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Property profile & analytics
FOR SALE
Super regional malls
1461 South Boston Rd Danville, VA 24540
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-1770907
For Sale
1 / 5
Contact for pricing
1461 South Boston Rd, Danville, VA 24540
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Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1985
Construction
CONCRETE BLOCKS
Total area
60,016 SF
Lot
6.15 ac (267,894 SF)
Zoning code
PLANNED SHOPPING CENTER
APN
76416
UPID
US87-1770907
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
-
Primo Water Exchange Big Box & Wholesale Store
-
Coinstar Kiosk | Bitcoin ATM Kiosk Atm
-
Food Lion Grocery & Convenience Store Food Market
-
Cain Creek Shopping Center Shopping Center & Mall
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.69M
Owner & transaction history
Nsp Cain Creek LLC · 1 yrs held
Nsp Cain Creek LLC
since 2025
Last sale
$4.1M
2 recorded transactions
Zoning & alternative use
PLANNED SHOPPING CENTER · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
UDC April 2026
Top alternative use upside
Office building
$7.8M
+358.9%
Commercial (general)
$7.7M
+354.3%
Medical building
$6.6M
+289.5%
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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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
$5,325,000
ML approach
$5,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,750,000
Change: +359% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,675,000
Change: +354% · Conversion: Easy
MEDICAL BUILDING
$6,575,000
Change: +289% · Conversion: Difficult
RESTAURANT
$5,785,000
Change: +242% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,535,000
Change: +228% · Conversion: Difficult
RETAIL STORES
$5,320,000
Change: +215% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,320,000
Change: +156% · Conversion: Difficult
Blend value · Realmo final
$4.69M
Range $4.22M – $5.16M · ±10% · vs last sale $4.05M (Nov 18 2022)
Last sale anchor
$4.05M
Nov 18 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
$78 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$25,140
Tax year 2021
Assessed value
$3,050,800
Assessed 2023
Previous assessed
$3,050,800
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$403,500
Assessed improvement
$2,647,300
Land market value
$403,500
Improvement market value
$2,647,300
Total market value
$3,050,800
Applied tax rate
5,101,110.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Sale
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
1
Total area
60,016 SF
Lot
6.15 ac (267,894 SF)
Zoning code
PLANNED SHOPPING CENTER
APN
76416
UPID
US87-1770907
Jurisdiction
DANVILLE CITY
Zoning & alternative use
PLANNED SHOPPING CENTER · Danville, VAZoning PLANNED SHOPPING CENTER · permitted uses
PLANNED SHOPPING CENTER · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
UDC April 2026
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$6.6M
RESTAURANT
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RETAIL STORES
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
6.15 ac
Current owner
From public records · entity-resolved
Nsp Cain Creek LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 11598, DANVILLE, VA 24543-5027
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
$5,025,000
Nsp Cain Creek LLC
Core Cain Creek LLC
Special Warranty Deed
—
Nov 18, 2022
$4,050,000
Core Cain Creek LLC
Cain Creek Shopping Center Associat
Warranty Deed
$3,280,000 · Truliant Federal Credit Union
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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