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Property profile & analytics
OFF-MARKET
Office buildings
342 Main St Harrisonburg, VA 22801-3628
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US87-3085629
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
792 SF
Lot
0.45 ac (19,441 SF)
Zoning code
B1C
APN
026 K 3
UPID
US87-3085629
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
-
Hoover Penrod PLC Law Firm
-
Hoover Penrod PLC | Richard A. Baugh Law Firm
-
Hoover Penrod PLC | Laura S. Evick Law Firm
-
Hoover Penrod PLC | John N. Crist Law Firm
-
Hoover Penrod PLC | Grant D. Penrod Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Granville Eugene Bare JR · 9 yrs held
Granville Eugene Bare JR
since 2017
7 recorded transactions
Zoning & alternative use
B1C · Harrisonburg, 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 Harrisonburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrisonburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,292
Tax year 2021
Assessed value
$810,200
Assessed 2021
Previous assessed
$810,200
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$213,800
Assessed improvement
$596,400
Land market value
$213,800
Improvement market value
$596,400
Total market value
$810,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Stories
2
Total area
792 SF
Lot
0.45 ac (19,441 SF)
Zoning code
B1C
APN
026 K 3
UPID
US87-3085629
Jurisdiction
HARRISONBURG CITY
Zoning & alternative use
B1C · Harrisonburg, VA
Zoning B1C · permitted uses
B1C · Harrisonburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harrisonburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Granville Eugene Bare JR
Individual
Mailing address
342 S MAIN ST, HARRISONBURG, VA 22801-3628
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2017
—
Granville Eugene Bare JR
Tammy Rae Stroop
Intrafamily Transfer
related
$380,000 · Farmers & Merchants Bank
Apr 24, 2015
$90,000
Edward P Kelly
Alvin F Henry JR
Deed
$72,000 · Farmers & Merchants Bank
Mar 26, 2013
$50,000
Jessica C Pettit
Jessica Pettit
Quit Claim Deed
related
$60,000 · Farmers & Merchants Bank
Mar 13, 2013
$165,000
John D Sonifrank
Elaine K Cline
Quit Claim Deed
related
$148,500 · Farmers & Merchants Bank
Oct 25, 2012
—
Anne Leake Frzizer
James D Frazier JR
Intrafamily Transfer
related
$249,568 · John G Leake Etal
Oct 24, 2012
$165,000
Pedro Hernandez Moreno
Randall E Reiderman
Deed
$90,000 · Farmers & Merchants Bank
Oct 18, 2012
$91,250
Linda Zerambo Lutz
Jimmy D Russell
Deed
$56,250 · Bokf NA
Nov 22, 2011
$140,000
Lauren A Brunk
David Paul Kirby
Deed
$132,100 · David Kirby Etal
Dec 29, 2009
—
Jolyn LLC
Mark L Bolton
Deed
$650,000 · Farmers & Merchants Bank
Dec 16, 2009
—
D M Builder LLC
Associated Developers LLC
Deed
$175,000 · Farmers & Merchants Bank
Oct 2, 2009
$300,000
Randy Wayne Long
Charles D Clinedinst
Deed
$290,000 · John Crist
Aug 10, 2009
—
Marco Etchebarne
John T Barber
Deed
$187,000 · Farmers & Merchants Bank
Apr 6, 2009
—
Darryl Lee Lohr
Darryl Lee Lohr
Intrafamily Transfer
related
$90,000 · Farmers & Mechanics Bank
Sep 2, 2008
—
Abbas A Rawoot
Alvin J Landes
Deed
$252,000 · Alvin J Landes And Etal
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.
Try Rey
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