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Property profile & analytics
OFF-MARKET
Estimated value
$18,500,000
Manufacturing properties
201 Airside Dr Danville, VA 24540-5616
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1804907
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
CONCRETE BLOCKS
Total area
420 SF
Lot
40.69 ac (1,772,456 SF)
Zoning code
LIGHT ECONOMIC DEVELOPMEN
APN
77073
UPID
US87-1804907
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
-
Nestle USA Food Processing Plant Factory
-
Nestle Warehouse & Storage
-
Buitoni Food Company Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$18.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.50M
Owner & transaction history
201 Airside Drive LLC · 1 yrs held
201 Airside Drive LLC
since 2024
Last sale
$18.5M
3 recorded transactions
Zoning & alternative use
LIGHT ECONOMIC DEVELOPMEN · Danville, 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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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
$18,500,000
ML approach
$18,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.50M
Range $16.65M – $20.35M · ±10% · vs last sale $18.50M (Sep 18 2024)
Last sale anchor
$18.50M
Sep 18 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
$44,048 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$65,188
Tax year 2021
Assessed value
$8,082,100
Assessed 2023
Previous assessed
$8,082,100
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$302,000
Assessed improvement
$7,780,100
Land market value
$302,000
Improvement market value
$7,780,100
Total market value
$8,082,100
Applied tax rate
5,101,110.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
2
Total area
420 SF
Lot
40.69 ac (1,772,456 SF)
Zoning code
LIGHT ECONOMIC DEVELOPMEN
APN
77073
UPID
US87-1804907
Jurisdiction
DANVILLE CITY
Zoning & alternative use
LIGHT ECONOMIC DEVELOPMEN · Danville, VA
Zoning LIGHT ECONOMIC DEVELOPMEN · permitted uses
LIGHT ECONOMIC DEVELOPMEN · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Lot
40.69 ac
Current owner
From public records · entity-resolved
201 Airside Drive LLC
Entity
Mailing address
117 WATER ST #201, LAWRENCE, MA 01841-4720
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
Sep 18, 2024
$18,500,000
201 Airside Drive LLC
Buitoni Food Company
Special Warranty Deed
$12,500,000 · Starwood Mortgage Capital LLC
Jul 2, 2020
—
Buitoni Food Company
Bfc Purchaser Company
Deed
$58,800,000 · The Huntington National Bank
Jul 2, 2020
$10,899,600
Bfc Purchaser Company
Nestle USA INC
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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