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Property profile & analytics
FOR LEASE
Automotive properties
1841 Richmond Hwy Tappahannock, VA 22560
Entity Owned
11-yr Hold
Property ID
US87-3330844
For Lease
1 / 2
Contact for pricing
1841 Richmond Hwy, Tappahannock, VA 22560
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Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2006
Total area
864 SF
Lot
114.2 ac (4,974,552 SF)
Zoning code
A-2
APN
36 140
UPID
US87-3330844
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
-
Parts Center - Tappahannock Chevrolet Auto Parts Store
-
Tappahannock Chevrolet Service Auto Repair Shop
-
Tappahannock Chevrolet Car Dealership Auto Repair Shop
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
Hightide Development LLC · 11 yrs held
Hightide Development LLC
since 2014
4 recorded transactions
Zoning & alternative use
A-2 · 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
$4,152
Tax year 2024
Assessed value
$568,782
Assessed 2024
Previous assessed
$568,782
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$417,900
Assessed improvement
$150,882
Land market value
$417,900
Improvement market value
$150,882
Total market value
$568,782
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Lease
Year built
2006
Cooling
YES
Stories
1
Total area
864 SF
Lot
114.2 ac (4,974,552 SF)
Zoning code
A-2
APN
36 140
UPID
US87-3330844
Jurisdiction
ESSEX
Zoning & alternative use
A-2 · Tappahannock, VA
Zoning A-2 · permitted uses
A-2 · 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
2006
Cooling
Yes
Stories
1
Lot
114.2 ac
Current owner
From public records · entity-resolved
Hightide Development LLC
Entity
Mailing address
1841 RICHMOND HWY, TAPPAHANNOCK, VA 22560-5525
Ownership since
2014
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
Dec 20, 2024
—
Hightide Development LLC
—
Deed
related
$2,300,000 · Wesbanco Bank INC
Jan 27, 2023
—
Colonial Holdings Enterprises LLC
—
Deed
related
$480,000 · Wesbanco Bank INC
Jun 13, 2017
—
Hightide Development LLC
—
Deed
related
$500,000 · Old Line Bank
Dec 4, 2014
$875,000
Hightide Development LLC
Alexander F Dillard Exr JR
Special Warranty Deed
$1,223,250 · Old Line Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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