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Property profile & analytics
FOR LEASE
Office Spaces
224 N Main St Hopewell, VA 23860
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-1492359
For Lease
1 / 2
Contact for pricing
224 N Main St, Hopewell, VA 23860
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1923
Construction
TYPE NOT SPECIFIED
Total area
21,818 SF
Lot
0.21 ac (9,072 SF)
Zoning code
B1
APN
011-0295
UPID
US87-1492359
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
-
Burnett & Williams PC Law Firm
-
Ligon L Jones Insurance Services Inc. Insurance Agency
-
Hopewell Prince George Healthy Families Charitable Organization Social Service Agency
-
Broadway Barber Shop Barber Shop
-
Melanie Gardner Therapists Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$965k
Owner & transaction history
Cjw III LLC A Virginia Limited Liab · 8 yrs held
Cjw III LLC A Virginia Limited Liab
since 2018
3 recorded transactions
Zoning & alternative use
B1 · Hopewell, 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 Hopewell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopewell 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$44 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,587
Tax year 2024
Assessed value
$904,900
Assessed 2024
Previous assessed
$904,900
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$108,800
Assessed improvement
$796,100
Land market value
$108,800
Improvement market value
$796,100
Total market value
$904,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1923
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
3
Total area
21,818 SF
Lot
0.21 ac (9,072 SF)
Zoning code
B1
APN
011-0295
UPID
US87-1492359
Jurisdiction
HOPEWELL CITY
Zoning & alternative use
B1 · Hopewell, VAZoning B1 · permitted uses
B1 · Hopewell, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1923
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Cjw III LLC A Virginia Limited Liab
Entity
Free & Clear · 8 yrs held
Mailing address
1527 HUGUENOT RD #201, MIDLOTHIAN, VA 23113-2460
Ownership since
2018
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
Mar 8, 2018
$510,000
Cjw III LLC A Virginia Limited Liab
Blaha And Blaha LLC A Virginia Limi
Correction Deed
related
—
Jan 18, 2017
—
Cjw III LLC
—
Deed
related
$43,000 · Essex Bank
Mar 13, 2013
$510,000
Cjw III LLC
Blaha And Blaha L C
Warranty Deed
$433,500 · First Citizens Bank & Tru
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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