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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial real estate
115 Hanover Ave Ashland, VA 23005-1826
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0979919
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Total area
3,456 SF
Lot
0.1 ac (4,269 SF)
Zoning code
B-1
APN
7870-61-9148
UPID
US87-0979919
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
-
Knot Just Hair Hair Salon
-
EPIC INTERNATIONAL, Inc Big Box & Wholesale Store
-
ag.systems Crop Grower
-
Mettler-Toledo Inc Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$530k
Owner & transaction history
115 Hanover Avenue LLC · 1 yrs held
115 Hanover Avenue LLC
since 2024
Last sale
$515,000
3 recorded transactions
Zoning & alternative use
B-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$435,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $515k (Sep 4 2024)
Last sale anchor
$515k
Sep 4 2024
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
$153 / 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
$3,132
Tax year 2024
Assessed value
$386,700
Assessed 2024
Previous assessed
$386,700
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$52,200
Assessed improvement
$334,500
Land market value
$52,200
Improvement market value
$334,500
Total market value
$386,700
Applied tax rate
8.0000
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
1988
Heating
HEAT PUMP
Cooling
YES
Total area
3,456 SF
Lot
0.1 ac (4,269 SF)
Zoning code
B-1
APN
7870-61-9148
UPID
US87-0979919
Jurisdiction
HANOVER
Zoning & alternative use
B-1 · Ashland, VA
Zoning B-1 · permitted uses
B-1 · 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
1988
Heating
HEAT PUMP
Cooling
Yes
Lot
0.1 ac
Current owner
From public records · entity-resolved
115 Hanover Avenue LLC
Entity
Mailing address
699 WALES WAY, ASHLAND, VA 23005-1263
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
$515,000
115 Hanover Avenue LLC
115 Hanover LLC
Warranty Deed
$437,750 · First Citizens Bank & Trust Company
Nov 2, 2017
$250,000
115 Hanover LLC A Virginia Limited
Sally P Campbell
Warranty Deed
$200,000 · Village Bank
Sep 2, 2008
—
Sally P Campbell
Campbell,hugh
Quit Claim 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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