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607-609 Elm Ct, Hopewell, VA 23860
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Property summary
AI-generated overview
The property consists of office and warehouse flex buildings configured for combined office and light industrial/warehouse use, with outdoor storage and yard space included. It includes approximately 0.15 acres of outdoor yard. The total building area is approximately 10,621 square feet. The site is located within short driving distances of major highways, including I-295 and I-95.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
WOOD
Total area
10,832 SF
Lot
1.8 ac (78,582 SF)
Zoning code
M1
APN
042-0877
UPID
US87-2203102
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.82M
Owner & transaction history
since 2022
Last sale
$3.3M
1 recorded transaction
Zoning & alternative use
M1 · Hopewell, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.82M
Value range
$2.53M – $3.10M
±10% around blend
Estimated value / SF
$260 / SF
Confidence
High
7 county-verified comps
Property data
100
Comparable evidence
70
$2.53M
blend $2.82M
$3.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,832 SF
Lot area
1.8 ac
Year built
1989
Stories
1
APN
042-0877
Zoning
M1
Assessed value
$964,100
Annual tax
$11,280
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.51M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.1 mi away · 10,200 SF
18.6 mi away · 10,080 SF
19.3 mi away · 12,330 SF
20.5 mi away · 8,316 SF
21.3 mi away · 10,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
3.70%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.70%
9.0%
NOI (est.)
$234k *
Last sale · Jan 2022
$3.34M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.32M
Move the market yield to see immediate price impact.
Value / SF
$584
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.20%3.70%4.20%
$211k
$6.58M
$5.69M
$5.01M
$234k
$7.31M
$6.32M
$5.57M
$257k
$8.04M
$6.96M
$6.13M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$2.05M
15.5 mi · Nov 2025 · $179/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,280
Tax year 2024
Assessed value
$964,100
Assessed 2024
Previous assessed
$964,100
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$235,700
Assessed improvement
$728,400
Land market value
$235,700
Improvement market value
$728,400
Total market value
$964,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
10,832 SF
Lot
1.8 ac (78,582 SF)
Zoning code
M1
APN
042-0877
UPID
US87-2203102
Jurisdiction
HOPEWELL CITY
Zoning & alternative use
M1 · Hopewell, VAZoning M1 · permitted uses
M1 · Hopewell, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Hopewell, VA
Recorded code
M1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1 in Hopewell, VA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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