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Property profile & analytics
OFF-MARKET
Banks
661 Arnett Blvd Danville, VA 24540-2506
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1368219
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1964
Total area
2,744 SF
Lot
0.55 ac (23,958 SF)
Zoning code
NEIGHBORHOOD RETAIL COMME
APN
1902
UPID
US87-1368219
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
-
11 & 1 Productions Music Venue Theater & Performing Art Venue
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Bleu Suites Real Estate Agency
-
Beyond Taxes, LLC Tax Preparation
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
Bleu Enterprises LLC · 3 yrs held
Bleu Enterprises LLC
since 2023
Last sale
$190,000
7 recorded transactions
Zoning & alternative use
NEIGHBORHOOD RETAIL COMME · Danville, VA
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
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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,780
Tax year 2021
Assessed value
$250,600
Assessed 2023
Previous assessed
$250,600
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$28,100
Assessed improvement
$222,500
Land market value
$28,100
Improvement market value
$222,500
Total market value
$250,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1964
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
150
Total area
2,744 SF
Lot
0.55 ac (23,958 SF)
Zoning code
NEIGHBORHOOD RETAIL COMME
APN
1902
UPID
US87-1368219
Jurisdiction
DANVILLE CITY
Zoning & alternative use
NEIGHBORHOOD RETAIL COMME · Danville, VAZoning NEIGHBORHOOD RETAIL COMME · permitted uses
NEIGHBORHOOD RETAIL COMME · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
UDC April 2026
Building & site characteristics
From public records
Year built
1964
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
150
Lot
0.55 ac
Current owner
From public records · entity-resolved
Bleu Enterprises LLC
Entity
Mailing address
322 RAMBLER DR, DANVILLE, VA 24541-2612
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2024
—
Leu Enterprises LLC
—
Deed
related
$301,000 · Velocity Commercial Capital LLC
May 19, 2023
$190,000
Bleu Enterprises LLC
Heidi B Irvin
Warranty Deed
$160,000 · Pinnacle Bank
Sep 4, 2019
—
Lemuel E Irvin III
—
Deed
related
$152,214 · First Citizens Bank & Trust Company
Jul 11, 2018
—
Lemuel E Irvin III
—
Deed
related
$77,000 · First Citizens Bank & Trust Company
Feb 25, 2009
$125,000
Lemuel E Irvin III
Ib Property Holdings LLC
Special Warranty Deed
$212,197 · American National Bank An
Nov 14, 2007
$179,900
Ib Property Holdings LLC
Specialized INC Sub Tr
Trustees Deed
related
—
May 17, 2007
$168,000
David K Fuller
H Carl Reynolds
Warranty Deed
$23,000 · Private
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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