Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Grocery and convenience stores
1812 Thompson Memorial Dr Roanoke, VA 24019-5532
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1280442
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1940
Total area
5,572 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C2
APN
036.01-02-03
UPID
US87-1280442
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
-
Subway Take-out & Catering Catering Service
-
bp Gas Station
-
ATM Atm
-
Hanging Rock Express Grocery Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$815k
Owner & transaction history
Hanging Rock Grocery LLC · 5 yrs held
Hanging Rock Grocery LLC
since 2021
Last sale
$800,000
2 recorded transactions
Zoning & alternative use
C2 · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning | Roanoke, VA
Top alternative use upside
Auto repair, garage
$905,000
+415.9%
Restaurant
$650,000
+270.1%
Medical building
$620,000
+252.6%
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 Roanoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roanoke 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
$830,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$905,000
Change: +416% · Conversion: Difficult
RESTAURANT
$650,000
Change: +270% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +253% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +202% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $800k (Jan 15 2021)
Last sale anchor
$800k
Jan 15 2021
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
$146 / 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
$6,460
Tax year 2024
Assessed value
$621,200
Assessed 2024
Previous assessed
$601,700
+3.2% YoY
Effective rate
1.04%
On assessed value
Assessed land
$252,500
Assessed improvement
$368,700
Land market value
$252,500
Improvement market value
$368,700
Total market value
$621,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1940
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
5
Total area
5,572 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C2
APN
036.01-02-03
UPID
US87-1280442
Jurisdiction
ROANOKE
Zoning & alternative use
C2 · Roanoke, VAZoning C2 · permitted uses
C2 · Roanoke, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning | Roanoke, VA
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$905,000
RESTAURANT
Est. value
$650,000
MEDICAL BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$530,000
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1940
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
5
Lot
2.59 ac
Current owner
From public records · entity-resolved
Hanging Rock Grocery LLC
Entity
Mailing address
308 POLAR LN, SALEM, VA 24153-2852
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 29, 2021
—
Hanging Rock Grocery LLC
—
Deed
related
$1,000,000 · American National Bank & Trust Co
Jan 15, 2021
$800,000
Hanging Rock Grocery LLC
M M Normanda
Grant Deed
$1,000,000 · M M Normanda
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1812 Thompson Memorial Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
