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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Manufacturing properties
701 6th St Hopewell, VA 23860-3819
Entity Owned
Free & Clear
Property ID
US87-2210357
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
2010
Construction
TYPE NOT SPECIFIED
Total area
8,000 SF
Lot
52.79 ac (2,299,750 SF)
Zoning code
M2
APN
048-0175
UPID
US87-2210357
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
701hopewell Owner LLC
701hopewell Owner LLC
since 2026
6 recorded transactions
Zoning & alternative use
M2 · Hopewell, 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 Hopewell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopewell 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
$620,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
RESTAURANT
$825,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$810,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: 0% · Conversion: Easy
RETAIL STORES
$510,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$88 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$253,672
Tax year 2024
Assessed value
$21,681,400
Assessed 2024
Previous assessed
$21,681,400
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,599,500
Assessed improvement
$17,081,900
Land market value
$4,599,500
Improvement market value
$17,081,900
Total market value
$21,681,400
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
2010
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
8,000 SF
Lot
52.79 ac (2,299,750 SF)
Zoning code
M2
APN
048-0175
UPID
US87-2210357
Jurisdiction
HOPEWELL CITY
Zoning & alternative use
M2 · Hopewell, VA
Zoning M2 · permitted uses
M2 · Hopewell, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hopewell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$610,000
RETAIL STORES
Est. value
$510,000
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2010
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
52.79 ac
Current owner
From public records · entity-resolved
701hopewell Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1811 AKSARBEN DR, OMAHA, NE 68106-2279
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
—
701hopewell Owner LLC
Green Plains Hopewell LLC
Deed
related
—
Mar 5, 2026
$2,000,000
701hopewell Owner LLC
Greenplains Hopewell LLC
Deed
—
Dec 17, 2025
—
Green Plains Hopewell LLC
Cna Holdings LLC
Deed
related
—
Apr 11, 2018
—
Green Plains Hopewell LLC A Delawar
—
Deed
related
$10,294,965 · Bnp Paribas
Oct 27, 2015
$18,100,000
Green Plains Hopewell LLC
Future Fuels No 1 Lllp
Special Warranty Deed
—
Mar 13, 2013
—
Future Fuels No 1 LLP
Appomattox Bio Energy LLC
Special Warranty Deed
—
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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