air Park Road 2017 LLC
—
Deed
related
$350,000 · Village Bank
Apr 4, 2017
$485,000
Boss Ents LLC
W C Sterling Ents INC
Grant Deed
—
Jan 9, 2017
$240,000
Air Park Road LLC
Bluestate Properties LLC
Grant Deed
$192,000 · Bank Of America
Sep 8, 2006
$275,400
Air Park Unit 4 L L C
Ghost Dev L L C
Warranty Deed
—
—
—
Air Park Unit 4 LLC
—
Deed Of Trust
related
$100,000 · Evb Mortgage LLC
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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