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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
1142 Ayers Rd Glade Hill, VA 24092-4106
Entity Owned
17-yr Hold
Free & Clear
Property ID
US87-0376537
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
7,976 SF
Lot
83.87 ac (3,653,508 SF)
Zoning code
A1
APN
053 00-126 00
UPID
US87-0376537
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
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$520k
Owner & transaction history
Franklin Real Estate Co · 17 yrs held
Franklin Real Estate Co
since 2009
3 recorded transactions
Zoning & alternative use
A1 · Glade Hill, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$775,000
+68.7%
Restaurant
$645,000
+40.9%
Apartment house (5+ units)
$595,000
+29.5%
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 Glade Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glade Hill 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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$460,000
Current use
OFFICE BUILDING
$775,000
Change: +69% · Conversion: Difficult
RESTAURANT
$645,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$590,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$545,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$65 / 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
Property tax & assessments
Assessed value
$667,900
Assessed 2023
Previous assessed
$667,900
+0.0% YoY
Assessed land
$307,900
Assessed improvement
$360,000
Land market value
$307,900
Improvement market value
$360,000
Total market value
$667,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
SPACE
Cooling
NONE
Buildings
1
Stories
1
Rooms
2
Bathrooms
6
Total area
7,976 SF
Lot
83.87 ac (3,653,508 SF)
Zoning code
A1
APN
053 00-126 00
UPID
US87-0376537
Jurisdiction
FRANKLIN
Zoning & alternative use
A1 · Glade Hill, VA
Zoning A1 · permitted uses
A1 · Glade Hill, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glade Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$460,000
OFFICE BUILDING
Est. value
$775,000
RESTAURANT
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
RETAIL STORES
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$545,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Rooms
2
Bathrooms
6
Lot
83.87 ac
Current owner
From public records · entity-resolved
Franklin Real Estate Co
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 16428, COLUMBUS, OH 43216-6428
Ownership since
2009
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
May 15, 2009
$712,500
Franklin Real Estate Co
Elkins,john W
Grant Deed
—
Mar 30, 2009
$712,500
Franklin Real Estate Co
Elkins,john W & Ruby H
Grant Deed
—
—
—
Richard L Jamison JR.
—
Deed Of Trust
related
$139,000 · Farm Credit/virginias Flca
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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