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Property profile & analytics
FOR LEASE
Industrial properties
1401 Hopeman Pkwy Waynesboro, VA 22980
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-2518629
For Lease
1 / 58
$8.02 SF/Yr
1401 Hopeman Pkwy, Waynesboro, VA 22980
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Total area
21,002 SF
Lot
3.14 ac (136,822 SF)
Zoning code
H-I
APN
17 1 - 11
UPID
US87-2518629
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
-
Bank Design & Equipment Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Wool2dye4 Properties LLC · 4 yrs held
Wool2dye4 Properties LLC
since 2022
Last sale
$1.4M
1 recorded transaction
Zoning & alternative use
H-I · Waynesboro, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district to provide an environment for industries that is unencumbered by nearby residential development. Unless separated by an arterial, the H-I district is not appropriate adjacent to any residential district
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
774.36 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.1M
+222.8%
Apartment house (5+ units)
$1.5M
+132.8%
Office building
$1.3M
+97.2%
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 Waynesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waynesboro 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
$1,245,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,060,000
Change: +223% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,485,000
Change: +133% · Conversion: Difficult
OFFICE BUILDING
$1,255,000
Change: +97% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.40M (Jun 15 2022)
Last sale anchor
$1.40M
Jun 15 2022
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
$59 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,669
Tax year 2023
Assessed value
$996,000
Assessed 2023
Previous assessed
$932,000
+6.9% YoY
Effective rate
0.77%
On assessed value
Assessed land
$240,700
Assessed improvement
$755,300
Land market value
$240,700
Improvement market value
$755,300
Total market value
$996,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1972
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
13
Total area
21,002 SF
Lot
3.14 ac (136,822 SF)
Zoning code
H-I
APN
17 1 - 11
UPID
US87-2518629
Jurisdiction
WAYNESBORO CITY
Zoning & alternative use
H-I · Waynesboro, VAZoning H-I · permitted uses
H-I · Waynesboro, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district to provide an environment for industries that is unencumbered by nearby residential development. Unless separated by an arterial, the H-I district is not appropriate adjacent to any residential district
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
774.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
13
Lot
3.14 ac
Current owner
From public records · entity-resolved
Wool2dye4 Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1401 HOPEMAN PKWY, WAYNESBORO, VA 22980-1947
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$1,400,000
Wool2dye4 Properties LLC
Commonwealth Investors Lc
Special 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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