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Property profile & analytics
FOR SALE
Commercial land
Forest Rd, Forest, VA 24551
Entity Owned
Free & Clear
Property ID
US87-0510575
For Sale
1 / 8
$650,000
Forest Rd, Forest, VA 24551
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.42 ac (61,855 SF)
APN
118 A 6D
UPID
US87-0510575
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
Craft Corner LLC
Craft Corner LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,282
Tax year 2024
Assessed value
$556,700
Assessed 2024
Previous assessed
$278,350
+100.0% YoY
Effective rate
0.41%
On assessed value
Assessed land
$556,700
Land market value
$556,700
Total market value
$556,700
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 land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
1.42 ac (61,855 SF)
APN
118 A 6D
UPID
US87-0510575
Jurisdiction
BEDFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.42 ac
Current owner
From public records · entity-resolved
Craft Corner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
400 CASALOMA DR, FOREST, VA 24551-1702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2026
$800,000
Craft Corner LLC
Gristmill Land Holdings LLC
Deed
—
Dec 27, 2024
—
Mark A Speake
Mark A Speake
Deed
related
—
Aug 21, 2024
—
Jefferson Parc 7 LLC
Phillips Circle LLC
Deed
related
—
Dec 27, 2022
$762,246
Realty Income Properties 19 LLC
Forest Road Express Wash LLC
Special Warranty Deed
—
Nov 2, 2022
$4,565,000
The Charles And Margaret Levin Fami
Rbd Lynchburg LLC
Special Warranty Deed
—
Jun 14, 2022
—
Doty Farm Revocable Living Trust
Thoams P Bell
Deed
—
Jun 14, 2022
$2,900,000
Thomas P Bell
Kenneth L Cobbs II
Warranty Deed
$1,450,000 · Freedom First Federal Credit Union
Apr 8, 2022
$740,000
Forest Road Express Wash LLC
Two Boys Realty LLC
Warranty Deed
—
Sep 17, 2020
—
Kenneth L Cobbs II
Kenneth L Cobbs II
Deed
related
—
Feb 7, 2020
$440,000
Saunders Family Properties Of Fores
L C Laughlin Builder INC
Warranty Deed
$440,000 · J C Laughlin Builder INC
Aug 9, 2019
—
Phillips Circle LLC
Jeferson Parc Associates LLC
Deed
related
—
May 11, 2018
—
Overstreet Entersprises Of Forest L
—
Deed
related
$2,200,000 · Bank Of The James
Mar 28, 2018
—
Samdanben Land Development LLC A Vi
—
Deed
related
$300,000 · Summit Community Bank
Aug 9, 2017
$145,000
R & D Properties LLC
Edward R Walker
Warranty Deed
—
Apr 25, 2017
$277,000
Kenneth L Cobbs II
R Bryant Hare IV
Warranty Deed
$217,000 · Party III
Mar 20, 2017
$160,000
Ltb Holding Company LLC A Virginia
E & J Investments LLC A Virginia Li
Warranty Deed
$104,000 · Essex Bank
Feb 23, 2017
$825,000
Overstreet Enterprises Of Forest Ll
Vc Enterprises LLC A Virginia Limit
Warranty Deed
$500,000 · The First Bank And Trust Company
Feb 17, 2017
$345,000
Kenneth L Cobbs II
Kenneth F Beck
Warranty Deed
$258,750 · Select Bank
Jan 26, 2017
—
Rodgers Family Holdings LLC
—
Deed
related
$100,000 · Branch Banking & Trust Company
Dec 5, 2016
$335,000
Kenneth F Beck
Michael R Reynolds
Warranty Deed
—
Oct 14, 2016
$75,000
Rbd Lynchburg LLC A Virginia Limite
Phillips Circle LLC A Virginia Limi
Warranty Deed
$575,000 · Union Bank & Trust
Aug 14, 2012
—
Teresa G Washburn
Teresa G Washburn
Gift Deed
related
—
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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