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Property profile & analytics
FOR LEASE
Warehouses
600 Hays Ave Staunton, VA 24401
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3067667
For Lease
1 / 3
$5.50 SF/Yr
600 Hays Ave, Staunton, VA 24401
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
216,870 SF
Lot
22.94 ac (999,397 SF)
Zoning code
I2
APN
8523
UPID
US87-3067667
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
-
Graphic Packaging Industrial Manufacturer Production Facility
-
Universal Impact Inc Industrial Manufacturer Production Facility
-
Livia Warehouse & Storage
-
Industrial Warehouse & Storage
-
Graphic Packaging Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.05M
Owner & transaction history
Queen City Logistics Center LLC · 4 yrs held
Queen City Logistics Center LLC
since 2021
Last sale
$7.8M
3 recorded transactions
Zoning & alternative use
I2 · Staunton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.2M
+36.0%
Auto repair, garage
$10.1M
+3.9%
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 Staunton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Staunton 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
$9,895,000
ML approach
$8,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,675,000
Current use
RETAIL STORES
$13,165,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,055,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$8.05M
Range $7.25M – $8.86M · ±10% · vs last sale $7.80M (Dec 29 2021)
Last sale anchor
$7.80M
Dec 29 2021
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
$37 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$39,504
Tax year 2023
Assessed value
$4,438,645
Assessed 2024
Previous assessed
$4,438,645
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$344,145
Assessed improvement
$4,094,500
Land market value
$344,145
Improvement market value
$4,094,500
Total market value
$4,438,645
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Stories
1
Total area
216,870 SF
Lot
22.94 ac (999,397 SF)
Zoning code
I2
APN
8523
UPID
US87-3067667
Jurisdiction
STAUNTON CITY
Zoning & alternative use
I2 · Staunton, VA
Zoning I2 · permitted uses
I2 · Staunton, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Staunton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.7M
RETAIL STORES
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$10.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
Stories
1
Lot
22.94 ac
Current owner
From public records · entity-resolved
Queen City Logistics Center LLC
Entity
Mailing address
108 5TH ST SE STE #303, CHARLOTTESVILLE, VA 22902-5284
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 2, 2024
—
Queen City Logistics Center LLC
—
Deed
related
$9,000,000 · Carter Bank & Trust
Jan 31, 2022
—
Queen City Logistics Center LLC
—
Deed
related
$5,460,000 · Keypoint Cu
Dec 29, 2021
$7,800,000
Queen City Logistics Center LLC
Livia Properties II LLC
Deed
$4,300,000 · Livia Properties II Lc
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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