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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Industrial properties
145 Rocklawn Ln Lexington, VA 24450-5764
Entity Owned
Free & Clear
Property ID
US87-2597096
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
7,000 SF
Lot
41.81 ac (1,821,156 SF)
Zoning code
B-1
APN
75 A 40
UPID
US87-2597096
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
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Cbs Investments LLC
Cbs Investments LLC
since 2026
Last sale
$782,400
4 recorded transactions
Zoning & alternative use
B-1 · Lexington, 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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
$695,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$715,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$705,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$665,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $772k – $787k · vs last sale $782k (Dec 13 2022)
Last sale anchor
$782k
Dec 13 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
$108 / 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
$2,729,800
Assessed 2023
Previous assessed
$2,328,700
+17.2% YoY
Assessed land
$814,300
Assessed improvement
$1,915,500
Land market value
$814,300
Improvement market value
$1,915,500
Total market value
$2,729,800
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
Off-Market
Year built
2001
Heating
SPACE
Cooling
NONE
Buildings
1
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
7,000 SF
Lot
41.81 ac (1,821,156 SF)
Zoning code
B-1
APN
75 A 40
UPID
US87-2597096
Jurisdiction
ROCKBRIDGE
Zoning & alternative use
B-1 · Lexington, VA
Zoning B-1 · permitted uses
B-1 · Lexington, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$715,000
RETAIL STORES
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$665,000
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2001
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
41.81 ac
Current owner
From public records · entity-resolved
Cbs Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 778, LEXINGTON, VA 24450-0778
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2026
$3,000,000
Cbs Investments LLC
Cw Barger Properties LLC
Deed
—
Mar 9, 2026
—
Cw Barger Properties LLC
Charles W Barger And Son Constructi
Deed
related
—
Jul 5, 2023
—
Lexington Hotel LLC
—
Deed
related
$14,480,000 · Skyline National Bank
Dec 13, 2022
$782,400
Lexington Hotel LLC
Medusa Properties INC
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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