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Property profile & analytics
OFF-MARKET
Estimated value
$4,090,000
Commercial real estate
159 Hartley Way Pearisburg, VA 24134-2471
Entity Owned
Free & Clear
Property ID
US87-2204177
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2009
Total area
88,120 SF
Lot
23.5 ac (1,023,791 SF)
Zoning code
RRA1
APN
40 7 13
UPID
US87-2204177
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
-
Carilion Clinic Orthopaedic Surgery - Giles Medical Clinic
-
Michael S. Helvey, D.O. Physician
-
Carilion Clinic General Surgery - Giles Medical Clinic Hospital
-
Carilion Giles Community Hospital: Emergency Room Hospital
-
Richard Vidaud, CRNA Registered General Nurse
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.09M
Owner & transaction history
CARILION GILES MEMORIAL HOSPITAL
CARILION GILES MEMORIAL HOSPITAL
Zoning & alternative use
RRA1 · Pearisburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+58.0%
Retail stores
$6.6M
+56.4%
Restaurant
$6.5M
+54.1%
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 Pearisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearisburg 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,200,000
Current use
AUTO REPAIR, GARAGE
$6,630,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$6,570,000
Change: +56% · Conversion: Easy
RESTAURANT
$6,470,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$4.09M
Range $3.68M – $4.50M · ±10%
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
$46 / 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
$9,309,200
Assessed 2023
Previous assessed
$9,309,200
+0.0% YoY
Assessed land
$449,000
Assessed improvement
$8,860,200
Land market value
$449,000
Improvement market value
$8,860,200
Total market value
$9,309,200
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2009
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
50
Bathrooms
50
Total area
88,120 SF
Lot
23.5 ac (1,023,791 SF)
Zoning code
RRA1
APN
40 7 13
UPID
US87-2204177
Jurisdiction
GILES
Zoning & alternative use
RRA1 · Pearisburg, VA
Zoning RRA1 · permitted uses
RRA1 · Pearisburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pearisburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$6.6M
RETAIL STORES
Est. value
$6.6M
RESTAURANT
Est. value
$6.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
2009
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
50
Bathrooms
50
Lot
23.5 ac
Current owner
From public records · entity-resolved
CARILION GILES MEMORIAL HOSPITAL
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 12385, ROANOKE, VA 24025-2385
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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