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Property profile & analytics
OFF-MARKET
Office buildings
710 Locust St Covington, VA 24426-1515
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-2931222
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Total area
4,900 SF
Lot
0.81 ac (35,153 SF)
Zoning code
M1
APN
13---A-----6-
UPID
US87-2931222
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
-
Waco Inc. Construction Company General Contractor
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
PRIMOCON INC
PRIMOCON INC
Zoning & alternative use
M1 · Covington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established for wholesale activities, warehouses, and light industrial operations. The intent is that these uses will not create significant compatibility issues with other land uses and will have minimal noise, glare, smoke, dust, and fumes
Zone name
Light Industry
General category
INDUSTRIAL
Zone area
73.98 ac
Source
Realmo
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 Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covington 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,015
Tax year 2023
Assessed value
$354,700
Assessed 2023
Previous assessed
$455,500
-22.1% YoY
Effective rate
0.85%
On assessed value
Assessed land
$35,200
Assessed improvement
$319,500
Land market value
$35,200
Improvement market value
$319,500
Total market value
$354,700
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
8
Total area
4,900 SF
Lot
0.81 ac (35,153 SF)
Zoning code
M1
APN
13---A-----6-
UPID
US87-2931222
Jurisdiction
COVINGTON CITY
Zoning & alternative use
M1 · Covington, VAZoning M1 · permitted uses
M1 · Covington, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is established for wholesale activities, warehouses, and light industrial operations. The intent is that these uses will not create significant compatibility issues with other land uses and will have minimal noise, glare, smoke, dust, and fumes
Zone name
Light Industry
General category
INDUSTRIAL
Zone area
73.98 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2016
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
8
Lot
0.81 ac
Current owner
From public records · entity-resolved
PRIMOCON INC
Entity
Free & Clear · 0 yrs held
Mailing address
5450 LEWIS RD, SANDSTON, VA 23150-1922
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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