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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Turn key restaurants
1975 Neeley Rd Big Stone Gap, VA 24219
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-1758638
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
CONCRETE BLOCKS
Total area
4,766 SF
Lot
1.81 ac (78,974 SF)
APN
R033386
UPID
US87-1758638
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Sp Shopping Center LLC · 3 yrs held
Sp Shopping Center LLC
since 2023
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
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 Big Stone Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Big Stone Gap 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
$880,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Jun 30 2022)
Last sale anchor
$1.05M
Jun 30 2022
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
$220 / 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
Property tax & assessments
Assessed value
$1,032,800
Assessed 2023
Previous assessed
$988,200
+4.5% YoY
Assessed land
$394,800
Assessed improvement
$638,000
Land market value
$394,800
Improvement market value
$638,000
Total market value
$1,032,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
4,766 SF
Lot
1.81 ac (78,974 SF)
APN
R033386
UPID
US87-1758638
Jurisdiction
WISE
Zoning & alternative use
Zoning · permitted uses
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
1990
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Sp Shopping Center LLC
Entity
Free & Clear · 3 yrs held
Mailing address
245 N MAIN ST STE #4, CLINTON, TN 37716-3001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
—
Sp Shopping Center LLC
Sp Shopping Center LLC
Deed
related
—
Jun 30, 2022
$1,045,786
1975 Neeley Road LLC
Nld Big Stone Gap LLC
Special Warranty Deed
—
Jan 3, 2022
$500,000
Sp Shopping Center LLC
One Center Corp
Special Warranty Deed
$1,570,000 · Seminole Center Associates LLC
Jan 7, 2021
$725,000
Nld Big Stone Gap LLC
Neeley Road Associates LLC
Special Warranty Deed
$499,500 · Independent Bank
Dec 30, 2020
—
Neeley Road Associates LLC
One Center Corp
Special Warranty Deed
—
Jul 10, 2020
—
Neeley Road Associates LLC
One Center Corp
Special 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.
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