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Property profile & analytics
OFF-MARKET
Estimated value
$4,425,000
Assisted living facilities
2960 Chelsea Rd West Point, VA 23181-9793
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-2122271
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
WOOD
Total area
23,465 SF
Lot
14.12 ac (615,067 SF)
Zoning code
R-1
APN
63A6 1 191
UPID
US87-2122271
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.43M
Owner & transaction history
Three Rivers Snf Realty LLC · 3 yrs held
Three Rivers Snf Realty LLC
since 2023
Last sale
$4.4M
3 recorded transactions
Zoning & alternative use
R-1 · West Point, 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 West Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Point 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
$4,550,000
ML approach
$4,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,945,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.43M
Range $3.98M – $4.87M · ±10% · vs last sale $4.42M (Mar 10 2023)
Last sale anchor
$4.42M
Mar 10 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
$189 / 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
$9,084
Tax year 2023
Assessed value
$3,364,500
Assessed 2023
Previous assessed
$3,355,500
+0.3% YoY
Effective rate
0.27%
On assessed value
Assessed land
$856,000
Assessed improvement
$2,508,500
Land market value
$856,000
Improvement market value
$2,508,500
Total market value
$3,364,500
Applied tax rate
4.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
78
Total area
23,465 SF
Lot
14.12 ac (615,067 SF)
Zoning code
R-1
APN
63A6 1 191
UPID
US87-2122271
Jurisdiction
KING WILLIAM
Zoning & alternative use
R-1 · West Point, VA
Zoning R-1 · permitted uses
R-1 · West Point, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.9M
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
1987
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
78
Lot
14.12 ac
Current owner
From public records · entity-resolved
Three Rivers Snf Realty LLC
Entity
Mailing address
265 E MERRICK RD STE #205, VALLEY STREAM, NY 11580-6004
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2025
—
Three Rivers Snf Realty LLC
—
Deed
related
$50,288,000 · Greystone Funding Company LLC
Mar 10, 2023
$4,424,999
Three Rivers Snf Realty LLC
2960 Chelsea Road Snf Real Estate L
Special Warranty Deed
$50,288,000 · Signature Bank
Feb 5, 2021
$4,206,562
2960 Chelsea Road Snf Real Estate L
Riverside Healthcare Association In
Special Warranty Deed
$22,180,000 · Metropolitan Commercial Bank
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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