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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Medical Office Space
1000 Boulders Pkwy, North Chesterfield, VA 23225-5545
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-3747436
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Total area
18,291 SF
Lot
4.19 ac (182,647 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
764-71-01-39-800-000
UPID
US87-3747436
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
-
Pulmonary Associates of Richmond Sleep Disorders Center Medical Clinic
-
Dr. Michael B. Polsky, MD Physician
-
Tucker Psychiatric Clinic Physician
-
Dr. Walter S. Jennings Jr, MD Physician
-
Dr. Ritsu Kuno, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
Elliott Bay Medical Properties Hold · 1 yrs held
Elliott Bay Medical Properties Hold
since 2025
4 recorded transactions
Zoning & alternative use
O2 - CORP OFFICE DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+9.3%
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
MEDICAL BUILDING
$3,045,000
Current use
AUTO REPAIR, GARAGE
$3,330,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,005,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,940,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,890,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$2,705,000
Change: -11% · Conversion: Easy
RETAIL STORES
$2,635,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±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
$143 / 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
$54,925
Tax year 2024
Assessed value
$5,841,900
Assessed 2024
Previous assessed
$5,487,800
+6.5% YoY
Effective rate
0.94%
On assessed value
Assessed land
$904,100
Assessed improvement
$4,937,800
Land market value
$904,100
Improvement market value
$4,937,800
Total market value
$5,841,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
18,291 SF
Lot
4.19 ac (182,647 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
764-71-01-39-800-000
UPID
US87-3747436
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
MEDICAL BUILDING Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
Lot
4.19 ac
Current owner
From public records · entity-resolved
Elliott Bay Medical Properties Hold
Entity
Mailing address
1000 BOULDERS PKWY STE #102, NORTH CHESTERFIELD, VA 23225-5515
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 25, 2025
$9,000,000
Elliott Bay Medical Properties Hold
Par Boulders LLC
Warranty Deed
$75,000,000 · Fifth Third Bank NA
Dec 22, 2015
$6,900,000
Par Boulders LLC
Aaclaim Boulders LLC
Grant Deed
$7,350,000 · First Citizens Bk
Nov 16, 2007
$6,233,750
Acclaim Boulders LLC
1000 Boulders Parkway L C
Grant Deed
—
Apr 28, 2006
$2,535,000
1000 Boulders Parkway Lc
Flintridge,station Association
Grant Deed
—
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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