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Property profile & analytics
OFF-MARKET
Retail space
2501 Elon Rd Madison Heights, VA 24572
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2586379
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
FRAME
Total area
3,270 SF
Lot
0.96 ac (42,035 SF)
Zoning code
V1
APN
121 A 33
UPID
US87-2586379
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jmb Investment Company LLC · 6 yrs held
Jmb Investment Company LLC
since 2020
Last sale
$220,000
4 recorded transactions
Zoning & alternative use
V1 · Madison Heights, 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 Madison Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,238
Tax year 2024
Assessed value
$203,000
Assessed 2024
Previous assessed
$203,000
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$60,000
Assessed improvement
$143,000
Land market value
$60,000
Improvement market value
$143,000
Total market value
$203,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Stories
1
Rooms
3
Total area
3,270 SF
Lot
0.96 ac (42,035 SF)
Zoning code
V1
APN
121 A 33
UPID
US87-2586379
Jurisdiction
AMHERST
Zoning & alternative use
V1 · Madison Heights, VAZoning V1 · permitted uses
V1 · Madison Heights, 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
1964
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Rooms
3
Lot
0.96 ac
Current owner
From public records · entity-resolved
Jmb Investment Company LLC
Entity
Mailing address
7105 MEADOWBROOK RD, LYNCHBURG, VA 24502-2005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2021
—
V & N Properties Va LLC
—
Deed
related
$340,000 · Atlantic Union Bank
May 29, 2020
$220,000
Jmb Investment Company LLC
Ronnie D Smith
Warranty Deed
$1,152,000 · Mountain Commerce Bank
Jan 3, 2019
$324,000
V & N Properties Va LLC
Afak LLC
Warranty Deed
$259,600 · Union Bank & Trust
Jul 5, 2007
—
Afak LLC
Ronnie D Smith
Deed
$120,000 · Ronnie D Smith
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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