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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Industrial properties
200 12th St Waynesboro, VA 22980-4771
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US87-3238216
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1948
Total area
2,460 SF
Lot
31.78 ac (1,384,337 SF)
Zoning code
PUD
APN
55 2 - A
UPID
US87-3238216
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
-
Shenandoah Powerhouse Gym & Fitness Center Gym & Fitness Center
-
Lightwell Survey Wines Brewery & Distillery Specialty Food Shop
-
Ula Tortilla Food Processing Plant Factory
-
Romeo Glass Factory Industrial Manufacturer
-
Make Waynesboro Clay Studio Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
South River Partners LLC · 13 yrs held
South River Partners LLC
since 2012
1 recorded transaction
Zoning & alternative use
PUD · Waynesboro, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to accommodate development that may be difficult if not impossible to carry out under otherwise applicable or available zoning district standards
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
1,098.27 ac
Source
Realmo
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 Waynesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waynesboro 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±10%
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
$114 / 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
$31,876
Tax year 2023
Assessed value
$4,139,700
Assessed 2023
Previous assessed
$3,506,000
+18.1% YoY
Effective rate
0.77%
On assessed value
Assessed land
$647,200
Assessed improvement
$3,492,500
Land market value
$647,200
Improvement market value
$3,492,500
Total market value
$4,139,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Stories
1
Total area
2,460 SF
Lot
31.78 ac (1,384,337 SF)
Zoning code
PUD
APN
55 2 - A
UPID
US87-3238216
Jurisdiction
WAYNESBORO CITY
Zoning & alternative use
PUD · Waynesboro, VAZoning PUD · permitted uses
PUD · Waynesboro, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to accommodate development that may be difficult if not impossible to carry out under otherwise applicable or available zoning district standards
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
1,098.27 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1948
Heating
FORCED AIR
Stories
1
Lot
31.78 ac
Current owner
From public records · entity-resolved
South River Partners LLC
Entity
Mailing address
PO BOX 610, WAYNESBORO, VA 22980-0450
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2012
$1,750,000
South River Partners LLC
South River INC
Warranty Deed
$1,487,500 · South River INC
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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