New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Retail space
277 Lk Dr, Greenville, VA 24440-1522
Individually Owned
4-yr Hold
Free & Clear
Property ID
US87-3321640
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Total area
11,925 SF
Lot
88.53 ac (3,856,541 SF)
Zoning code
GENERAL AGRICULTURE
APN
089C 5 1
UPID
US87-3321640
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
-
Stoney Creek Resort and Campground Campground & RV Park
-
Billy S. Young's Blacktop Paving General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.19M
Owner & transaction history
Nathan T Simmons · 4 yrs held
Nathan T Simmons
since 2022
7 recorded transactions
Zoning & alternative use
GENERAL AGRICULTURE · Greenville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+83.3%
Office building
$915,000
+32.6%
Restaurant
$870,000
+26.1%
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 Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,265,000
Change: +83% · Conversion: Easy
OFFICE BUILDING
$915,000
Change: +33% · Conversion: Easy
RESTAURANT
$870,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$745,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$99 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,876
Tax year 2023
Assessed value
$3,968,600
Assessed 2024
Previous assessed
$3,968,600
+0.0% YoY
Effective rate
0.20%
On assessed value
Assessed land
$917,100
Assessed improvement
$3,051,500
Land market value
$917,100
Improvement market value
$3,051,500
Total market value
$3,968,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
NONE
Buildings
5
Stories
1
Rooms
6
Bathrooms
7
Total area
11,925 SF
Lot
88.53 ac (3,856,541 SF)
Zoning code
GENERAL AGRICULTURE
APN
089C 5 1
UPID
US87-3321640
Jurisdiction
AUGUSTA
Zoning & alternative use
GENERAL AGRICULTURE · Greenville, VA
Zoning GENERAL AGRICULTURE · permitted uses
GENERAL AGRICULTURE · Greenville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. 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
$915,000
RESTAURANT
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$745,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Rooms
6
Bathrooms
7
Lot
88.53 ac
Current owner
From public records · entity-resolved
Nathan T Simmons
Individual
Free & Clear · 4 yrs held
Mailing address
277 LK DR, GREENVILLE, VA 24440-1522
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
—
Sipapu LLC
—
Deed
related
$1,200,000 · Pendelton Community Bank
Mar 29, 2022
—
Nathan T Simmons
Nathan O Simmons
Gift Deed
related
—
Aug 26, 2016
—
Sipapu LLC
—
Deed
related
$942,000 · Farmers & Merchants Bank
Mar 22, 2012
—
Sipapu LLC
Charlie E Brooks
Quit Claim Deed
related
—
Mar 19, 2012
—
Sipapu LLC
Eric K Piner
Quit Claim Deed
related
—
Mar 8, 2012
—
Sipapu LLC
Painter Gordon
Quit Claim Deed
related
—
Mar 6, 2012
—
Sipapu LLC
Ernest H Cottoms
Quit Claim Deed
related
—
Mar 1, 2012
—
Sipapu LLC
Carolyn S Pence
Quit Claim Deed
related
—
May 3, 2011
—
Sipapu LLC
Charles T Blevins
Quit Claim Deed
related
—
Apr 5, 2011
—
Sipapu LLC
Johnny Matthews
Quit Claim Deed
related
—
Mar 22, 2010
—
Sipapu LLC
Lloyd F Nuckols JR
Quit Claim Deed
related
—
Mar 16, 2010
—
Sipapu LLC
William Schuh
Quit Claim Deed
related
—
Feb 12, 2010
—
Sipapu LLC
Phillip E Neff
Quit Claim Deed
related
—
Dec 23, 2009
—
Sipapu LLC
Vernon L Huffman
Quit Claim 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 277 Lk Dr?
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.
