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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Turn key restaurants
875 Piney Frst Rd Danville, VA 24540-2857
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-1390750
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Total area
7,012 SF
Lot
0.88 ac (38,333 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
51374
UPID
US87-1390750
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
-
O'Kelly's Deli & Pastries Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$690k
Owner & transaction history
Kelly Real Estate LLC · 4 yrs held
Kelly Real Estate LLC
since 2022
Last sale
$650,000
4 recorded transactions
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, 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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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
$855,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$915,000
Current use
MEDICAL BUILDING
$905,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $650k (Jun 16 2022)
Last sale anchor
$650k
Jun 16 2022
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
$98 / 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
$5,915
Tax year 2023
Assessed value
$704,200
Assessed 2023
Previous assessed
$704,200
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$181,900
Assessed improvement
$522,300
Land market value
$181,900
Improvement market value
$522,300
Total market value
$704,200
Applied tax rate
5,101,110.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Heating
YES
Cooling
YES
Stories
1
Units
161
Total area
7,012 SF
Lot
0.88 ac (38,333 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
51374
UPID
US87-1390750
Jurisdiction
DANVILLE CITY
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VA
Zoning HIGHWAY RETAIL COMM · permitted uses
HIGHWAY RETAIL COMM · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$915,000
MEDICAL BUILDING
Est. value
$905,000
RESTAURANT Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
1
Units
161
Lot
0.88 ac
Current owner
From public records · entity-resolved
Kelly Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1113 FRANKLIN TPKE, DANVILLE, VA 24540-1327
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
Kelly Real Estate LLC
Okellys LLC
Gift Deed
related
—
Jun 11, 2021
—
Okellys LLC
—
Deed
related
$288,600 · Valleystar Credit Union
Nov 22, 2019
—
Okellys LLC
—
Deed
related
$913,000 · Valleystar Credit Union
Jan 9, 2017
$650,000
Okellys LLC A Virginia Limited Liab
David A Long JR
Warranty Deed
$455,000 · Carter Bank & Trust
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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