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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Automotive properties
387 Lee Jackson Hwy Staunton, VA 24401-5505
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-3319590
Property summary
AI-generated overview
This 5,500 square foot commercial space boasts excellent visibility and frontage on Route 11 in Augusta County. Previously a car dealership, this versatile property is ideal for various uses, including equipment sales, car rentals, or a construction company (excluding auto sales/repair). The spacious layout includes a large showroom suitable for customer interaction or multiple workstations, up to eight private offices, a sizable kitchen/break area, ample storage, and a substantial workshop with a garage door. A large paved parking lot provides convenient parking for employees and customers. The property benefits from its location amongst other businesses and dealerships, ensuring high traffic counts. Zoned GB, this single-tenancy building offers immediate occupancy. The combination of high visibility, ample space, and convenient location makes this an exceptional opportunity for a variety of businesses. This property is ready for immediate occupancy.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1988
Total area
12,580 SF
Lot
2.09 ac (91,171 SF)
Zoning code
GENERAL BUSINESS
APN
065A 1 B 8
UPID
US87-3319590
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
-
Charlie Obaugh Mitsubishi Service and Body Shop Auto Repair Shop
-
Charlie Obaugh Mitsubishi Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$515k
Owner & transaction history
C & E PROPERTIES, L L C
C & E PROPERTIES, L L C
Zoning & alternative use
GENERAL BUSINESS · Staunton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$765,000
+30.9%
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 Staunton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Staunton 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$585,000
Current use
RETAIL STORES
$765,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$560,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$41 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,561
Tax year 2023
Assessed value
$1,628,100
Assessed 2024
Previous assessed
$1,628,100
+0.0% YoY
Effective rate
0.46%
On assessed value
Assessed land
$648,200
Assessed improvement
$979,900
Land market value
$648,200
Improvement market value
$979,900
Total market value
$1,628,100
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
3
Total area
12,580 SF
Lot
2.09 ac (91,171 SF)
Zoning code
GENERAL BUSINESS
APN
065A 1 B 8
UPID
US87-3319590
Jurisdiction
AUGUSTA
Zoning & alternative use
GENERAL BUSINESS · Staunton, VAZoning GENERAL BUSINESS · permitted uses
GENERAL BUSINESS · Staunton, 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
AUTO REPAIR, GARAGE Current
Est. value
$585,000
RETAIL STORES
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$560,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
2.09 ac
Current owner
From public records · entity-resolved
C & E PROPERTIES, L L C
Individual
Free & Clear · 0 yrs held
Mailing address
522 S ATLANTIC AVE, VIRGINIA BEACH, VA 23451-3615
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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