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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Banks
366 Piney Frst Rd Danville, VA 24540-4122
Individually Owned
3-yr Hold
Free & Clear
Property ID
US87-1688276
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2004
Construction
CONCRETE BLOCKS
Total area
6,185 SF
Lot
0.86 ac (37,462 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
50415
UPID
US87-1688276
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
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$950k
Blend (final)
Blend
$965k
Owner & transaction history
Danville-pittsylvania Community Ser · 3 yrs held
Danville-pittsylvania Community Ser
since 2022
Last sale
$975,000
1 recorded transaction
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
UDC April 2026
Top alternative use upside
Office building
$800,000
+5.5%
Commercial (general)
$790,000
+4.4%
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
$1,280,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$755,000
Current use
OFFICE BUILDING
$800,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$790,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $975k (Nov 29 2022)
Last sale anchor
$975k
Nov 29 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
$156 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$9,610
Tax year 2021
Assessed value
$1,114,000
Assessed 2023
Previous assessed
$1,114,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$87,700
Assessed improvement
$1,026,300
Land market value
$87,700
Improvement market value
$1,026,300
Total market value
$1,114,000
Applied tax rate
5,101,110.0000
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
2004
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
2
Rooms
5
Bathrooms
1
Total area
6,185 SF
Lot
0.86 ac (37,462 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
50415
UPID
US87-1688276
Jurisdiction
DANVILLE CITY
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VAZoning HIGHWAY RETAIL COMM · permitted uses
HIGHWAY RETAIL COMM · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
UDC April 2026
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$755,000
OFFICE BUILDING
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$790,000
MEDICAL BUILDING
Est. value
$680,000
FINANCIAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Danville-pittsylvania Community Ser
Individual
Free & Clear · 3 yrs held
Mailing address
245 HAIRSTON ST, DANVILLE, VA 24540-4137
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
Nov 29, 2022
$975,000
Danville-pittsylvania Community Ser
Valleystar Credit Union
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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