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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Retail properties & Spaces
301 Lowes Dr Danville, VA 24540-5901
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-1488475
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2006
Construction
CONCRETE BLOCKS
Total area
20,000 SF
Lot
2.1 ac (91,476 SF)
Zoning code
PLANNED SHOPPING CENTER
APN
72415
UPID
US87-1488475
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
-
Badcock Home Furniture &more Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$2.40M
Owner & transaction history
National Retail Properties LP · 4 yrs held
National Retail Properties LP
since 2022
Last sale
$2.6M
1 recorded transaction
Zoning & alternative use
PLANNED SHOPPING CENTER · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+60.8%
Medical building
$2.6M
+58.5%
Commercial (general)
$1.7M
+4.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
$3,305,000
CAP Approach
CAP Return
Estimation
6%
$2,265,000
6.5%
$2,095,000
7%
$1,945,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,625,000
Current use
RESTAURANT
$2,615,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$2,575,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,700,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.59M (Apr 11 2022)
Last sale anchor
$2.59M
Apr 11 2022
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
$120 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$12,982
Tax year 2021
Assessed value
$1,690,800
Assessed 2023
Previous assessed
$1,690,800
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$359,100
Assessed improvement
$1,331,700
Land market value
$359,100
Improvement market value
$1,331,700
Total market value
$1,690,800
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
2006
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
1
Total area
20,000 SF
Lot
2.1 ac (91,476 SF)
Zoning code
PLANNED SHOPPING CENTER
APN
72415
UPID
US87-1488475
Jurisdiction
DANVILLE CITY
Zoning & alternative use
PLANNED SHOPPING CENTER · Danville, VA
Zoning PLANNED SHOPPING CENTER · permitted uses
PLANNED SHOPPING CENTER · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
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
2006
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 4 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
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
Apr 11, 2022
$2,587,156
National Retail Properties LP
W S Badcock Corp
Special 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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