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561 Belle Cir, Harrisonburg, VA 22801
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Property summary
AI-generated overview
This exceptional 50,000-square-foot industrial warehouse in Harrisonburg, Virginia, presents a significant opportunity. The single-tenant building features eight 6,250-square-foot bays, offering efficient layout and ample space. Column spacing is approximately 30 feet side-to-side and 40 feet front-to-back, maximizing usability. Clear height ranges from 23 to 27.7 feet, accommodating various storage and operational needs. The property boasts robust infrastructure, including nine dock-high doors (two with levelers), one drive-in door (11.6' wide x 13.6' tall), propane heat, LED lighting, and 600-amp power. The warehouse is currently fully racked, and the owner may be willing to sell the racking to a suitable tenant. Its strategic location provides easy access to Interstate 81, via exits 243 (Harrisonburg) and 240 (Mount Crawford), ensuring seamless logistics and distribution. The property is zoned I1 and situated in Rockingham County. This is a Net, Net, Net (NNN) lease opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Lot
6 ac (261,447 SF)
Zoning code
GEN INDUSTRIAL DIST
APN
124F-(2)- L9
UPID
US87-3144799
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
since 2019
1 recorded transaction
Zoning & alternative use
GEN INDUSTRIAL DIST · Harrisonburg, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$505k
Value range
$455k – $556k
±10% around blend
Confidence
Property data
88
Comparable evidence
60
$455k
blend $505k
$556k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
6 ac
Year built
2003
Stories
1
APN
124F-(2)- L9
Zoning
GEN INDUSTRIAL DIST
Assessed value
$3,291,300
Annual tax
$22,381
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$505k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.29M
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$207k
$4.15M
$2.96M
$2.30M
$230k
$4.61M
$3.29M
$2.56M
$253k
$5.07M
$3.62M
$2.82M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,381
Tax year 2024
Assessed value
$3,291,300
Assessed 2024
Previous assessed
$3,291,300
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$360,100
Assessed improvement
$2,931,200
Land market value
$360,100
Improvement market value
$2,931,200
Total market value
$3,291,300
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2003
Heating
SPACE
Cooling
NONE
Stories
1
Lot
6 ac (261,447 SF)
Zoning code
GEN INDUSTRIAL DIST
APN
124F-(2)- L9
UPID
US87-3144799
Jurisdiction
ROCKINGHAM
Zoning & alternative use
GEN INDUSTRIAL DIST · Harrisonburg, VAZoning GEN INDUSTRIAL DIST · permitted uses
GEN INDUSTRIAL DIST · Harrisonburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2003
Heating
SPACE
Cooling
Yes
Stories
1
Lot
6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GEN INDUSTRIAL DIST
Jurisdiction
Harrisonburg, VA
Recorded code
GEN INDUSTRIAL DIST
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GEN INDUSTRIAL DIST in Harrisonburg, VA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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