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Financial
Distress signals
Property profile

1651 Parham Rd Henrico, VA 23229

OFF-MARKET
Medical Office Space
Property ID
US87-0777702
7,184 SF 1.56 ac lot Built 1972
Last sale May 2023 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office building located at 1651 N Parham Rd in Richmond, Virginia, containing approximately 7,184 square feet of office space.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$1.04M
Assessed land$357k
Assessed improvement$682k
Effective rate0.85%

Value estimate

· Oct 2026
$1.30M
$1.17M – $1.42M
AI approach$1.36M
CAP approach$1.59M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$167/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$89 – $257

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
O-2
Sec. 24-3405. O-2 Office District. A. Purpose. The purpose of the O -2 Office District is to provide lands primarily for offices, office ...
General categoryCOMMERCIAL
JurisdictionHENRICO

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.9
Auto Parts Store15.3
HVAC Service14.6

Location

1651 Parham Rd Henrico, VA 23229-4605
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 13 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8921 3rd Chopt, Henrico, VA 23229-4601 $2,100,000 Jun 2025 28,626 SF
1501 Santa Rosa, Henrico, VA 23229-5106 $3,272,047 Oct 2024 10,446 SF
8007 Discovery, Henrico, VA 23229-8605 $15,000,000 Apr 2022 36,956 SF
8905 Fargo, Henrico, VA 23229-4554 $496,000 Oct 2021 2,577 SF
8700 Quioccasin, Henrico, VA 23229-5528 $4,200,000 Sep 2019 59,224 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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