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Property profile & analytics
FOR SALE
Office buildings
507 N Main St Kilmarnock, VA 22482
Individually Owned
3-yr Hold
Free & Clear
Property ID
US87-2473525
For Sale
1 / 23
$299,000
507 N Main St, Kilmarnock, VA 22482
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
672 SF
Lot
0.31 ac (13,460 SF)
Zoning code
C1
APN
23 84B
UPID
US87-2473525
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Politis Gust · 3 yrs held
Politis Gust
since 2023
Last sale
$145,000
3 recorded transactions
Zoning & alternative use
C1 · Kilmarnock, 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 Kilmarnock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kilmarnock 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 2023Property tax & assessments
Tax year 2023
Tax billed
$538
Tax year 2023
Assessed value
$85,400
Assessed 2023
Previous assessed
$85,400
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$53,800
Assessed improvement
$31,600
Land market value
$53,800
Improvement market value
$31,600
Total market value
$85,400
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1984
Heating
BASEBOARD
Cooling
NONE
Stories
1
Rooms
1
Total area
672 SF
Lot
0.31 ac (13,460 SF)
Zoning code
C1
APN
23 84B
UPID
US87-2473525
Jurisdiction
LANCASTER
Zoning & alternative use
C1 · Kilmarnock, VA
Zoning C1 · permitted uses
C1 · Kilmarnock, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kilmarnock. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
BASEBOARD
Cooling
Yes
Stories
1
Rooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Politis Gust
Individual
Free & Clear · 3 yrs held
Mailing address
3668 PRINCE RD, MARSHALL, VA 20115-3438
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
Jun 22, 2023
$145,000
Politis Gust
Jason L Dameron
Warranty Deed
—
Feb 10, 2023
$85,400
Jason L Dameron
Jim Dan Dee Seafood LLC
Warranty Deed
—
Jul 31, 2012
$134,000
Jim Dan Dee Seafood LLC
Leo P Petit
Warranty Deed
$128,000 · Private
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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