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Property profile & analytics
FOR SALE
Commercial real estate
8012 Hankins Industrial Park Toano, VA 23168
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1801749
For Sale
1 / 3
$3,175,000
8012 Hankins Industrial Park, Toano, VA 23168
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Total area
20,350 SF
Lot
2.62 ac (114,127 SF)
Zoning code
M2 GENERAL INDUSTRIAL
APN
12-4 01-0-0016-F
UPID
US87-1801749
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
-
Smithfield Specialty Foods Group Industrial Manufacturer Production Facility
-
Peanut Shop of Williamsburg Specialty Food Shop Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.55M
Blend (final)
Blend
$2.97M
Owner & transaction history
Freckle Bean LLC
Freckle Bean LLC
since 2026
Last sale
$2.9M
2 recorded transactions
Zoning & alternative use
M2 GENERAL INDUSTRIAL · Toano, 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 Toano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toano 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
$3,050,000
ML approach
$3,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10% · vs last sale $2.90M (Oct 31 2023)
Last sale anchor
$2.90M
Oct 31 2023
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
$146 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$11,030
Tax year 2019
Assessed value
$1,313,100
Assessed 2023
Previous assessed
$1,313,100
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$172,400
Assessed improvement
$1,140,700
Land market value
$172,400
Improvement market value
$1,140,700
Total market value
$1,313,100
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Year built
1991
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
20,350 SF
Lot
2.62 ac (114,127 SF)
Zoning code
M2 GENERAL INDUSTRIAL
APN
12-4 01-0-0016-F
UPID
US87-1801749
Jurisdiction
JAMES CITY
Zoning & alternative use
M2 GENERAL INDUSTRIAL · Toano, VAZoning M2 GENERAL INDUSTRIAL · permitted uses
M2 GENERAL INDUSTRIAL · Toano, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.62 ac
Current owner
From public records · entity-resolved
Freckle Bean LLC
Entity
Mailing address
200 COMMERCE ST, SMITHFIELD, VA 23430-1204
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2026
$2,715,259
Freckle Bean LLC
Tpsw LLC
Special Warranty Deed
$2,100,000 · First Community Bank
Oct 31, 2023
$2,900,000
Smithfield Farmland Corp
Smithfield Packaged Meats Corp
Special Warranty Deed
$3,145,266 · Atlantic Union 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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