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Property profile & analytics
OFF-MARKET
Estimated value
$11,410,000
Medical Office Space
201 Main St Danville, VA 24541-2927
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-1602175
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
81,326 SF
Lot
1.03 ac (44,867 SF)
Zoning code
TRANSITIONAL OFFICE
APN
21709
UPID
US87-1602175
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
-
Danville Surgical Center Medical Clinic Hospital
-
Piedmont Endocrinology Medical Clinic
-
Sovah Heart & Vascular - Danville Medical Clinic
-
Brian Zagol, MD Physician
-
Piedmont Cardiology Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.35M
CAP Approach
CAP
$11.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.41M
Owner & transaction history
201 South Main Street Mob LLC · 2 yrs held
201 South Main Street Mob LLC
since 2023
Last sale
$11.3M
2 recorded transactions
Zoning & alternative use
TRANSITIONAL OFFICE · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
UDC April 2026
Top alternative use upside
Restaurant
$10.6M
+1.4%
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
$10,335,000
ML approach
$11,345,000
CAP Approach
CAP Return
Estimation
6%
$12,665,000
6.5%
$11,690,000
7%
$10,855,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,475,000
Current use
RESTAURANT
$10,625,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$11.41M
Range $10.27M – $12.55M · ±10% · vs last sale $11.30M (Dec 13 2023)
Last sale anchor
$11.30M
Dec 13 2023
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
$140 / 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
$24,208
Tax year 2023
Assessed value
$5,763,800
Assessed 2023
Previous assessed
$5,763,800
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$173,900
Assessed improvement
$5,589,900
Land market value
$173,900
Improvement market value
$5,589,900
Total market value
$5,763,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Stories
3
Total area
81,326 SF
Lot
1.03 ac (44,867 SF)
Zoning code
TRANSITIONAL OFFICE
APN
21709
UPID
US87-1602175
Jurisdiction
DANVILLE CITY
Zoning & alternative use
TRANSITIONAL OFFICE · Danville, VAZoning TRANSITIONAL OFFICE · permitted uses
TRANSITIONAL OFFICE · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
UDC April 2026
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$10.5M
RESTAURANT
Est. value
$10.6M
MEDICAL BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
3
Lot
1.03 ac
Current owner
From public records · entity-resolved
201 South Main Street Mob LLC
Entity
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2024
—
Danville Regional Medical Center Ll
—
Deed
related
$2,200,000 · Wilmington Trust National Association
Dec 13, 2023
$11,300,000
201 South Main Street Mob LLC
Danville Regional Medical Center Ll
Special Warranty Deed
$236,130,000 · Capital One National Association
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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