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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Industrial properties
1601 Hockett Rd Manakin Sabot, VA 23103-2230
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1759709
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1970
Total area
3,980 SF
Lot
2.83 ac (123,275 SF)
Zoning code
B1-BUS/GEN
APN
47 1 82
UPID
US87-1759709
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
-
Sunset Grill Restaurant
-
Goochland Realty Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$690k
Owner & transaction history
Burton Family LLC · 2 yrs held
Burton Family LLC
since 2024
2 recorded transactions
Zoning & alternative use
B1-BUS/GEN · Manakin Sabot, 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 Manakin Sabot submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manakin Sabot 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%
$830,000
6.5%
$765,000
7%
$710,000
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$173 / 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
$6,830
Tax year 2021
Assessed value
$2,458,800
Assessed 2024
Previous assessed
$2,346,500
+4.8% YoY
Effective rate
0.28%
On assessed value
Assessed land
$2,234,100
Assessed improvement
$224,700
Land market value
$2,234,100
Improvement market value
$224,700
Total market value
$2,458,800
Applied tax rate
412.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1970
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
2
Total area
3,980 SF
Lot
2.83 ac (123,275 SF)
Zoning code
B1-BUS/GEN
APN
47 1 82
UPID
US87-1759709
Jurisdiction
GOOCHLAND
Zoning & alternative use
B1-BUS/GEN · Manakin Sabot, VA
Zoning B1-BUS/GEN · permitted uses
B1-BUS/GEN · Manakin Sabot, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manakin Sabot. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.83 ac
Current owner
From public records · entity-resolved
Burton Family LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3851 OLD STAGE RD, GOOCHLAND, VA 23063-2937
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Feb 5, 2024
—
Burton Family LLC
Vernell M Burton
Special Warranty Deed
—
Oct 23, 2006
—
Gary M Hodges
Violet C Nuckols
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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