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Property profile & analytics
OFF-MARKET
Banks
1201 Craig Ave Covington, VA 24426-2237
Entity Owned
Free & Clear
Property ID
US87-2902597
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1980
Total area
3,116 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C3
APN
18---A-----9-
UPID
US87-2902597
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
-
ATM (Stop In Food Stores) Atm Convenience Store
-
Truist Bank Loan Service
-
Truist - ATM Atm
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
BRANCH BANKING & TRUST COMPANY OF
BRANCH BANKING & TRUST COMPANY OF
Zoning & alternative use
C3 · Covington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established to provide sites for more diversified types of businesses and is typically located along major streets and highways
Zone name
General Business
General category
COMMERCIAL
Zone area
114.06 ac
Source
Realmo
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 Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covington 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
$4,213
Tax year 2023
Assessed value
$495,700
Assessed 2023
Previous assessed
$493,700
+0.4% YoY
Effective rate
0.85%
On assessed value
Assessed land
$61,000
Assessed improvement
$434,700
Land market value
$61,000
Improvement market value
$434,700
Total market value
$495,700
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
3,116 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C3
APN
18---A-----9-
UPID
US87-2902597
Jurisdiction
COVINGTON CITY
Zoning & alternative use
C3 · Covington, VAZoning C3 · permitted uses
C3 · Covington, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is established to provide sites for more diversified types of businesses and is typically located along major streets and highways
Zone name
General Business
General category
COMMERCIAL
Zone area
114.06 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
BRANCH BANKING & TRUST COMPANY OF
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 167, WINSTON SALEM, NC 27102-0167
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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