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Property profile & analytics
OFF-MARKET
Banks
200 Augusta Ave Grottoes, VA 24441-2402
Entity Owned
~
Est. High Equity
Property ID
US87-3159988
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1985
Lot
0.33 ac (14,505 SF)
Zoning code
GEN AGRICULTURAL DIST
APN
160D4-(1)-B523 L5
UPID
US87-3159988
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
-
Rite Aid Pharmacy
-
Rite Aid Pharmacy Pharmacy
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
First Baptist Church Of Grottoes In
First Baptist Church Of Grottoes In
since 2025
Last sale
$450,000
3 recorded transactions
Zoning & alternative use
GEN AGRICULTURAL DIST · Grottoes, 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 Grottoes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grottoes 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
$2,054
Tax year 2024
Assessed value
$302,000
Assessed 2024
Previous assessed
$302,000
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$114,500
Assessed improvement
$187,500
Land market value
$114,500
Improvement market value
$187,500
Total market value
$302,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1985
Heating
ELECTRIC
Cooling
YES
Stories
1
Rooms
4
Lot
0.33 ac (14,505 SF)
Zoning code
GEN AGRICULTURAL DIST
APN
160D4-(1)-B523 L5
UPID
US87-3159988
Jurisdiction
ROCKINGHAM
Zoning & alternative use
GEN AGRICULTURAL DIST · Grottoes, VA
Zoning GEN AGRICULTURAL DIST · permitted uses
GEN AGRICULTURAL DIST · Grottoes, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grottoes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
ELECTRIC
Cooling
Yes
Stories
1
Rooms
4
Lot
0.33 ac
Current owner
From public records · entity-resolved
First Baptist Church Of Grottoes In
Entity
Mailing address
200 AUGUSTA LLC 169TH CHURCH ST, GROTTOES, VA 24441
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 2, 2025
$450,000
First Baptist Church Of Grottoes In
200 Augusta LLC
Deed
$250,000 · Blue Ridge Bank
Oct 25, 2022
$300,000
200 Augusta LLC
Farmers & Merchants Bank
Deed
$240,000 · Bank Of The James
May 6, 2016
$369,000
Farmers & Merchants Bank
Alan E Strawderman
Foreclosure
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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