Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Retail space
2623 Main St Danville, VA 24540-2357
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-0377365
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
CONCRETE BLOCKS
Total area
6,000 SF
Lot
0.56 ac (24,394 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
60002
UPID
US87-0377365
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
-
Best Home Medical Inc Pharmacy
-
River City Accounting Services LLC Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$660k
Owner & transaction history
Wright-warren LLC · 2 yrs held
Wright-warren LLC
since 2023
4 recorded transactions
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
UDC April 2026
Top alternative use upside
Restaurant
$785,000
+60.8%
Medical building
$775,000
+58.5%
Commercial (general)
$510,000
+4.5%
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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
RESTAURANT
$785,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$775,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$510,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$110 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,010
Tax year 2021
Assessed value
$486,300
Assessed 2023
Previous assessed
$486,300
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$41,500
Assessed improvement
$444,800
Land market value
$41,500
Improvement market value
$444,800
Total market value
$486,300
Applied tax rate
5,101,110.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
CONCRETE BLOCKS
Heating
YES
Stories
1
Total area
6,000 SF
Lot
0.56 ac (24,394 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
60002
UPID
US87-0377365
Jurisdiction
DANVILLE CITY
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VAZoning HIGHWAY RETAIL COMM · permitted uses
HIGHWAY RETAIL COMM · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
UDC April 2026
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$490,000
RESTAURANT
Est. value
$785,000
MEDICAL BUILDING
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$510,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2003
Construction
CONCRETE BLOCKS
Heating
YES
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Wright-warren LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2601 N MAIN ST, DANVILLE, VA 24540-2330
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2023
—
Wright-warren LLC
Kirby Wright
Deed
—
Jun 27, 2022
—
Kirby Wright
—
Deed
related
$200,000 · American National Bank And Trust Company
Nov 29, 2021
—
Kirby Wright
—
Deed
related
$739,000 · American National Bank And Trust Company
May 17, 2013
$400,000
Va Bank And Trust Co
Stephen G Bass
Trustees Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2623 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
