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Property profile & analytics
OFF-MARKET
Commercial real estate
Covington, VA 24426
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-1706456
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
69.33 ac (3,020,015 SF)
Zoning code
M1
APN
04000-00-000-0360
UPID
US87-1706456
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
WESTROCK MWV LLC
WESTROCK MWV 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
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
Property tax & assessments
Assessed value
$22,088,200
Assessed 2023
Previous assessed
$22,088,200
+0.0% YoY
Assessed land
$1,117,500
Assessed improvement
$20,970,700
Land market value
$1,117,500
Improvement market value
$20,970,700
Total market value
$22,088,200
Applied tax rate
3.0000
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
Heating
YES
Cooling
NONE
Buildings
2
Lot
69.33 ac (3,020,015 SF)
Zoning code
M1
APN
04000-00-000-0360
UPID
US87-1706456
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
Heating
YES
Cooling
Yes
Buildings
2
Lot
69.33 ac
Current owner
From public records · entity-resolved
WESTROCK MWV LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3950 SHACKLEFORD RD, DULUTH, GA 30096-1858
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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