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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Office buildings
5024 Midland Rd Midland, VA 22728
Entity Owned
Free & Clear
Property ID
US87-1483813
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
1,288 SF
Lot
28.72 ac (1,250,956 SF)
Zoning code
INDUSTRIAL GENERAL
APN
7819-08-5767
UPID
US87-1483813
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
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$960k
Owner & transaction history
Pebble Run Associates LLC
Pebble Run Associates LLC
since 2025
7 recorded transactions
Zoning & alternative use
INDUSTRIAL GENERAL · Midland, 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 Midland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midland 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
$1,045,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$745 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,026
Tax year 2024
Assessed value
$1,061,800
Assessed 2024
Previous assessed
$1,061,800
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$861,600
Assessed improvement
$200,200
Land market value
$861,600
Improvement market value
$200,200
Total market value
$1,061,800
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,288 SF
Lot
28.72 ac (1,250,956 SF)
Zoning code
INDUSTRIAL GENERAL
APN
7819-08-5767
UPID
US87-1483813
Jurisdiction
FAUQUIER
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL GENERAL · Midland, VA
Zoning INDUSTRIAL GENERAL · permitted uses
INDUSTRIAL GENERAL · Midland, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
28.72 ac
Current owner
From public records · entity-resolved
Pebble Run Associates LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 505, MERRIFIELD, VA 22116-0505
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
Pebble Run Associates LLC
John F Armstrong III
Deed
—
Sep 21, 2023
$975,000
Pebble Run Associates LLC
F Ross Jones JR
Deed
$108,164 · First Virginia Community Bank
Sep 20, 2023
—
Debra B Jones
Armstrong Jones One LLC
Deed
—
Mar 9, 2017
$2,300,000
Armstrong-jones One LLC
Riverside Mulch INC
Grant Deed
$1,300,000 · Virginia Commerce Bk
Jun 20, 2011
—
Riverside Mulch INC
—
Deed Of Trust
related
$5,200,000 · First United Bank
Mar 10, 2006
—
Riverside Mulch INC
—
Deed Of Trust
related
$2,250,000 · First United Bank
Feb 11, 2005
$700,000
Riverside Mulch INC
Benjamin C Gravett Family L P Ll
Grant Deed
$500,000 · Benjamin C Gravette Family Lim P
Mar 15, 2000
$75,000
Benjamin C Fam L Gravett
Schwab,lloyd E
Grant Deed
$75,000 · Fauquier Bank
—
—
Riverside Mulch INC
—
Deed Of Trust
related
$1,848,565 · First United Bank
—
—
Riverside Mulch INC
—
Deed Of Trust
related
$250,000 · Branch Banking & Trust Co Va
—
—
Riverside Mulch INC
—
Deed Of Trust
related
$100,000 · Branch Banking & Trust Co Va
—
—
Riverside Mulch INC
—
Deed Of Trust
related
$500,000 · Grant County Bank
—
—
Riverside Mulch INC
—
Deed Of Trust
related
$4,200,000 · First United Bank
—
—
Riverside Mulch INC
—
Deed Of Trust
related
$3,000,000 · First United Bank
—
—
Riverside Mulch INC
—
Deed Of Trust
related
$800,000 · Grant County Bank
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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