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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Parking lots & garages
822 Richmond Ave Staunton, VA 24401-4955
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US87-2797430
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1998
Construction
WOOD
Total area
600 SF
Lot
0.75 ac (32,887 SF)
Zoning code
B2
APN
208
UPID
US87-2797430
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
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Ajs Motorplex LLC · 2 yrs held
Ajs Motorplex LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
B2 · Staunton, 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 Staunton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Staunton 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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Jun 14 2024)
Last sale anchor
$1.25M
Jun 14 2024
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
$2,083 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,189
Tax year 2023
Assessed value
$246,000
Assessed 2024
Previous assessed
$246,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$228,700
Assessed improvement
$17,300
Land market value
$228,700
Improvement market value
$17,300
Total market value
$246,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
600 SF
Lot
0.75 ac (32,887 SF)
Zoning code
B2
APN
208
UPID
US87-2797430
Jurisdiction
STAUNTON CITY
Zoning & alternative use
B2 · Staunton, VAZoning B2 · permitted uses
B2 · Staunton, 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
1998
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Ajs Motorplex LLC
Entity
Mailing address
1420 PLEASANT VW ST, STAUNTON, VA 24401-2055
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
$1,250,000
Ajs Motorplex LLC
Judy Y Jackson
Deed
$1,250,000 · Jeffrey Ward
Dec 6, 2022
$335,000
Justin Snyder
Micajah P Lacy
Deed
$324,950 · Dupont Community Cu
Nov 14, 2022
$375,000
Jeffrey Kahn
Wesley A Lavey
Deed
$356,250 · Nfm INC
Jul 14, 2020
—
Theodore G Shuey JR
—
Deed
related
$510,400 · Vbs Mortgage LLC
May 21, 2019
—
Leslie K Graham Revocable Trust
Robert L Graham Trust
Deed Of Distribution
—
Feb 1, 2018
—
Kevin H Lacey
—
Deed
related
$75,000 · First Bank
Nov 15, 2017
—
Kevin H Lacey
—
Deed
related
$75,000 · First Bank
Oct 11, 2017
$265,000
Robert L Trader JR
David F Miller
Deed
—
Dec 27, 2016
$178,500
Barbara J Kite
Kevin H Lacey INC
Deed
$182,337 · Bokf NA
Aug 19, 2009
—
Jonathan T Swearingen
Bell Cree Properties LLC
Deed
$175,000 · The First Bank And Trust Co
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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