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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Commercial real estate
402 Main St Madison, VA 22727
Entity Owned
Free & Clear
Property ID
US87-2807354
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1852
Total area
6,424 SF
Lot
4 ac (174,240 SF)
Zoning code
R1
APN
39A 5
UPID
US87-2807354
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
-
Madison County Library Public Library
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$965k
Owner & transaction history
MADISON COUNTY LIBRARY
MADISON COUNTY LIBRARY
Zoning & alternative use
R1 · Madison, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
structure and/or building: _________ feet 20) P lease check which zoning district the parcel is located (If unknown, office staff can look this up for you): ☐Conservation (C-1) ☐Agricultural (A-1) ☐Residential, Limited (R-1) ☐Residential, General (R-2) ☐Residential, Multiple Family (R-3) ☐Business, General (B-1) ☐Industrial, Limited (M-1) ☐Industrial, Genera…
Zone name
Residential Limited
General category
RESIDENTIAL
Zone area
98.36 ac
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$150 / 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
Assessed value
$1,127,600
Assessed 2024
Previous assessed
$1,127,600
+0.0% YoY
Assessed land
$400,000
Assessed improvement
$727,600
Land market value
$400,000
Improvement market value
$727,600
Total market value
$1,127,600
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
1852
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
8
Total area
6,424 SF
Lot
4 ac (174,240 SF)
Zoning code
R1
APN
39A 5
UPID
US87-2807354
Jurisdiction
MADISON
Zoning & alternative use
R1 · Madison, VAZoning R1 · permitted uses
R1 · Madison, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
structure and/or building: _________ feet 20) P lease check which zoning district the parcel is located (If unknown, office staff can look this up for you): ☐Conservation (C-1) ☐Agricultural (A-1) ☐Residential, Limited (R-1) ☐Residential, General (R-2) ☐Residential, Multiple Family (R-3) ☐Business, General (B-1) ☐Industrial, Limited (M-1) ☐Industrial, General (M-2) 21) P lease indicate the proposed minimum setbacks: Front property line: __
Zone name
Residential Limited
General category
RESIDENTIAL
Zone area
98.36 ac
Building & site characteristics
From public records
Year built
1852
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Lot
4 ac
Current owner
From public records · entity-resolved
MADISON COUNTY LIBRARY
Individual
Free & Clear · 0 yrs held
Mailing address
402 N MAIN ST, MADISON, VA 22727
Mailing matches property
Yes
Owner-occupied
Yes
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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