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Property profile & analytics
OFF-MARKET
Estimated value
$4,080,000
Industrial properties
901 Delphine Ave Waynesboro, VA 22980-5714
Entity Owned
13-yr Hold
Free & Clear
Property ID
US87-3085640
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1954
Construction
CONCRETE
Total area
301,338 SF
Lot
21.52 ac (937,411 SF)
Zoning code
H-I
APN
65 3 - B
UPID
US87-3085640
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
-
Specialty Fab & Manufacturing Industrial Manufacturer Production Facility
-
McClung Companies Fulfillment Center Warehouse & Storage
-
Ryder System Inc Stuarts Draft RPC Logistics Company Freight Service
-
Converge Signs Plus (Bike/Boat/Book/etc) Store Printing Service
-
REO Processing Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.08M
Owner & transaction history
Delphine Enterprise Manag LLC · 13 yrs held
Delphine Enterprise Manag LLC
since 2012
4 recorded transactions
Zoning & alternative use
H-I · Waynesboro, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district to provide an environment for industries that is unencumbered by nearby residential development. Unless separated by an arterial, the H-I district is not appropriate adjacent to any residential district
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
774.36 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 Waynesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waynesboro 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±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
$14 / 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
$94,337
Tax year 2023
Assessed value
$12,251,500
Assessed 2023
Previous assessed
$4,674,500
+162.1% YoY
Effective rate
0.77%
On assessed value
Assessed land
$679,200
Assessed improvement
$11,572,300
Land market value
$679,200
Improvement market value
$11,572,300
Total market value
$12,251,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
6
Total area
301,338 SF
Lot
21.52 ac (937,411 SF)
Zoning code
H-I
APN
65 3 - B
UPID
US87-3085640
Jurisdiction
WAYNESBORO CITY
Zoning & alternative use
H-I · Waynesboro, VAZoning H-I · permitted uses
H-I · Waynesboro, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district to provide an environment for industries that is unencumbered by nearby residential development. Unless separated by an arterial, the H-I district is not appropriate adjacent to any residential district
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
774.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
21.52 ac
Current owner
From public records · entity-resolved
Delphine Enterprise Manag LLC
Entity
Free & Clear · 13 yrs held
Mailing address
435 ESSEX AVE, WAYNESBORO, VA 22980-4000
Ownership since
2012
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
Dec 30, 2025
—
Delphine Enterprise Management LLC
—
Deed
related
$14,500,000 · Ridge View Lpo
Jan 14, 2022
—
Delphine Enterprise Management LLC
—
Deed
related
$4,900,000 · The First Bank And Trust Company
Sep 6, 2019
—
Delphine Enterprise Management LLC
—
Deed
related
$1,200,000 · Branch Banking & Trust Company
Sep 14, 2012
$1,350,000
Delphine Enterprise Manag LLC
Wayn-tex LLC
Special Warranty Deed
—
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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