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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Commercial real estate
9312 Winterberry Ave Covington, VA 24426-6236
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-1522083
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Total area
71,703 SF
Lot
14.01 ac (610,276 SF)
Zoning code
M1
APN
04200-00-000-009D
UPID
US87-1522083
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
-
Sonoco Products Co Industrial Manufacturer Factory
-
Schaefer rolls Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.82M
Owner & transaction history
GLA IV LLC
GLA IV LLC
Zoning & alternative use
M1 · Covington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established for wholesale activities, warehouses, and light industrial operations. The intent is that these uses will not create significant compatibility issues with other land uses and will have minimal noise, glare, smoke, dust, and fumes
Zone name
Light Industry
General category
INDUSTRIAL
Zone area
73.98 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 Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covington 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
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±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
$25 / 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
Property tax & assessments
Assessed value
$1,251,100
Assessed 2023
Previous assessed
$1,251,100
+0.0% YoY
Assessed land
$230,200
Assessed improvement
$1,020,900
Land market value
$230,200
Improvement market value
$1,020,900
Total market value
$1,251,100
Applied tax rate
5.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
2
Bathrooms
2
Total area
71,703 SF
Lot
14.01 ac (610,276 SF)
Zoning code
M1
APN
04200-00-000-009D
UPID
US87-1522083
Jurisdiction
ALLEGHANY
Zoning & alternative use
M1 · Covington, VAZoning M1 · permitted uses
M1 · Covington, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is established for wholesale activities, warehouses, and light industrial operations. The intent is that these uses will not create significant compatibility issues with other land uses and will have minimal noise, glare, smoke, dust, and fumes
Zone name
Light Industry
General category
INDUSTRIAL
Zone area
73.98 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
14.01 ac
Current owner
From public records · entity-resolved
GLA IV LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1411 VIRGINIA ST E STE #100, CHARLESTON, WV 25301-3086
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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