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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Automotive properties
494 3rd Notched Mtn Hwy, Waynesboro, VA 22980-5939
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-3337988
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1964
Construction
FRAME
Total area
10,166 SF
Lot
33.11 ac (1,442,272 SF)
Zoning code
GENERAL AGRICULTURE
APN
077 30D
UPID
US87-3337988
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
-
Grey Pine Lodge Hotel & Motel
-
Hoover & Co Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$1.03M
Owner & transaction history
H2 Holdings LLC · 4 yrs held
H2 Holdings LLC
since 2021
Last sale
$995,000
3 recorded transactions
Zoning & alternative use
GENERAL AGRICULTURE · Waynesboro, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$995,000
+57.4%
Restaurant
$745,000
+17.4%
Apartment house (5+ units)
$720,000
+13.5%
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 Waynesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waynesboro 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
$1,050,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$635,000
Current use
COMMERCIAL (GENERAL)
$995,000
Change: +57% · Conversion: Moderate
RESTAURANT
$745,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$720,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $995k (Dec 2 2021)
Last sale anchor
$995k
Dec 2 2021
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
$101 / 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
$5,032
Tax year 2023
Assessed value
$1,055,600
Assessed 2024
Previous assessed
$1,055,600
+0.0% YoY
Effective rate
0.48%
On assessed value
Assessed land
$280,400
Assessed improvement
$775,200
Land market value
$280,400
Improvement market value
$775,200
Total market value
$1,055,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Stories
2
Units
24
Bathrooms
25
Total area
10,166 SF
Lot
33.11 ac (1,442,272 SF)
Zoning code
GENERAL AGRICULTURE
APN
077 30D
UPID
US87-3337988
Jurisdiction
AUGUSTA
Zoning & alternative use
GENERAL AGRICULTURE · Waynesboro, VA
Zoning GENERAL AGRICULTURE · permitted uses
GENERAL AGRICULTURE · Waynesboro, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waynesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$995,000
RESTAURANT
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$720,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1964
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
24
Bathrooms
25
Lot
33.11 ac
Current owner
From public records · entity-resolved
H2 Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
30 S WINDSONG CT, FISHERSVILLE, VA 22939-2175
Ownership since
2021
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
Dec 2, 2021
$995,000
H2 Holdings LLC
Uplfyt INC
Deed
—
Mar 29, 2018
$850,000
Uplyft INC
Binti Simran LLC
Deed
—
Nov 8, 2010
—
Binti Simran LLC
Bimal M Shah
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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