Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
966 Glendale Rd Galax, VA 24333
Entity Owned
Free & Clear
Property ID
US87-3245079
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1951
Zoning code
R3
APN
18- 6
UPID
US87-3245079
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
TWIN COUNTY LAUNDRY INC
TWIN COUNTY LAUNDRY INC
Zoning & alternative use
R3 · Galax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rict § 160-29 Purpose. § 160-30 Permitted uses. § 160-31 Conditional uses. § 160-32 Area. § 160-33 Setbacks. § 160-34 Frontage. § 160-35 Yards. § 160-36 Height. § 160-37 Lot coverage. Article V Residential High-Density (R-3 District) § 160-38 Purpose. § 160-39 Permitted uses. § 160-40 Conditional uses. § 160-41 Area. § 160-42 Setbacks. § 160-43 Frontage. § 1…
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
42.76 ac
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 Galax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Galax 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,199
Tax year 2023
Assessed value
$119,900
Assessed 2023
Previous assessed
$119,900
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$22,000
Assessed improvement
$97,900
Land market value
$22,000
Improvement market value
$97,900
Total market value
$119,900
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
1951
Zoning code
R3
APN
18- 6
UPID
US87-3245079
Jurisdiction
GALAX CITY
Zoning & alternative use
R3 · Galax, VAZoning R3 · permitted uses
R3 · Galax, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rict § 160-29 Purpose. § 160-30 Permitted uses. § 160-31 Conditional uses. § 160-32 Area. § 160-33 Setbacks. § 160-34 Frontage. § 160-35 Yards. § 160-36 Height. § 160-37 Lot coverage. Article V Residential High-Density (R-3 District) § 160-38 Purpose. § 160-39 Permitted uses. § 160-40 Conditional uses. § 160-41 Area. § 160-42 Setbacks. § 160-43 Frontage. § 160-44 Yards. § 160-45 Height. Article VI Townhouses § 160-46 Purpose. § 160-47 Defi
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
42.76 ac
Building & site characteristics
From public records
Year built
1951
Current owner
From public records · entity-resolved
TWIN COUNTY LAUNDRY INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 602, GALAX, VA 24333-0602
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 966 Glendale Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
