Property profile

511 Thompson St Ashland, VA 23005

OFF-MARKET
Commercial real estate
Property ID
US87-2319003
1,441 SF 1.37 ac lot Built 1900
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 1,441 SF
Lot 1.37 ac (59,677 SF)
Zoning code B-1
APN 7870-33-5244
UPID US87-2319003

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

511 Thompson St Ashland, VA 23005-1400
Ashland metro Census 320500 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$355k
Comparable Approach Comparable
$410k
Blend (final) Blend
$705k

Owner & transaction history

since 2025
Last sale
$540,000
1 recorded transaction
2025
$540,000

Zoning & alternative use

B-1 · Ashland, VA
Zoning description

The B-1, Central Business District is intended to implement the comprehensive plan goals of protecting the town's unique historical and architectural character, ensuring that new development is in keeping with the small-…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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