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    Starview Vlg Richmond, VA 23225
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    Starview Vlg, Richmond, VA 23225

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    • Land
    • 109.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Starview Vlg

    Lot size
    109.00 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond
    State
    Virginia
    Longitude
    -77.5235
    Latitude
    37.4923

    Comparable in this City

    • Value Estimation by Request
      166.44 Acres

      Chippenham Pkwy & Powhite Pkwy

      Land
      0 Chippenham Pkwy & Powhite Pkwy, Richmond, VA 23225
      View Details
    • Value Estimation by Request

      1021 German School Rd, Unit 8

      APARTMENT HOUSE (100+ UNITS)
      1021 German School Rd, Richmond, VA 23225-4272
      View Details
    • Value Estimation
      $7,590,000
      106,140 SF

      1400 Newell Rd

      APARTMENT HOUSE (5+ UNITS)
      1400 Newell Rd, Richmond, VA 23225-2604
      View Details
    • Value Estimation
      $5,670,000
      74,540 SF

      1441 Oakhurst Ln

      APARTMENT HOUSE (100+ UNITS)
      1441 Oakhurst Ln, Richmond, VA 23225-2807
      View Details
    • Value Estimation
      $1,845,000
      20,046 SF

      1021 German School Rd, Unit 3

      APARTMENT HOUSE (100+ UNITS)
      1021 German School Rd, Richmond, VA 23225-4272
      View Details
    • Value Estimation
      $2,555,000
      20,046 SF

      1021 German School Rd, Unit 4

      APARTMENT HOUSE (100+ UNITS)
      1021 German School Rd, Richmond, VA 23225-4272
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Parcel with Existing Building

      One-acre land parcel with an 801 SF building for sale.
      6359 Jahnke Rd, Richmond, VA 23225
      View Details
    • $249,900

      Richmond Multifamily Investment Opportunity

      Four-unit property near downtown Richmond with income potential.
      2513 Bainbridge St, Richmond, VA 23225
      View Details
    • Contact for pricing
      55,452 SF

      Richmond Multifamily Investment Opportunity

      81-unit apartment community in Richmond's Forest Hill neighborhood.
      3900 Forest Hill Ave, Richmond, VA 23225
      View Details
    • Contact for pricing

      Commercial Land in Opportunity Zone

      Land available for commercial development in Chesterfield County.
      Chippenham Pkwy, North Chesterfield, VA 23225
      View Details
    • $525,000

      Commercial Lot Near Midlothian Turnpike

      Rectangular commercial lot near Midlothian Turnpike, zoned B-3.
      6541 Everglades Dr, Richmond, VA 23225
      View Details
    • $650,000

      Chippenham Area Development Opportunity

      4.3-acre parcel near Chippenham Hospital, ideal for similar use.
      300 Hioaks Rd, Richmond, VA 23225
      View Details

    Similar Nearby for Lease

    • $995 /Mo

      Commercial Storage Yard For Lease

      Storage yard for lease, convenient location.
      200-218 Arcadia St, Richmond, VA 23225
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease.
      2545-2557 Forest Hill Ave, Richmond, VA 23225
      View Details
    • Contact for pricing
      6,487 SF

      Office Space Near Chippenham Hospital

      Office space for rent, located across from Chippenham Hospital.
      681 Hioaks Rd, Richmond, VA 23225
      View Details
    • Contact for pricing
      2,224 SF

      Class A Office Space

      Six-story Class A office building with lake views and amenities.
      7501 Boulders View Dr, Richmond, VA 23225
      View Details
    • Contact for pricing

      Office Space in Richmond, VA

      Office space available for lease in Richmond, Virginia.
      7501 Boulders View Dr, Richmond, VA 23225
      View Details
    • Contact for pricing
      2,482 SF

      Retail Space on Forest Hill

      Retail space available for lease on Forest Hill Avenue.
      5035 Forest Hill Ave, Richmond, VA 23225
      View Details
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    Starview Vlg
    Richmond, VA 23225
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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