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Property profile & analytics
OFF-MARKET
Retail space
40 Depot St Chatham, VA 24531-3352
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-3018846
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Construction
WOOD
Total area
2,232 SF
Lot
0.52 ac (22,651 SF)
Zoning code
TZ
APN
2416-90-4628
UPID
US87-3018846
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
-
Chatham Shirts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kelly Real Estate LLC · 4 yrs held
Kelly Real Estate LLC
since 2022
Last sale
$51,500
3 recorded transactions
Zoning & alternative use
TZ · Chatham, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatham 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,177
Tax year 2024
Assessed value
$210,200
Assessed 2023
Previous assessed
$118,600
+77.2% YoY
Effective rate
0.56%
On assessed value
Assessed land
$20,000
Assessed improvement
$190,200
Land market value
$20,000
Improvement market value
$190,200
Total market value
$210,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Rooms
5
Bathrooms
2
Total area
2,232 SF
Lot
0.52 ac (22,651 SF)
Zoning code
TZ
APN
2416-90-4628
UPID
US87-3018846
Jurisdiction
PITTSYLVANIA
Zoning & alternative use
TZ · Chatham, VA
Zoning TZ · permitted uses
TZ · Chatham, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chatham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
2
Rooms
5
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Kelly Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
137 DAKOTA DR, DANVILLE, VA 24540-8185
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Kelly Real Estate LLC
—
Deed
related
$648,375 · Beacon Credit Union INC
Jun 27, 2022
$51,500
Kelly Real Estate LLC
David W Abbott
Warranty Deed
—
Feb 16, 2017
$15,000
David W Abbott
Robert H Whitt Substitute JR
Trustees 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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