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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Medical Office Space
927 Main St Danville, VA 24541-4001
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1659137
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1947
Construction
CONCRETE BLOCKS
Total area
7,678 SF
Lot
1.2 ac (52,272 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
21088
UPID
US87-1659137
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
-
Bellezza Aesthetics Center Hair Salon Nail Salon
-
Heist Cynthia S MD Physician Medical Clinic
-
Dr. Frederick C. Maute, MD Physician Medical Clinic
-
Premier Aesthetics & Procedural Medicine Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$935k
Owner & transaction history
Kim Nester Holdings LLC · 2 yrs held
Kim Nester Holdings LLC
since 2023
Last sale
$950,000
1 recorded transaction
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
UDC April 2026
Top alternative use upside
Restaurant
$1.0M
+1.4%
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
$870,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Current use
RESTAURANT
$1,005,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $950k (Oct 31 2023)
Last sale anchor
$950k
Oct 31 2023
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
$122 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$6,247
Tax year 2021
Assessed value
$753,500
Assessed 2023
Previous assessed
$753,500
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$86,300
Assessed improvement
$667,200
Land market value
$86,300
Improvement market value
$667,200
Total market value
$753,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1947
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
1
Units
345
Total area
7,678 SF
Lot
1.2 ac (52,272 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
21088
UPID
US87-1659137
Jurisdiction
DANVILLE CITY
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VAZoning 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
Source
UDC April 2026
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$990,000
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING Current
RESTAURANT
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
1947
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
345
Lot
1.2 ac
Current owner
From public records · entity-resolved
Kim Nester Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
927 S MAIN ST, DANVILLE, VA 24541-4001
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$950,000
Kim Nester Holdings LLC
Dwc Associates
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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