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Property profile & analytics
OFF-MARKET
Estimated value
$3,240,000
Warehouses
501 Craghead St Danville, VA 24541-1419
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1541144
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Construction
BRICK
Total area
154,823 SF
Lot
1.9 ac (82,764 SF)
Zoning code
TOBACCO WAREHOUSE COMM
APN
21355
UPID
US87-1541144
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.32M
Blend (final)
Blend
$3.24M
Owner & transaction history
501 Craghead LLC · 3 yrs held
501 Craghead LLC
since 2023
Last sale
$3.2M
3 recorded transactions
Zoning & alternative use
TOBACCO WAREHOUSE COMM · Danville, 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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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
$2,925,000
ML approach
$3,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,395,000
Current use
Blend value · Realmo final
$3.24M
Range $2.92M – $3.56M · ±10% · vs last sale $3.20M (Jan 31 2023)
Last sale anchor
$3.20M
Jan 31 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
$21 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$6,080
Tax year 2021
Assessed value
$732,600
Assessed 2023
Previous assessed
$732,600
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$70,400
Assessed improvement
$662,200
Land market value
$70,400
Improvement market value
$662,200
Total market value
$732,600
Applied tax rate
5,101,110.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
NONE
Cooling
NONE
Stories
5
Total area
154,823 SF
Lot
1.9 ac (82,764 SF)
Zoning code
TOBACCO WAREHOUSE COMM
APN
21355
UPID
US87-1541144
Jurisdiction
DANVILLE CITY
Zoning & alternative use
TOBACCO WAREHOUSE COMM · Danville, VA
Zoning TOBACCO WAREHOUSE COMM · permitted uses
TOBACCO WAREHOUSE COMM · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
WAREHOUSE, STORAGE Current
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
1920
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
5
Lot
1.9 ac
Current owner
From public records · entity-resolved
501 Craghead LLC
Entity
Mailing address
1630 POPE AVE, RICHMOND, VA 23227-3754
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
Dec 8, 2023
—
501 Craghead LLC
—
Deed
related
$12,050,000 · Townebank
Jan 31, 2023
$3,200,000
501 Craghead LLC
Im Real Estate Holdings LLC
Warranty Deed
$2,850,000 · Townebank
Jan 19, 2007
$725,000
Imperial Danville LLC
Southeastern Textile Machinery
Warranty 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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