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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Industrial properties
2329 Hoffman Cir Warrenton, VA 20187-7808
Entity Owned
9-yr Hold
Free & Clear
Property ID
US87-2023312
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2018
Total area
6,400 SF
Lot
1.25 ac (54,537 SF)
Zoning code
INDUSTRIAL PARK PROF
APN
6981-32-8633
UPID
US87-2023312
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$645k
Owner & transaction history
Rip6 LLC · 9 yrs held
Rip6 LLC
since 2017
7 recorded transactions
Zoning & alternative use
INDUSTRIAL PARK PROF · Warrenton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$980,000
+24.6%
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 Warrenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warrenton 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$785,000
Current use
MEDICAL BUILDING
$980,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$660,000
Change: -16% · Conversion: Easy
RESTAURANT
$635,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$101 / 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
$5,217
Tax year 2024
Assessed value
$551,800
Assessed 2024
Previous assessed
$551,800
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$187,500
Assessed improvement
$364,300
Land market value
$187,500
Improvement market value
$364,300
Total market value
$551,800
Applied tax rate
5.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Total area
6,400 SF
Lot
1.25 ac (54,537 SF)
Zoning code
INDUSTRIAL PARK PROF
APN
6981-32-8633
UPID
US87-2023312
Jurisdiction
FAUQUIER
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL PARK PROF · Warrenton, VA
Zoning INDUSTRIAL PARK PROF · permitted uses
INDUSTRIAL PARK PROF · Warrenton, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warrenton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$785,000
MEDICAL BUILDING
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$660,000
RESTAURANT
Est. value
$635,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RESTAURANT
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
2018
Heating
NONE
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Rip6 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
910 LAFAYETTE BLVD, FREDERICKSBURG, VA 22401-5617
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
—
Rip 6 LLC
—
Deed
related
$720,000 · Oak View Nat'l Bk
Jan 11, 2018
—
Rip6 LLC
—
Deed
related
$588,000 · Union Bank 7 Trust (ct)
Apr 5, 2017
$165,000
Rip6 LLC
Cwrs LLC
Grant Deed
—
May 13, 2016
—
Cwrs LLC
—
Deed
related
$1,275,000 · Oak View Nat'l Bk
Apr 19, 2013
—
Cwrs LLC
—
Deed Of Trust
related
$1,350,000 · Oak View Nat'l Bk
—
—
Cwrs LLC
—
Loan Modification
related
$1,275,000 · Oak View Nat'l Bk
—
—
Rip6 LLC
—
Deed Of Trust
related
$588,000 · Union Bank 7 Trust (ct)
—
—
Rip 6 LLC
—
Deed Of Trust
related
$720,000 · Oak View Nat'l Bk
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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