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Property profile & analytics
OFF-MARKET
Community centers
1632 Tappahannock Blvd Tappahannock, VA 22560-9346
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-3331442
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1996
Total area
19,960 SF
Lot
1.84 ac (80,281 SF)
Zoning code
CG2
APN
37 127D
UPID
US87-3331442
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
-
tappahannock tobacco and vape (Bike/Boat/Book/etc) Store
-
New Nail and Spa Nail Salon
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
Borum Shoppes At Tappahannock LLC · 7 yrs held
Borum Shoppes At Tappahannock LLC
since 2018
4 recorded transactions
Zoning & alternative use
CG2 · Tappahannock, 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 Tappahannock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tappahannock 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
$8,979
Tax year 2024
Assessed value
$1,229,950
Assessed 2024
Previous assessed
$1,229,950
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$284,950
Assessed improvement
$945,000
Land market value
$284,950
Improvement market value
$945,000
Total market value
$1,229,950
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1996
Cooling
NONE
Stories
1
Total area
19,960 SF
Lot
1.84 ac (80,281 SF)
Zoning code
CG2
APN
37 127D
UPID
US87-3331442
Jurisdiction
ESSEX
Zoning & alternative use
CG2 · Tappahannock, VA
Zoning CG2 · permitted uses
CG2 · Tappahannock, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tappahannock. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Cooling
Yes
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Borum Shoppes At Tappahannock LLC
Entity
Mailing address
PO BOX 71150, RICHMOND, VA 23255-1150
Ownership since
2018
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
Jan 20, 2023
—
Borum Shoppes At Tappahannock LLC
—
Deed
related
$2,185,000 · First Command Bank
Dec 17, 2018
$2,400,000
Borum Shoppes At Tappahannock LLC
Tappahannock Retail LLC
Warranty Deed
$1,800,000 · Union Bank & Trust
Feb 28, 2017
—
Tappahannock Retail LLC
—
Deed
related
$1,600,000 · Sonabank
Feb 7, 2007
$2,200,000
Tappahannock Retail LLC
Tappahannock Center LLC
Warranty 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.
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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