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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Banks
345 Westlake Rd Hardy, VA 24101-3993
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1385897
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2009
Total area
10,272 SF
Lot
19.6 ac (853,645 SF)
Zoning code
PCD
APN
030 00-052 15
UPID
US87-1385897
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Runk & Pratt Of Sml LLC · 8 yrs held
Runk & Pratt Of Sml LLC
since 2017
2 recorded transactions
Zoning & alternative use
PCD · Hardy, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+49.2%
Restaurant
$835,000
+24.6%
Apartment house (5+ units)
$765,000
+14.5%
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 Hardy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hardy 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$670,000
Current use
OFFICE BUILDING
$1,000,000
Change: +49% · Conversion: Difficult
RESTAURANT
$835,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$765,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$760,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$590,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
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
$71 / 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
Property tax & assessments
Assessed value
$2,965,700
Assessed 2023
Previous assessed
$2,965,700
+0.0% YoY
Assessed land
$980,500
Assessed improvement
$1,985,200
Land market value
$980,500
Improvement market value
$1,985,200
Total market value
$2,965,700
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
10
Total area
10,272 SF
Lot
19.6 ac (853,645 SF)
Zoning code
PCD
APN
030 00-052 15
UPID
US87-1385897
Jurisdiction
FRANKLIN
Zoning & alternative use
PCD · Hardy, VAZoning PCD · permitted uses
PCD · Hardy, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$835,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$765,000
RETAIL STORES
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$590,000
FINANCIAL BUILDING Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
10
Lot
19.6 ac
Current owner
From public records · entity-resolved
Runk & Pratt Of Sml LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7 ALBEMARLE AVE SW, ROANOKE, VA 24016-4712
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2017
$392,040
Runk & Pratt Of Sml LLC
Carilion Clinic Properties LLC
Warranty Deed
—
Oct 26, 2010
—
Carilion Clinic Props LLC
Chs INC
Grant Deed
related
—
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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