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Property profile & analytics
OFF-MARKET
Estimated value
$2,455,000
Warehouses
2117 Halifax Rd Danville, VA 24540-5503
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-1777871
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
STEEL FRAME
Total area
112,422 SF
Lot
19.24 ac (838,094 SF)
Zoning code
LIGHT ECONOMIC DEVELOPMEN
APN
77752
UPID
US87-1777871
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
$3.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$2.46M
Owner & transaction history
Homestead Re LLC · 4 yrs held
Homestead Re LLC
since 2022
Last sale
$2.3M
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
$2,960,000
ML approach
$3,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,015,000
Current use
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±10% · vs last sale $2.25M (Apr 25 2022)
Last sale anchor
$2.25M
Apr 25 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
$22 / 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
$9,316
Tax year 2021
Assessed value
$1,350,900
Assessed 2023
Previous assessed
$1,350,900
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$362,700
Assessed improvement
$988,200
Land market value
$362,700
Improvement market value
$988,200
Total market value
$1,350,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
112,422 SF
Lot
19.24 ac (838,094 SF)
Zoning code
LIGHT ECONOMIC DEVELOPMEN
APN
77752
UPID
US87-1777871
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
WAREHOUSE, STORAGE Current
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
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
19.24 ac
Current owner
From public records · entity-resolved
Homestead Re LLC
Entity
Mailing address
6156 PETRA ML RD, GRANITE FALLS, NC 28630-8111
Ownership since
2022
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
Apr 25, 2022
$2,250,000
Homestead Re LLC
Lowder Management LLC
Special Warranty Deed
$2,250,000 · Keybank National Association
Aug 18, 2020
$1,625,000
Lowder Management LLC
Limborgh II LLC
Warranty Deed
$1,428,850 · Wells Fargo Bank NA
Sep 26, 2005
$902,000
Limborgh II LLC
Dan S Robertson
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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