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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Parking lots & garages
1840 Churchville Ave Staunton, VA 24401-1702
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2570349
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2002
Construction
METAL FRAME
Total area
13,800 SF
Lot
4.11 ac (179,119 SF)
Zoning code
B1
APN
11510
UPID
US87-2570349
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
-
CV Kustomz Auto Repair Shop
-
Dan Grinde Cycle Auto Repair Shop Motorcycle Shop
-
All-Temp Heating and Cooling Hardware & Home Improvement HVAC Service
-
Lifesafer Ignition Interlock Building Supply General Contractor
-
Messer Landscape Inc. Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.25M
Owner & transaction history
Ajs Motorplex LLC · 2 yrs held
Ajs Motorplex LLC
since 2024
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
B1 · Staunton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+25.1%
Restaurant
$1.4M
+20.8%
Office building
$1.2M
+5.0%
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 Staunton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Staunton 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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,155,000
Current use
MEDICAL BUILDING
$1,445,000
Change: +25% · Conversion: Difficult
RESTAURANT
$1,395,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,215,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,160,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Jun 14 2024)
Last sale anchor
$1.25M
Jun 14 2024
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
$91 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,743
Tax year 2023
Assessed value
$757,600
Assessed 2024
Previous assessed
$757,600
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$49,300
Assessed improvement
$708,300
Land market value
$49,300
Improvement market value
$708,300
Total market value
$757,600
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2002
Construction
METAL FRAME
Stories
1
Total area
13,800 SF
Lot
4.11 ac (179,119 SF)
Zoning code
B1
APN
11510
UPID
US87-2570349
Jurisdiction
STAUNTON CITY
Zoning & alternative use
B1 · Staunton, VA
Zoning B1 · permitted uses
B1 · Staunton, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Staunton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
PARKING LOT Current
MEDICAL BUILDING
RESTAURANT
OFFICE 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
2002
Construction
METAL FRAME
Stories
1
Lot
4.11 ac
Current owner
From public records · entity-resolved
Ajs Motorplex LLC
Entity
Mailing address
1420 PLEASANT VW ST, STAUNTON, VA 24401-2055
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
$1,250,000
Ajs Motorplex LLC
Judy Y Jackson
Deed
$1,250,000 · Jeffrey Ward
Jun 5, 2024
—
Brian Mcdaniel
Judy Y Jackson
Intrafamily Transfer
related
—
Mar 28, 2019
—
John Nevil Jackson JR
John Nevil Jackson JR
Gift 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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