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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
2700 Main St Danville, VA 24540-2018
Individually Owned
3-yr Hold
Free & Clear
Property ID
US87-1513224
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1950
Construction
CONCRETE BLOCKS
Total area
5,594 SF
Lot
0.72 ac (31,363 SF)
Zoning code
NEIGHBORHOOD RETAIL COMME
APN
55064
UPID
US87-1513224
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
-
Asia's Tire Service (Bike/Boat/Book/etc) Store Auto Parts Store
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
Ralph Edgar Pierce · 3 yrs held
Ralph Edgar Pierce
since 2022
Last sale
$140,000
1 recorded transaction
Zoning & alternative use
NEIGHBORHOOD RETAIL COMME · Danville, 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 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
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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,101
Tax year 2021
Assessed value
$131,700
Assessed 2023
Previous assessed
$131,700
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$48,600
Assessed improvement
$83,100
Land market value
$48,600
Improvement market value
$83,100
Total market value
$131,700
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1950
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
2
Units
125
Total area
5,594 SF
Lot
0.72 ac (31,363 SF)
Zoning code
NEIGHBORHOOD RETAIL COMME
APN
55064
UPID
US87-1513224
Jurisdiction
DANVILLE CITY
Zoning & alternative use
NEIGHBORHOOD RETAIL COMME · Danville, VA
Zoning NEIGHBORHOOD RETAIL COMME · permitted uses
NEIGHBORHOOD RETAIL COMME · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
125
Lot
0.72 ac
Current owner
From public records · entity-resolved
Ralph Edgar Pierce
Individual
Free & Clear · 3 yrs held
Mailing address
221 PIERCE LN, CHATHAM, VA 24531-3259
Ownership since
2022
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
Dec 28, 2022
$140,000
Ralph Edgar Pierce
Jerry W Lowe
Warranty 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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