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Property profile & analytics
OFF-MARKET
Commercial real estate
500 Heatherwood Dr Boones Mill, VA 24065-4246
Individually Owned
Free & Clear
Property ID
US87-1583841
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1928
Total area
9,841 SF
Lot
0.98 ac (42,819 SF)
Zoning code
SM
APN
302 00-069 00
UPID
US87-1583841
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
-
GFW Construction Inc. Construction Company
-
Mark Templeton Gospel Music Music Venue Theater & Performing Art Venue
-
Mark & Karen Templeton Acoustic Music Music Venue Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David Christopher Stanley SR.
David Christopher Stanley SR.
since 2025
7 recorded transactions
Zoning & alternative use
SM · Boones Mill, 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 Boones Mill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boones Mill 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
Property tax & assessments
Assessed value
$389,600
Assessed 2023
Previous assessed
$389,600
+0.0% YoY
Assessed land
$29,500
Assessed improvement
$360,100
Land market value
$29,500
Improvement market value
$360,100
Total market value
$389,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1928
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
16
Bathrooms
4
Total area
9,841 SF
Lot
0.98 ac (42,819 SF)
Zoning code
SM
APN
302 00-069 00
UPID
US87-1583841
Jurisdiction
FRANKLIN
Zoning & alternative use
SM · Boones Mill, VA
Zoning SM · permitted uses
SM · Boones Mill, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boones Mill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
16
Bathrooms
4
Lot
0.98 ac
Current owner
From public records · entity-resolved
David Christopher Stanley SR.
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 48, BOONES MILL, VA 24065-0048
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
$41,500
David Christopher Stanley SR.
Heatherwood Properties INC
Deed
—
Jun 11, 2024
$43,500
David Christopher Stanley SR.
Heatherwood Properties INC
Deed
—
Mar 24, 2021
$112,000
Matthew Joseph Schock
Heatherwood Properties INC
Deed
$89,600 · Farm Credit Of The Virginias Aca
Oct 13, 2020
—
Heatherwood Props INC
—
Deed
related
$225,000 · American Nat'l Bk
Feb 19, 2019
$95,000
Heatherwood Props INC
Jones,allen R
Warranty Deed
$267,903 · American Nat'l Bk
Jul 23, 2010
—
Heatherwood Props INC
Frith,glenn C
Grant Deed
related
—
—
—
Heatherwood Props INC
—
Deed Of Trust
related
$225,000 · American Nat'l Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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