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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Strip malls
2940 Clinch St Richlands, VA 24641-2140
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-2198966
Property summary
AI-generated overview
This exceptional 18,000+/- square foot flex space, located at 2940 Clinch Street, Unit H, in Richlands, Virginia, offers unparalleled versatility for a wide range of businesses. Situated on Highway 460, this property boasts convenient access to major transportation routes, facilitating efficient logistics and distribution. The unit features a spacious open layout, easily adaptable to various needs, including industrial, flex, or retail uses. A well-designed vestibule houses two offices, providing a dedicated administrative area. Essential amenities such as restrooms are included. Loading docks at the rear of the unit ensure smooth shipping and receiving operations. This strategic location provides easy access to major cities including Charlotte, NC
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Total area
163,985 SF
Lot
13.6 ac (592,329 SF)
APN
105A3A 0023
UPID
US87-2198966
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
-
Sandees Sassy Scissors Hair Salon Nail Salon
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Subway Take-out & Catering
-
CVS Pharmacy Pharmacy
-
CDReload at CVS Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
Kroger Limited Partnership · 2 yrs held
Kroger Limited Partnership
since 2023
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
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 Richlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richlands 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
$1,545,000
ML approach
$1,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.50M (Sep 8 2023)
Last sale anchor
$1.50M
Sep 8 2023
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
$9 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$9,611
Tax year 2019
Assessed value
$1,657,000
Assessed 2023
Previous assessed
$1,657,000
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$637,100
Assessed improvement
$1,019,900
Land market value
$637,100
Improvement market value
$1,019,900
Total market value
$1,657,000
Applied tax rate
7.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1960
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
163,985 SF
Lot
13.6 ac (592,329 SF)
APN
105A3A 0023
UPID
US87-2198966
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
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
1960
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
13.6 ac
Current owner
From public records · entity-resolved
Kroger Limited Partnership
Entity
Free & Clear · 2 yrs held
Mailing address
141 ATLANTA RD, CUMMING, GA 30040-2607
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
—
Kroger Limited Partnership
Richlands Mall Associates Limited
Lease
—
Sep 8, 2023
$1,500,000
Raol LLC
Richland Mall Associates
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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