Entity Owned Property summary
AI-generated overview
This 17.98-acre industrial land parcel in Nelson, Virginia, presents a significant redevelopment opportunity. Located on Tank Rd, Mecklenburg County (zip code 24580), the property boasts Heavy Industrial zoning, allowing for diverse processing, manufacturing, and storage uses. The site includes a 15,015 square foot building, which may be suitable for renovation or demolition. Existing access points along Route 49 provide convenient access to US Interstate 85. Extensive environmental remediation, completed in 2009 by the Virginia Department of Environmental Quality and the Environmental Protection Agency, ensures a clean slate for future development. The property's wooded area, primarily pine trees, offers potential additional income from timber sales. The large lot size facilitates expansion or new construction, making this an attractive prospect for end-users or investors seeking a substantial industrial footprint in a strategic location. The asking price is $539,400.
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1976
Total area
17,432 SF
Lot
17.99 ac (783,644 SF)
Zoning code
M1
APN
186A01-02--E
UPID
US87-2530981
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$675k
Owner & transaction history
Zoning & alternative use
M1 · Nelson, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$675k
Value range
$608k – $743k
±10% around blend
Estimated value / SF
$39 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$608k
blend $675k
$743k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,432 SF
Lot area
17.99 ac
Year built
1976
Stories
1
APN
186A01-02--E
Zoning
M1
Assessed value
$120,600
Annual tax
$482
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$618k
Range $618k – $1.83M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$675k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 128 sales
$67
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $39/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$121k
Move the market yield to see immediate price impact.
Value / SF
$7
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$8k
$152k
$109k
$84k
$8k
$169k
$121k
$94k
$9k
$186k
$133k
$103k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$482
Tax year 2023
Assessed value
$120,600
Assessed 2023
Previous assessed
$120,600
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$74,100
Assessed improvement
$46,500
Land market value
$74,100
Improvement market value
$46,500
Total market value
$120,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1976
Heating
NONE
Cooling
NONE
Stories
1
Total area
17,432 SF
Lot
17.99 ac (783,644 SF)
Zoning code
M1
APN
186A01-02--E
UPID
US87-2530981
Jurisdiction
MECKLENBURG
Zoning & alternative use
M1 · Nelson, VAZoning M1 · permitted uses
M1 · Nelson, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Cooling
Yes
Stories
1
Lot
17.99 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Nelson, VA
Recorded code
M1
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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