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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Industrial properties
5127 Catlett Rd Midland, VA 22728
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-1327043
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
4,800 SF
Lot
18.7 ac (814,485 SF)
Zoning code
INDUSTRIAL GENERAL
APN
7900-75-7124
UPID
US87-1327043
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
$535k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$720k
Owner & transaction history
Smith-midland Corp
Smith-midland Corp
3 recorded transactions
Zoning & alternative use
INDUSTRIAL GENERAL · Midland, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$720,000
+67.4%
Medical building
$685,000
+59.0%
Commercial (general)
$615,000
+43.0%
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
by Request
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$720,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +11% · Conversion: Moderate
WAREHOUSE, STORAGE
$470,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$150 / 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
$26,614
Tax year 2024
Assessed value
$2,820,800
Assessed 2024
Previous assessed
$2,820,800
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$714,600
Assessed improvement
$2,106,200
Land market value
$714,600
Improvement market value
$2,106,200
Total market value
$2,820,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
2
Rooms
12
Bathrooms
4
Total area
4,800 SF
Lot
18.7 ac (814,485 SF)
Zoning code
INDUSTRIAL GENERAL
APN
7900-75-7124
UPID
US87-1327043
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$720,000
MEDICAL BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
RETAIL STORES
Est. value
$475,000
WAREHOUSE, STORAGE
Est. value
$470,000
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1979
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
3
Rooms
12
Bathrooms
4
Lot
18.7 ac
Current owner
From public records · entity-resolved
Smith-midland Corp
Entity
Mailing address
PO BOX 300, MIDLAND, VA 22728-0300
Ownership since
—
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
—
—
Smith-midland Corp
—
Deed Of Trust
related
$2,100,000 · Summit Community Bank NA
—
—
Smith-midland Corp
—
Deed Of Trust
related
$575,000 · Summit Community Bank NA
—
—
Smith-midland Corp
—
Deed Of Trust
related
$240,000 · Summit Cmnty Bk
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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