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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Commercial real estate
71 Parkcrest Dr Hardy, VA 24101-2688
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1544276
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
40,454 SF
Lot
4.5 ac (196,020 SF)
Zoning code
SM
APN
030 00-001 03I
UPID
US87-1544276
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
-
Rock Outdoors (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
Easter Creek Partners LLC · 3 yrs held
Easter Creek Partners LLC
since 2022
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
SM · Hardy, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.9M
+386.1%
Restaurant
$3.3M
+305.9%
Apartment house (5+ units)
$3.0M
+273.1%
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 Hardy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hardy 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
$2,920,000
ML approach
$2,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,930,000
Change: +386% · Conversion: Easy
RESTAURANT
$3,280,000
Change: +306% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,015,000
Change: +273% · Conversion: Moderate
RETAIL STORES
$2,995,000
Change: +270% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,775,000
Change: +243% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,330,000
Change: +188% · Conversion: Difficult
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10% · vs last sale $2.70M (Oct 31 2022)
Last sale anchor
$2.70M
Oct 31 2022
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
$69 / 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
Property tax & assessments
Assessed value
$3,388,600
Assessed 2023
Previous assessed
$3,257,900
+4.0% YoY
Assessed land
$1,072,000
Assessed improvement
$2,316,600
Land market value
$1,072,000
Improvement market value
$2,316,600
Total market value
$3,388,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
1
Bathrooms
2
Total area
40,454 SF
Lot
4.5 ac (196,020 SF)
Zoning code
SM
APN
030 00-001 03I
UPID
US87-1544276
Jurisdiction
FRANKLIN
Zoning & alternative use
SM · Hardy, VAZoning SM · permitted uses
SM · Hardy, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
RETAIL STORES
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.3M
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
4.5 ac
Current owner
From public records · entity-resolved
Easter Creek Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1340 CREEKSHIRE WAY STE #210, WINSTON SALEM, NC 27103-3148
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Easter Creek Partners LLC
—
Deed
related
$6,000,000 · First Horizon Bank
Jul 31, 2023
—
Easter Creek Partners LLC
—
Deed
related
$6,000,000 · First Horizon Bank
Oct 31, 2022
$2,700,000
Easter Creek Partners LLC
Grand Property Of Virginia Lc
Deed
—
Mar 15, 2006
$1,050,000
Grand Property Of Virginia Lc
Westlake Corp
Grant 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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