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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Office buildings
9327 Midlothian Tpke North Chesterfield, VA 23235-4964
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US87-0817335
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
12,050 SF
Lot
9.27 ac (403,975 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
752-70-63-82-700-000
UPID
US87-0817335
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
Current use
Occupant on record · Public records
-
Ali Medical Transport Ambulance Service
-
Green Dragonfly Wellness Gym & Fitness Center Alternative Medicine Practice
-
Larson & Roelofs Dental Office
-
Migración de elias Travel Agency
-
Tom Mullins LCSW Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.79M
Owner & transaction history
Midlothian Ptrs Of Virginia LLC · 12 yrs held
Midlothian Ptrs Of Virginia LLC
since 2013
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
$3.4M
+127.3%
Commercial (general)
$3.0M
+101.8%
Auto repair, garage
$2.2M
+47.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,390,000
Change: +127% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,010,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,195,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$2,005,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,980,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,935,000
Change: +30% · Conversion: Easy
RETAIL STORES
$1,735,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10%
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
$232 / 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
$53,079
Tax year 2024
Assessed value
$5,661,600
Assessed 2024
Previous assessed
$3,101,300
+82.6% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,555,300
Assessed improvement
$4,106,300
Land market value
$1,555,300
Improvement market value
$4,106,300
Total market value
$5,661,600
Applied tax rate
2.0000
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
1984
Heating
NONE
Buildings
4
Stories
1
Total area
12,050 SF
Lot
9.27 ac (403,975 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
752-70-63-82-700-000
UPID
US87-0817335
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
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1984
Heating
NONE
Stories
1
Buildings
4
Lot
9.27 ac
Current owner
From public records · entity-resolved
Midlothian Ptrs Of Virginia LLC
Entity
Mailing address
200 S 10TH ST STE #1010, RICHMOND, VA 23219-4091
Ownership since
2013
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
Dec 5, 2019
—
Midlothian Ptrs Of Va LLC
—
Deed
related
$3,200,000 · Miscellaneous Ins Co
Nov 13, 2013
$1,800,000
Midlothian Ptrs Of Virginia LLC
Archway 60 R LLC
Grant Deed
$2,500,000 · Stellarone Bank
Feb 18, 2011
$4,479,900
Archway 60 R LLC
Midlothian Tnpk Operation Asso
Grant Deed
—
—
—
Midlothian Ptrs Of Va LLC
—
Deed Of Trust
related
$3,200,000 · Miscellaneous Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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