Entity Owned 
For Sale
1 / 73
$299,000
2175 Hankey Mountain Hwy, Churchville, VA 24421
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Property summary
AI-generated overview
The property is a commercial building that was formerly used as a restaurant, situated on approximately 0.97 acres with approximately 225 feet of frontage on Route 250 and approximately 215 feet of frontage on Stover Shop Road. The building contains approximately 2,468 square feet and includes a dining area, a commercial kitchen, two offices, one full bathroom, two half bathrooms, and a laundry area. A separate storage building is located on the site. Utilities include solar power with generator backup. The property fronts directly on Route 250, approximately 13 miles from Staunton and approximately 16 miles from I-81, with Harrisonburg, James Madison University, Shenandoah Valley Airport, Waynesboro, and Charlottesville, Virginia within a short driving distance.
Property profile
Verified
Property type
Restaurants
Use group
RESTAURANT
Year built
1929
Total area
3,628 SF
Lot
0.97 ac (42,297 SF)
Zoning code
GENERAL AGRICULTURE
APN
015 21
UPID
US87-3317457
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$240k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$240k
Owner & transaction history
Zoning & alternative use
GENERAL AGRICULTURE · Churchville, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$240k
Value range
$216k – $264k
±10% around blend
Estimated value / SF
$66 / SF
Confidence
Property data
100
Comparable evidence
60
$216k
blend $240k
$264k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,628 SF
Lot area
0.97 ac
Year built
1929
Stories
1
APN
015 21
Zoning
GENERAL AGRICULTURE
Assessed value
$353,400
Annual tax
$1,261
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$240k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$353k
Move the market yield to see immediate price impact.
Value / SF
$97
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$22k
$445k
$318k
$247k
$25k
$495k
$353k
$275k
$27k
$544k
$389k
$302k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,261
Tax year 2023
Assessed value
$353,400
Assessed 2024
Previous assessed
$353,400
+0.0% YoY
Effective rate
0.36%
On assessed value
Assessed land
$70,000
Assessed improvement
$283,400
Land market value
$70,000
Improvement market value
$283,400
Total market value
$353,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1929
Heating
HOT WATER
Cooling
YES
Stories
1
Rooms
4
Bathrooms
3
Total area
3,628 SF
Lot
0.97 ac (42,297 SF)
Zoning code
GENERAL AGRICULTURE
APN
015 21
UPID
US87-3317457
Jurisdiction
AUGUSTA
Zoning & alternative use
GENERAL AGRICULTURE · Churchville, VAZoning GENERAL AGRICULTURE · permitted uses
GENERAL AGRICULTURE · Churchville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1929
Heating
HOT WATER
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
3
Lot
0.97 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GENERAL AGRICULTURE
Jurisdiction
Churchville, VA
Recorded code
GENERAL AGRICULTURE
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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