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FOR SALE
Restaurants
2175 Hankey Mtn Hwy, Churchville, VA 24421-2811
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-3317457
For Sale
1 / 73
$349,000
2175 Hankey Mtn Hwy, Churchville, VA 24421-2811
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Property summary
AI-generated overview
This commercial building, previously operated as a restaurant, is situated on approximately 0.97 acres with about 225 feet of frontage on Rt. 250 and approximately 215 feet of frontage on Stover Shop Rd. The 2,468 square foot building includes a dining area, a commercial kitchen, two offices, one full bathroom, two half bathrooms, and a laundry area. A storage building is also located on the property. The building is powered by solar panels with generator backup. The property is located directly on Rt. 250, 13 miles from Staunton, and 16 miles from I-81. Harrisonburg, JMU, Shenandoah Valley Airport, Waynesboro and Charlottesville, VA are all within a short drive.
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
White's Wayside Restaurant
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
BASIC CITY, LLC
BASIC CITY, LLC
Zoning & alternative use
GENERAL AGRICULTURE · Churchville, 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 Churchville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Churchville 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 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
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
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, VA
Zoning GENERAL AGRICULTURE · permitted uses
GENERAL AGRICULTURE · Churchville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Churchville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Heating
HOT WATER
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
3
Lot
0.97 ac
Current owner
From public records · entity-resolved
BASIC CITY, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
317 MONTE VIS AVE, CHARLOTTESVILLE, VA 22903-4120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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