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Property profile & analytics
OFF-MARKET
Estimated value
$13,150,000
Office buildings
1011 Boulder Spgs Dr North Chesterfield, VA 23225-4950
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-0604482
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
50,224 SF
Lot
12.7 ac (553,212 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
763-71-02-84-700-000
UPID
US87-0604482
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
$9.61M
CAP Approach
CAP
$11.08M
Comparable Approach
Comparable
$11.65M
Blend (final)
Blend
$13.15M
Owner & transaction history
Kas Bouldings LLC · 5 yrs held
Kas Bouldings LLC
since 2021
Last sale
$17.0M
4 recorded transactions
Zoning & alternative use
O2 - CORP OFFICE DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.1M
+90.3%
Auto repair, garage
$9.2M
+23.2%
Medical building
$8.4M
+12.6%
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 North Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Chesterfield 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
$17,435,000
ML approach
$9,610,000
CAP Approach
CAP Return
Estimation
6%
$12,005,000
6.5%
$11,080,000
7%
$10,290,000
Alternative Use
Use
Estimation
RESTAURANT
$14,135,000
Change: +90% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,150,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$8,365,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,250,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,075,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,930,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$13.15M
Range $11.84M – $14.47M · ±10% · vs last sale $17.00M (Jun 16 2021)
Last sale anchor
$17.00M
Jun 16 2021
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
$262 / 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
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$113,873
Tax year 2024
Assessed value
$12,103,300
Assessed 2024
Previous assessed
$12,749,900
-5.1% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,217,100
Assessed improvement
$10,886,200
Land market value
$1,217,100
Improvement market value
$10,886,200
Total market value
$12,103,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
50,224 SF
Lot
12.7 ac (553,212 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
763-71-02-84-700-000
UPID
US87-0604482
Jurisdiction
CHESTERFIELD
Zoning & alternative use
O2 - CORP OFFICE DIST · North Chesterfield, VA
Zoning O2 - CORP OFFICE DIST · permitted uses
O2 - CORP OFFICE DIST · North Chesterfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Chesterfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$7.9M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Lot
12.7 ac
Current owner
From public records · entity-resolved
Kas Bouldings LLC
Entity
Mailing address
6303 WATERFORD DISTRICT DR STE #350, MIAMI, FL 33126-6027
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
$17,000,000
Kas Bouldings LLC
Hertz Richmond Holdings LLC
Special Warranty Deed
$11,180,000 · Ameris Bank
May 12, 2015
—
Hertz Richmond Holdings LLC
—
Trustees Deed
related
$21,700,000 · Jp Morgan Chase Bk
Mar 13, 2012
$25,000,000
Hertz Richmond Holdings LLC
Parkway Properties LP
Grant Deed
related
—
Mar 13, 2012
—
Hertz Richmond Holdings LLC
Parkway Properties LP
Trustees Deed
related
$21,500,000 · Bank Of America
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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