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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Warehouses
36 Lucas Rd, Fishersville, VA 22939-2335
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-3299553
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
9,100 SF
Lot
0.96 ac (41,600 SF)
Zoning code
GENERAL INDUSTRIAL
APN
066D 3 5
UPID
US87-3299553
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
-
Commonwealth Promotional (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Michael Shane Clatterbaugh · 2 yrs held
Michael Shane Clatterbaugh
since 2024
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
GENERAL INDUSTRIAL · Fishersville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$935,000
+122.4%
Office building
$915,000
+117.6%
Restaurant
$665,000
+58.0%
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 Fishersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fishersville 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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Change: +122% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: +118% · Conversion: Difficult
RESTAURANT
$665,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Mar 15 2024)
Last sale anchor
$1.00M
Mar 15 2024
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
$110 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,469
Tax year 2024
Assessed value
$474,900
Assessed 2024
Previous assessed
$474,900
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$80,000
Assessed improvement
$394,900
Land market value
$80,000
Improvement market value
$394,900
Total market value
$474,900
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
1988
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
9,100 SF
Lot
0.96 ac (41,600 SF)
Zoning code
GENERAL INDUSTRIAL
APN
066D 3 5
UPID
US87-3299553
Jurisdiction
AUGUSTA
Zoning & alternative use
GENERAL INDUSTRIAL · Fishersville, VA
Zoning GENERAL INDUSTRIAL · permitted uses
GENERAL INDUSTRIAL · Fishersville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fishersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$935,000
OFFICE BUILDING
Est. value
$915,000
RESTAURANT
Est. value
$665,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1988
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Michael Shane Clatterbaugh
Individual
Mailing address
1983 JEFFERSON HWY, FISHERSVILLE, VA 22939-2239
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$1,000,000
Michael Shane Clatterbaugh
Bluestone Leasing Group LLC
Bargain And Sale Deed
$850,000 · First Citizens Bank & Trust Company
Oct 18, 2017
—
Bluestone Leasing Group LLC
—
Deed
related
$433,500 · United Bank
Nov 20, 2012
$375,000
C P E Properties LLC A Virginia Lim
Vmk LLC A Virginia Limited Liabilit
Warranty Deed
$300,000 · Dupont Community Credit Union
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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