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Property profile & analytics
OFF-MARKET
Estimated value
$14,910,000
Warehouses
4017 Old Woodlawn St Hopewell, VA 23860-6529
Entity Owned
4-yr Hold
Property ID
US87-1476269
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
WOOD
Total area
95,603 SF
Lot
1.99 ac (86,728 SF)
Zoning code
B4
APN
095-0225
UPID
US87-1476269
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.85M
CAP Approach
CAP
$13.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.91M
Owner & transaction history
Extra Space Properties Two LLC · 4 yrs held
Extra Space Properties Two LLC
since 2022
Last sale
$17.5M
3 recorded transactions
Zoning & alternative use
B4 · Hopewell, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.8M
+116.7%
Commercial (general)
$9.7M
+112.8%
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 Hopewell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopewell 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
$14,745,000
ML approach
$10,845,000
CAP Approach
CAP Return
Estimation
6%
$15,130,000
6.5%
$13,965,000
7%
$12,970,000
Alternative Use
Use
Estimation
RESTAURANT
$9,830,000
Change: +117% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,655,000
Change: +113% · Conversion: Difficult
Blend value · Realmo final
$14.91M
Range $13.42M – $16.40M · ±10% · vs last sale $17.50M (Jul 1 2022)
Last sale anchor
$17.50M
Jul 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
$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 2024Property tax & assessments
Tax year 2024
Tax billed
$119,080
Tax year 2024
Assessed value
$10,177,800
Assessed 2024
Previous assessed
$10,177,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$498,600
Assessed improvement
$9,679,200
Land market value
$498,600
Improvement market value
$9,679,200
Total market value
$10,177,800
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
3
Rooms
2
Bathrooms
1
Total area
95,603 SF
Lot
1.99 ac (86,728 SF)
Zoning code
B4
APN
095-0225
UPID
US87-1476269
Jurisdiction
HOPEWELL CITY
Zoning & alternative use
B4 · Hopewell, VA
Zoning B4 · permitted uses
B4 · Hopewell, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hopewell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.7M
RESTAURANT
COMMERCIAL (GENERAL)
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
2
Bathrooms
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Extra Space Properties Two LLC
Entity
Mailing address
2795 E COTTONWOOD PKWY, SALT LAKE CITY, UT 84121-7032
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
Jul 1, 2022
$17,500,000
Extra Space Properties Two LLC
Amin Ss 1 LLC
Special Warranty Deed
—
Mar 19, 2019
—
Amin Ss 1 LLC
Amin Land Holdings LLC
Quit Claim Deed
related
$8,597,775 · Fvcbank
Nov 14, 2018
$5,000
Amin Land Holdings LLC
Riley E Ingram SR.
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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