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Property profile & analytics
OFF-MARKET
Estimated value
$9,215,000
Commercial real estate
1211 Armory Dr Franklin, VA 23851-2415
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-2046242
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2022
Construction
LIGHT FRAME
Total area
21,735 SF
Lot
3.78 ac (164,657 SF)
Zoning code
M1
APN
120 057 H
UPID
US87-2046242
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
-
Winners Circle Chrysler Dodge Jeep RAM - Franklin Car Dealership
-
Franklin Chrysler Dodge Jeep Ram Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.22M
Owner & transaction history
Jcarsiiii Properties LLC · 3 yrs held
Jcarsiiii Properties LLC
since 2023
Last sale
$8.8M
3 recorded transactions
Zoning & alternative use
M1 · Franklin, 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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
$9,470,000
ML approach
$9,745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.22M
Range $8.29M – $10.14M · ±10% · vs last sale $8.83M (Feb 7 2023)
Last sale anchor
$8.83M
Feb 7 2023
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
$424 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$15,117
Tax year 2019
Assessed value
$5,086,200
Assessed 2023
Previous assessed
$3,501,900
+45.2% YoY
Effective rate
0.30%
On assessed value
Assessed land
$2,196,800
Assessed improvement
$2,889,400
Land market value
$2,196,800
Improvement market value
$2,889,400
Total market value
$5,086,200
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
2022
Construction
LIGHT FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
21,735 SF
Lot
3.78 ac (164,657 SF)
Zoning code
M1
APN
120 057 H
UPID
US87-2046242
Jurisdiction
FRANKLIN CITY
Zoning & alternative use
M1 · Franklin, VAZoning M1 · permitted uses
M1 · Franklin, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
LIGHT FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
3.78 ac
Current owner
From public records · entity-resolved
Jcarsiiii Properties LLC
Entity
Mailing address
4116 W MERCURY BLVD, HAMPTON, VA 23666-3728
Ownership since
2023
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
Feb 7, 2023
$8,825,000
Jcarsiiii Properties LLC
Colonial Holdings Enterprises LLC
Warranty Deed
$7,501,250 · Fulton Bank NA
Jan 24, 2022
$3,100,000
Colonial Holdings Enterprises LLC
Mike Duman Real Estate LLC
Warranty Deed
—
Nov 19, 2008
$25,500
John R Rawls SR.
Judith W Marks
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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