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Property profile & analytics
OFF-MARKET
Office buildings
601 Dogwood Ave Grottoes, VA 24441-1747
Entity Owned
Free & Clear
Property ID
US87-3137303
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Total area
100 SF
Lot
0.07 ac (3,006 SF)
Zoning code
MED DENSITY RESIDENT DIST
APN
160D1-(1)-B 86 L27
UPID
US87-3137303
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
-
Town of Grottoes City Government Office
-
Grottoes Police Department Police Department
-
Grottoes Town Treasurer City Tax Office
-
Grottoes Branch Library Public Library
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
GROTTOES TOWN
GROTTOES TOWN
Zoning & alternative use
MED DENSITY RESIDENT DIST · Grottoes, 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 Grottoes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grottoes 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 2024Property tax & assessments
Tax year 2024
Assessed value
$1,964,700
Assessed 2024
Previous assessed
$1,964,700
+0.0% YoY
Assessed land
$10,000
Assessed improvement
$1,954,700
Land market value
$10,000
Improvement market value
$1,954,700
Total market value
$1,964,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1924
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
9
Bathrooms
2
Total area
100 SF
Lot
0.07 ac (3,006 SF)
Zoning code
MED DENSITY RESIDENT DIST
APN
160D1-(1)-B 86 L27
UPID
US87-3137303
Jurisdiction
ROCKINGHAM
Zoning & alternative use
MED DENSITY RESIDENT DIST · Grottoes, VAZoning MED DENSITY RESIDENT DIST · permitted uses
MED DENSITY RESIDENT DIST · Grottoes, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1924
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
GROTTOES TOWN
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 146, GROTTOES, VA 24441-0146
Mailing matches property
Yes
Owner-occupied
Yes
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
No recorded transactions
No recorded transactions found for this property.
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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