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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Warehouses
3311 Riverside Dr Danville, VA 24541-3430
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1380215
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Total area
95,815 SF
Lot
4.19 ac (182,516 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
51741
UPID
US87-1380215
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
-
(Future) City Storage (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Sears Heating and Air Conditioning HVAC Service General Contractor
-
City Storage Danville Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.23M
Owner & transaction history
Vg Danville Storage LLC · 1 yrs held
Vg Danville Storage LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, 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 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
$3,290,000
ML approach
$3,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,720,000
Current use
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±10% · vs last sale $2.50M (May 2 2022)
Last sale anchor
$2.50M
May 2 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
$34 / 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
$12,846
Tax year 2021
Assessed value
$2,225,100
Assessed 2023
Previous assessed
$2,225,100
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$362,200
Assessed improvement
$1,862,900
Land market value
$362,200
Improvement market value
$1,862,900
Total market value
$2,225,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1963
Heating
YES
Cooling
YES
Stories
1
Total area
95,815 SF
Lot
4.19 ac (182,516 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
51741
UPID
US87-1380215
Jurisdiction
DANVILLE CITY
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VA
Zoning HIGHWAY RETAIL COMM · permitted uses
HIGHWAY RETAIL COMM · 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
WAREHOUSE, STORAGE Current
Est. value
$2.7M
WAREHOUSE, STORAGE Current
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
1963
Heating
YES
Cooling
Yes
Stories
1
Lot
4.19 ac
Current owner
From public records · entity-resolved
Vg Danville Storage LLC
Entity
Mailing address
1525 S FRNT ST, WILMINGTON, NC 28401-6119
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Vg Danville Storage LLC
—
Deed
related
$34,500,000 · Orix Re Holdings LLC
Jul 21, 2025
$9,530,000
Vg Danville Storage LLC
City Storage Danville LLC
Special Warranty Deed
—
Jun 10, 2024
—
City Storage Danville LLC
—
Deed
related
$4,000,000 · First American Tr Services Of Virginia L
Feb 24, 2023
—
City Storage Danville LLC
—
Deed
related
$3,600,000 · Surrey Bank And Trust
Oct 14, 2022
—
City Storage Danville LLC
—
Deed
related
$600,000 · Surrey Bank
Jun 21, 2022
—
City Storage Danville LLC
3311 Riverside Drive LLC
Correction Deed
related
—
May 2, 2022
$2,500,000
City Storage Danville LLC
3311 Riverside Drive LLC
Warranty Deed
$1,200,000 · Surrey Bank And Trust
Jan 4, 2021
$1,750,000
3311 Riverside Drive LLC
The Daniel Group INC
Warranty Deed
$1,487,500 · Surrey Bank And Trust
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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