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Property profile & analytics
OFF-MARKET
Estimated value
$5,655,000
Community centers
4985 Wellington Rd Gainesville, VA 20155-4052
Entity Owned
15-yr Hold
Free & Clear
Property ID
US87-1484770
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2009
Total area
14,736 SF
Lot
1.45 ac (63,031 SF)
Zoning code
MIXED
APN
7397-72-2428
UPID
US87-1484770
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Jill Vlasic, RPh Pharmacy
-
Minyan Lu Pharmacy
-
Dipenkumar Patel Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.66M
Comparable Approach
Comparable
$6.82M
Blend (final)
Blend
$5.66M
Owner & transaction history
High Ridge Ents INC · 15 yrs held
High Ridge Ents INC
since 2011
1 recorded transaction
Zoning & alternative use
MIXED · Gainesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.1M
+34.9%
Commercial (general)
$7.8M
+14.9%
Medical building
$7.7M
+12.9%
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 Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville 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%
$5,050,000
6.5%
$4,660,000
7%
$4,330,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,775,000
Current use
AUTO REPAIR, GARAGE
$9,135,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,785,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$7,650,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$7,325,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$5.66M
Range $5.09M – $6.22M · ±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
$384 / 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
$56,085
Tax year 2023
Assessed value
$5,390,200
Assessed 2023
Previous assessed
$5,344,100
+0.9% YoY
Effective rate
1.04%
On assessed value
Assessed land
$956,800
Assessed improvement
$4,433,400
Land market value
$956,800
Improvement market value
$4,433,400
Total market value
$5,390,200
Applied tax rate
5.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Total area
14,736 SF
Lot
1.45 ac (63,031 SF)
Zoning code
MIXED
APN
7397-72-2428
UPID
US87-1484770
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MIXED · Gainesville, VA
Zoning MIXED · permitted uses
MIXED · Gainesville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.7M
OFFICE BUILDING
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
2009
Heating
NONE
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
High Ridge Ents INC
Entity
Free & Clear · 15 yrs held
Mailing address
6805 HIGH FLDS LN, GLEN ROCK, PA 17327-7945
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2011
$4,560,000
High Ridge Ents INC
Gateway Center IV Lc
Grant 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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