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Property profile & analytics
OFF-MARKET
Commercial real estate
623 Orange Rd Pratts, VA 22731-9997
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2965537
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Total area
5,959 SF
Lot
1.9 ac (82,895 SF)
Zoning code
B1R1
APN
48 53
UPID
US87-2965537
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
-
United States Postal Service Post Office Logistics Service
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
Ronald N Hawkins · 21 yrs held
Ronald N Hawkins
since 2005
2 recorded transactions
Zoning & alternative use
B1R1 · Pratts, 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 Pratts submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pratts 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
Tax billed
$2,303
Tax year 2024
Assessed value
$311,200
Assessed 2024
Previous assessed
$311,200
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$85,600
Assessed improvement
$225,600
Land market value
$85,600
Improvement market value
$225,600
Total market value
$311,200
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1965
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
5,959 SF
Lot
1.9 ac (82,895 SF)
Zoning code
B1R1
APN
48 53
UPID
US87-2965537
Jurisdiction
MADISON
Zoning & alternative use
B1R1 · Pratts, VA
Zoning B1R1 · permitted uses
B1R1 · Pratts, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pratts. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Ronald N Hawkins
Individual
Free & Clear · 21 yrs held
Mailing address
2721 S SEMINOLE TRL, MADISON, VA 22727-2573
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2005
$250,000
Ronald N Hawkins
Nolan L Gibbs
Deed
—
Jan 27, 2005
—
Wanda G Heath
Nolan L Gibbs
Gift Deed
related
—
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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