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Property profile & analytics
OFF-MARKET
Turn key restaurants
8373 Mary Ball Rd Lancaster, VA 22503-2519
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-2884995
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1790
Total area
2,962 SF
Lot
1.35 ac (58,850 SF)
Zoning code
R1
APN
15 86
UPID
US87-2884995
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joseph E Bauer · 3 yrs held
Joseph E Bauer
since 2023
Last sale
$25,000
7 recorded transactions
Zoning & alternative use
R1 · Lancaster, 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$1,260
Tax year 2023
Assessed value
$313,400
Assessed 2023
Previous assessed
$313,400
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$34,000
Assessed improvement
$279,400
Land market value
$34,000
Improvement market value
$279,400
Total market value
$313,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1790
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
7
Total area
2,962 SF
Lot
1.35 ac (58,850 SF)
Zoning code
R1
APN
15 86
UPID
US87-2884995
Jurisdiction
LANCASTER
Zoning & alternative use
R1 · Lancaster, VA
Zoning R1 · permitted uses
R1 · Lancaster, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1790
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
7
Lot
1.35 ac
Current owner
From public records · entity-resolved
Joseph E Bauer
Individual
Mailing address
41955 STUMPTOWN RD, LEESBURG, VA 20176-6072
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$25,000
Joseph E Bauer
Deborah Edgar
Warranty Deed
$24,000 · Party III
Mar 3, 2022
—
Estate Of James W Dennis
Elizabeth B Hurd
Correction Deed
related
—
Jul 30, 2021
$155,000
Deborah Edgar
The James W Dennis Estate
Warranty Deed
$55,000 · Party III
Jun 8, 2021
—
Elizabeth B Hurd
Cr Plus Enterprises LLC
Deed
—
Apr 2, 2020
—
Cr Plus Enterprises LLC
—
Deed
related
$315,000 · 3rd Party Individual
Nov 21, 2019
$320,000
Cr Plus Enterprises LLC
The Estate Of James W Dennis
Special Warranty Deed
—
Jan 3, 2008
$300,000
Lancaster Tavern LLC
Louis A Fletcher
Warranty Deed
$350,000 · Private
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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