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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Banks
2469 George Wash Memorial Hwy Gloucester, VA 23061
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1787588
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1979
Total area
6,892 SF
Lot
1.21 ac (52,708 SF)
Zoning code
B-1
APN
22995
UPID
US87-1787588
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Thuy Vong Ha · 3 yrs held
Thuy Vong Ha
since 2023
Last sale
$850,000
1 recorded transaction
Zoning & alternative use
B-1 · Gloucester, 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 Gloucester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gloucester 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
$875,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,345,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,080,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$825,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$750,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: 0% · Conversion: Difficult
RESTAURANT
$640,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$585,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (May 16 2023)
Last sale anchor
$850k
May 16 2023
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
$123 / 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
$9,998
Tax year 2024
Assessed value
$1,686,070
Assessed 2024
Previous assessed
$1,686,070
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$357,560
Assessed improvement
$1,328,510
Land market value
$357,560
Improvement market value
$1,328,510
Total market value
$1,686,070
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
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1979
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Total area
6,892 SF
Lot
1.21 ac (52,708 SF)
Zoning code
B-1
APN
22995
UPID
US87-1787588
Jurisdiction
GLOUCESTER
Zoning & alternative use
B-1 · Gloucester, VA
Zoning B-1 · permitted uses
B-1 · Gloucester, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gloucester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$825,000
RETAIL STORES
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$745,000
RESTAURANT
Est. value
$640,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$585,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1979
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Thuy Vong Ha
Individual
Mailing address
210 SHANNON DR, NEWPORT NEWS, VA 23608-3349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
$850,000
Thuy Vong Ha
Wells Fargo Bank NA
Special Warranty Deed
$300,000 · Chesapeake Bank
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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