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Property profile & analytics
OFF-MARKET
Turn key restaurants
850 Main St Chatham, VA 24531-4426
Individually Owned
Absentee Owner
Free & Clear
Property ID
US87-2515642
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1942
Construction
CONCRETE BLOCKS
Total area
2,625 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B-2
APN
2426-09-4204
UPID
US87-2515642
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
EMMETT LEE BANKS
EMMETT LEE BANKS
Zoning & alternative use
B-2 · Chatham, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The primary purpose of this district is to permit certain industries, which do not in any way detract from residential desirability, to locate in an area adjacent to residential uses
Zone name
Manufacturing And Industrial
General category
INDUSTRIAL
Zone area
326.42 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 Chatham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatham 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 2024Property tax & assessments
Tax year 2024
Tax billed
$479
Tax year 2024
Assessed value
$85,600
Assessed 2023
Previous assessed
$134,800
-36.5% YoY
Effective rate
0.56%
On assessed value
Assessed land
$25,000
Assessed improvement
$60,600
Land market value
$25,000
Improvement market value
$60,600
Total market value
$85,600
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
1942
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Rooms
7
Total area
2,625 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B-2
APN
2426-09-4204
UPID
US87-2515642
Jurisdiction
PITTSYLVANIA
Zoning & alternative use
B-2 · Chatham, VAZoning B-2 · permitted uses
B-2 · Chatham, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The primary purpose of this district is to permit certain industries, which do not in any way detract from residential desirability, to locate in an area adjacent to residential uses
Zone name
Manufacturing And Industrial
General category
INDUSTRIAL
Zone area
326.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1942
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Rooms
7
Lot
0.75 ac
Current owner
From public records · entity-resolved
EMMETT LEE BANKS
Individual
Free & Clear · 0 yrs held
Mailing address
2945 FOX ML RD, HERNDON, VA 20171-1527
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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