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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial real estate
17222 Washington Hwy Doswell, VA 23047
Entity Owned
21-yr Hold
Free & Clear
Property ID
US87-0461977
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Total area
2,704 SF
Lot
21.74 ac (946,951 SF)
Zoning code
M-3
APN
7884-24-5228
UPID
US87-0461977
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
-
New Page Wood Yard Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$530k
Owner & transaction history
Meadwestvaco Maryland INC · 21 yrs held
Meadwestvaco Maryland INC
since 2005
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
M-3 · Doswell, 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 Doswell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Doswell 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
$665,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $500k (Oct 8 2020)
Last sale anchor
$500k
Oct 8 2020
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
$196 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,165
Tax year 2024
Assessed value
$1,008,000
Assessed 2024
Previous assessed
$819,000
+23.1% YoY
Effective rate
0.81%
On assessed value
Assessed land
$741,500
Assessed improvement
$266,500
Land market value
$741,500
Improvement market value
$266,500
Total market value
$1,008,000
Applied tax rate
2.0000
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
1993
Heating
NONE
Cooling
YES
Total area
2,704 SF
Lot
21.74 ac (946,951 SF)
Zoning code
M-3
APN
7884-24-5228
UPID
US87-0461977
Jurisdiction
HANOVER
Zoning & alternative use
M-3 · Doswell, VAZoning M-3 · permitted uses
M-3 · Doswell, 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
1993
Heating
NONE
Cooling
Yes
Lot
21.74 ac
Current owner
From public records · entity-resolved
Meadwestvaco Maryland INC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 159, ASHLAND, VA 23005-0159
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
—
Krlb Real Estate Holdings LLC
—
Deed
related
$800,000 · Virginia Commonwealth Bank
Dec 21, 2016
—
Luke Paper Co
—
Grant Deed
related
$220,000,000 · Barclays Bk/plc
Oct 5, 2009
—
Luke Paper Co
—
Trustees Deed
related
$493,582 · Bank Of Ny Mellon
Jan 8, 2008
—
Luke Paper Co
—
Deed Of Trust
related
$1,600,000 · Bank Of New York
Jun 5, 2005
$493,582
Meadwestvaco Maryland INC
Westvaco Corp
Grant Deed
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.
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