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Property profile & analytics
OFF-MARKET
Estimated value
$11,335,000
Commercial real estate
24010 Partnership Blvd Ruther Glen, VA 22546-2545
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2312426
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
71,252 SF
Lot
9.98 ac (434,685 SF)
Zoning code
B1
APN
82-21-I
UPID
US87-2312426
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
-
Virginia 1st Agricultural Association
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.28M
Blend (final)
Blend
$11.34M
Owner & transaction history
Partnership Blvd Properties LLC · 2 yrs held
Partnership Blvd Properties LLC
since 2024
6 recorded transactions
Zoning & alternative use
B1 · Ruther Glen, 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 Ruther Glen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ruther Glen 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
$11.34M
Range $10.20M – $12.47M · ±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
$159 / 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
$86,508
Tax year 2024
Assessed value
$11,234,800
Assessed 2024
Previous assessed
$11,234,800
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,065,000
Assessed improvement
$10,169,800
Land market value
$1,065,000
Improvement market value
$10,169,800
Total market value
$11,234,800
Applied tax rate
2.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
HEAT PUMP
Cooling
YES
Stories
2
Rooms
50
Bathrooms
8
Total area
71,252 SF
Lot
9.98 ac (434,685 SF)
Zoning code
B1
APN
82-21-I
UPID
US87-2312426
Jurisdiction
CAROLINE
Zoning & alternative use
B1 · Ruther Glen, VA
Zoning B1 · permitted uses
B1 · Ruther Glen, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ruther Glen. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
50
Bathrooms
8
Lot
9.98 ac
Current owner
From public records · entity-resolved
Partnership Blvd Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7203 SUDLEY RD, MANASSAS, VA 20109-2612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
Partnership Blvd Properties LLC
Carmel Church Properties LLC
Correction Deed
related
—
Sep 21, 2023
—
Partnership Blvd Properties LLC
—
Deed
related
$2,383,125 · The Freedom Bank Of Virginia
Jul 31, 2023
—
Partnership Blvd Properties LLC
Carmel Church Properties LLC
Correction Deed
related
—
Dec 3, 2009
—
Carmel Ch Properties LLC
Carmel Church Props LLC
Quit Claim Deed
related
—
Jul 11, 2007
—
Carmel Church Properties LLC
—
Grant Deed
related
$12,500,000 · Union Bk&tr
Mar 16, 2006
$2,255,000
Carmel Ch Properties LLC
Farmers Cooperative I Culpeper
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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