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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Gas stations
423 Main St Bridgewater, VA 22812-1623
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-2451560
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1947
Lot
0.52 ac (22,608 SF)
Zoning code
GENERAL BUSINESS DIST
APN
122A2-(14)- L1
UPID
US87-2451560
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
-
Creative Art Studio and Event Center Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Industrial Development Authority · 3 yrs held
Industrial Development Authority
since 2023
Last sale
$550,000
3 recorded transactions
Zoning & alternative use
GENERAL BUSINESS DIST · Bridgewater, 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 Bridgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgewater 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
$565,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $550k (Jul 10 2023)
Last sale anchor
$550k
Jul 10 2023
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
—
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
$203,100
Assessed 2024
Previous assessed
$203,100
+0.0% YoY
Assessed land
$103,800
Assessed improvement
$99,300
Land market value
$103,800
Improvement market value
$99,300
Total market value
$203,100
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1947
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
3
Lot
0.52 ac (22,608 SF)
Zoning code
GENERAL BUSINESS DIST
APN
122A2-(14)- L1
UPID
US87-2451560
Jurisdiction
ROCKINGHAM
Zoning & alternative use
GENERAL BUSINESS DIST · Bridgewater, VA
Zoning GENERAL BUSINESS DIST · permitted uses
GENERAL BUSINESS DIST · Bridgewater, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgewater. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Industrial Development Authority
Entity
Free & Clear · 3 yrs held
Mailing address
201 GRN ST, BRIDGEWATER, VA 22812-1125
Ownership since
2023
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 10, 2023
$550,000
Industrial Development Authority
Ehl Development LLC
Deed
—
Oct 19, 2017
$250,000
Ehl Development LLC
Rocca Ventures INC
Deed
$225,000 · Summit Community Bank
Oct 14, 2009
—
Rocca Ventures INC
Valley Oil Corporation
Deed
$178,500 · Cornerstone Bank NA
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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