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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Industrial properties
221 Progress Pkwy Franklin, VA 23851-4153
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-2207852
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
LIGHT FRAME
Total area
135,311 SF
Lot
14.65 ac (638,154 SF)
Zoning code
M2
APN
170 186 7
UPID
US87-2207852
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
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Golden 221 LLC · 6 yrs held
Golden 221 LLC
since 2019
3 recorded transactions
Zoning & alternative use
M2 · Franklin, 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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
by Request
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10%
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
$9 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$45,954
Tax year 2019
Assessed value
$3,076,600
Assessed 2023
Previous assessed
$3,076,600
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$322,300
Assessed improvement
$2,754,300
Land market value
$322,300
Improvement market value
$2,754,300
Total market value
$3,076,600
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
LIGHT FRAME
Heating
FORCED AIR
Cooling
PARTIAL
Stories
1
Rooms
17
Bathrooms
4
Total area
135,311 SF
Lot
14.65 ac (638,154 SF)
Zoning code
M2
APN
170 186 7
UPID
US87-2207852
Jurisdiction
FRANKLIN CITY
Zoning & alternative use
M2 · Franklin, VA
Zoning M2 · permitted uses
M2 · Franklin, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
LIGHT FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
17
Bathrooms
4
Lot
14.65 ac
Current owner
From public records · entity-resolved
Golden 221 LLC
Entity
Mailing address
2150 JOSHUAS PATH STE #205, HAUPPAUGE, NY 11788-4765
Ownership since
2019
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
Dec 16, 2019
$3,050,000
Golden 221 LLC
Lb-ubs 2007-c6 221 Progress Parkway
Special Warranty Deed
$2,440,000 · Citibank NA
May 15, 2014
$4,670,000
Lb Ubs 2007 C6 221 Progress Pk
Pardo Drazin Auctioneers LLC S
Trustees Deed
related
—
Oct 18, 2006
$1,650,000
Acjcs LLC
Industrial Dev Authority Of Th
Warranty Deed
$5,250,000 · Branch Banking & Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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