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Property profile & analytics
OFF-MARKET
Office buildings
271 Main St Covington, VA 24426-1542
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-2507101
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1905
Total area
728 SF
Lot
0.06 ac (2,396 SF)
Zoning code
C1
APN
10---2----86B
UPID
US87-2507101
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
-
Next Level Hearing Care - Covington | We have now merged with our Lexington location Hearing Aid Store Audiologist
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
AJ PROPERTY HOLDINGS LLC
AJ PROPERTY HOLDINGS LLC
Zoning & alternative use
C1 · Covington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district, is to provide areas for employment activity and businesses that do not conflict with nearby residential districts
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
46.15 ac
Source
Realmo
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 Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covington 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 2023Property tax & assessments
Tax year 2023
Tax billed
$303
Tax year 2023
Assessed value
$35,600
Assessed 2023
Previous assessed
$35,300
+0.8% YoY
Effective rate
0.85%
On assessed value
Assessed land
$7,200
Assessed improvement
$28,400
Land market value
$7,200
Improvement market value
$28,400
Total market value
$35,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1905
Heating
CENTRAL
Cooling
NONE
Stories
1
Rooms
1
Total area
728 SF
Lot
0.06 ac (2,396 SF)
Zoning code
C1
APN
10---2----86B
UPID
US87-2507101
Jurisdiction
COVINGTON CITY
Zoning & alternative use
C1 · Covington, VAZoning C1 · permitted uses
C1 · Covington, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district, is to provide areas for employment activity and businesses that do not conflict with nearby residential districts
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
46.15 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1905
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
AJ PROPERTY HOLDINGS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
35 WATERVIEW BLVD STE #200, PARSIPPANY, NJ 07054-7602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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