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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office Spaces
635 Main St, Danville, VA 24541-1319
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US87-1699148
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1922
Construction
CONCRETE BLOCKS
Total area
5,168 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
21375
UPID
US87-1699148
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
-
Jones & Associates Tax Preparation
-
Beauty Land Supply (Bike/Boat/Book/etc) Store Cosmetic Store
-
Smw Inc Tax Preparation
-
Prescott Financial Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$441k
Blend (final)
Blend
$545k
Owner & transaction history
Jp Financial Center LLC · 9 yrs held
Jp Financial Center LLC
since 2016
1 recorded transaction
Zoning & alternative use
CENTRAL BUSINESS DISTRICT · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$675,000
+53.8%
Medical building
$665,000
+51.6%
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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$440,000
Current use
RESTAURANT
$675,000
Change: +54% · Conversion: Difficult
MEDICAL BUILDING
$665,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$105 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,707
Tax year 2021
Assessed value
$209,000
Assessed 2023
Previous assessed
$209,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$24,600
Assessed improvement
$184,400
Land market value
$24,600
Improvement market value
$184,400
Total market value
$209,000
Applied tax rate
5,101,110.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1922
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
2
Units
8191
Total area
5,168 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
21375
UPID
US87-1699148
Jurisdiction
DANVILLE CITY
Zoning & alternative use
CENTRAL BUSINESS DISTRICT · Danville, VA
Zoning CENTRAL BUSINESS DISTRICT · permitted uses
CENTRAL BUSINESS DISTRICT · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$440,000
RESTAURANT
Est. value
$675,000
MEDICAL BUILDING
Est. value
$665,000
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1922
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
8191
Lot
0.19 ac
Current owner
From public records · entity-resolved
Jp Financial Center LLC
Entity
Mailing address
635 MAIN ST, DANVILLE, VA 24541-1319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2016
—
Jp Financial Center LLC
—
Deed
related
$160,000 · First National Bank
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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