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Property profile & analytics
OFF-MARKET
Commercial real estate
507 Main St Franklin, VA 23851-1437
Individually Owned
3-yr Hold
Free & Clear
Property ID
US87-2049385
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Construction
FRAME
Total area
12,188 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B2
APN
107 04817 4
UPID
US87-2049385
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
-
American General Life & Retirement Insurance Agency
-
Mark Wright - Mutual of Omaha Insurance Agency
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
Darden W Jones JR · 3 yrs held
Darden W Jones JR
since 2023
Last sale
$105,216
2 recorded transactions
Zoning & alternative use
B2 · Franklin, 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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$2,723
Tax year 2019
Assessed value
$290,200
Assessed 2023
Previous assessed
$290,200
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$92,000
Assessed improvement
$198,200
Land market value
$92,000
Improvement market value
$198,200
Total market value
$290,200
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1945
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
12,188 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B2
APN
107 04817 4
UPID
US87-2049385
Jurisdiction
FRANKLIN CITY
Zoning & alternative use
B2 · Franklin, VAZoning B2 · permitted uses
B2 · Franklin, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1945
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Darden W Jones JR
Individual
Free & Clear · 3 yrs held
Mailing address
924 LARCHMONT CRES, NORFOLK, VA 23508-1434
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2023
$105,216
Darden W Jones JR
Linda L Jones
Special Warranty Deed
—
May 15, 2020
—
Linda L Jones
Estate Of Edgar Rawling Jones
Intrafamily Transfer
related
—
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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