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Property profile & analytics
FOR SALE
Motels
16209 Valley Pike N New Market, VA 22844
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-2453720
For Sale
1 / 64
$2,500,000
16209 Valley Pike N, New Market, VA 22844
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1935
Total area
100 SF
Lot
10.48 ac (456,465 SF)
Zoning code
GEN AGRICULTURAL DIST
APN
42-(A)- L21
UPID
US87-2453720
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
-
AGA AUTO YARD (Auto Parts) Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dookan Auto LLC · 2 yrs held
Dookan Auto LLC
since 2024
Last sale
$300,000
2 recorded transactions
Zoning & alternative use
GEN AGRICULTURAL DIST · New Market, 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 New Market submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Market 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$942
Tax year 2024
Assessed value
$138,500
Assessed 2024
Previous assessed
$138,500
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$91,600
Assessed improvement
$46,900
Land market value
$91,600
Improvement market value
$46,900
Total market value
$138,500
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1935
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
6
Total area
100 SF
Lot
10.48 ac (456,465 SF)
Zoning code
GEN AGRICULTURAL DIST
APN
42-(A)- L21
UPID
US87-2453720
Jurisdiction
ROCKINGHAM
Zoning & alternative use
GEN AGRICULTURAL DIST · New Market, VAZoning GEN AGRICULTURAL DIST · permitted uses
GEN AGRICULTURAL DIST · New Market, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1935
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
10.48 ac
Current owner
From public records · entity-resolved
Dookan Auto LLC
Entity
Free & Clear · 2 yrs held
Mailing address
927 NORTHFIELD CT, HARRISONBURG, VA 22802-4830
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
May 28, 2024
$300,000
Dookan Auto LLC
Roger Lee Dove
Deed
—
Jul 28, 2023
—
Roger Lee Dove
Roger Lee Dove
Intrafamily Transfer
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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