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Property profile & analytics
OFF-MARKET
Estimated value
$26,950,000
Commercial real estate
360 Ringgold Industrial Pkwy Danville, VA 24540-5548
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2539240
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
312,528 SF
Lot
23.32 ac (1,015,819 SF)
Zoning code
M-1
APN
2338-41-4163
UPID
US87-2539240
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
-
Intertape Polymer Group Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.76M
Blend (final)
Blend
$26.95M
Owner & transaction history
Intertape Polymer Corp · 3 yrs held
Intertape Polymer Corp
since 2022
Last sale
$35.0M
1 recorded transaction
Zoning & alternative use
M-1 · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$40.8M
+53.8%
Medical building
$40.3M
+51.6%
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
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
COMMERCIAL (GENERAL)
$26,550,000
Current use
RESTAURANT
$40,840,000
Change: +54% · Conversion: Difficult
MEDICAL BUILDING
$40,260,000
Change: +52% · Conversion: Easy
RETAIL STORES
$25,400,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$26.95M
Range $24.26M – $29.65M · ±10% · vs last sale $34.98M (Aug 1 2022)
Last sale anchor
$34.98M
Aug 1 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
$86 / 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
$58,586
Tax year 2024
Assessed value
$10,461,700
Assessed 2023
Previous assessed
$8,478,000
+23.4% YoY
Effective rate
0.56%
On assessed value
Assessed land
$241,600
Assessed improvement
$10,220,100
Land market value
$241,600
Improvement market value
$10,220,100
Total market value
$10,461,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Total area
312,528 SF
Lot
23.32 ac (1,015,819 SF)
Zoning code
M-1
APN
2338-41-4163
UPID
US87-2539240
Jurisdiction
PITTSYLVANIA
Zoning & alternative use
M-1 · Danville, VA
Zoning M-1 · permitted uses
M-1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$26.6M
RESTAURANT
Est. value
$40.8M
MEDICAL BUILDING
Est. value
$40.3M
RETAIL STORES
Est. value
$25.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2004
Construction
STEEL FRAME
Lot
23.32 ac
Current owner
From public records · entity-resolved
Intertape Polymer Corp
Entity
Free & Clear · 3 yrs held
Mailing address
245 PARK AVE FL, NEW YORK, NY 10167-0002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
—
Intertape Polymer Corp
Industrial Development Authority Of
Special Warranty Deed
—
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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