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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
825 Edgemont Dr Covington, VA 24426-2759
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-2476917
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
18,696 SF
Lot
1.38 ac (60,069 SF)
Zoning code
M2
APN
38---A-----4-
UPID
US87-2476917
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
-
Jackson River Enterprises Inc Landscaping
-
Valmet C1 offsite storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$505k
Owner & transaction history
FRANSON COMMERCIAL INVESTMENTS LLC
FRANSON COMMERCIAL INVESTMENTS LLC
Zoning & alternative use
M2 · Covington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established for industrial uses that have noticeable characteristics like noise, glare, smoke, fumes, and odors. These uses are intended to be isolated from incompatible land uses like residential areas and are subject to monitoring for air and water quality
Zone name
Heavy Industry
General category
INDUSTRIAL
Zone area
359.48 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
Method
Estimation
Statistic approach
by Request
ML approach
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$27 / 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
$3,545
Tax year 2023
Assessed value
$417,100
Assessed 2023
Previous assessed
$558,300
-25.3% YoY
Effective rate
0.85%
On assessed value
Assessed land
$69,000
Assessed improvement
$348,100
Land market value
$69,000
Improvement market value
$348,100
Total market value
$417,100
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
2002
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
7
Total area
18,696 SF
Lot
1.38 ac (60,069 SF)
Zoning code
M2
APN
38---A-----4-
UPID
US87-2476917
Jurisdiction
COVINGTON CITY
Zoning & alternative use
M2 · Covington, VAZoning M2 · permitted uses
M2 · 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 industrial uses that have noticeable characteristics like noise, glare, smoke, fumes, and odors. These uses are intended to be isolated from incompatible land uses like residential areas and are subject to monitoring for air and water quality
Zone name
Heavy Industry
General category
INDUSTRIAL
Zone area
359.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
7
Lot
1.38 ac
Current owner
From public records · entity-resolved
FRANSON COMMERCIAL INVESTMENTS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
221 N MONROE AVE, COVINGTON, VA 24426-1409
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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