Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1001 Westwood Vlg Way Midlothian, VA 23114-4309
    Back to Search
    Property profile & analytics

    1001 Westwood Vlg Way, Midlothian, VA 23114-4309

    View on Map
    • Sports & entertainment properties
    • 2,612 SF
    • 25.21 lot acres
    Off-Market
    Property ID
    US87-0641679
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Colony House at Charter Colony Foundation / Housing Development

    Property Details for 1001 Westwood Vlg Way

    Year built
    2012
    Lot size
    25.21 lot acres
    Zone code
    R9 - SINGLE FAMILY RES
    Property type
    Sports & entertainment properties
    APN
    723-70-46-50-900-000
    APU
    723704650900000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2014 — Bb Hunt LLC|rauch Dev Co LLC — Loan Modification · related $18M · Bank Of Hampton Roads
    — — Bb Hunt LLC — Loan Modification · related $9.3M · Bank Of Hampton Roads

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6709
    Latitude
    37.4929
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,688 SF

      12700 Walton Lk Dr

      RECREATIONAL, ENTERTAINMENT
      12700 Walton Lk Dr, Midlothian, VA 23114-7123
      View Details
    • Value Estimation by Request
      2,300 SF

      1201 Walton Blf Pkwy

      RECREATIONAL, ENTERTAINMENT
      1201 Walton Blf Pkwy, Midlothian, VA 23114
      View Details
    • Value Estimation by Request
      3,397 SF

      1101 Charter Clb Way

      RECREATIONAL, ENTERTAINMENT
      1101 Charter Clb Way, Midlothian, VA 23114-4364
      View Details
    • Value Estimation by Request
      3,066 SF

      2240 Cobalt Ave

      RECREATIONAL, ENTERTAINMENT
      2240 Cobalt Ave, Midlothian, VA 23114
      View Details
    • Value Estimation by Request
      1,468 SF

      508 Biggin Pond Rd

      RECREATIONAL, ENTERTAINMENT
      508 Biggin Pond Rd, Midlothian, VA 23114-4590
      View Details
    • Value Estimation by Request
      2,505 SF

      530 Walton Park Rd

      RECREATIONAL, ENTERTAINMENT
      530 Walton Park Rd, Midlothian, VA 23114-3310
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,768 SF

      Upgraded Condo in Midlothian

      Top floor condo in desired Charter Colony subdivision.
      1220 Westwood Village Ln, Midlothian, VA 23114
      View Details
    • Contact for pricing

      Development Land on Midlothian Turnpike

      5.13 acre development land with high visibility.
      16731 Midlothian Tpke, Midlothian, VA 23114
      View Details
    • Contact for pricing

      Commercial Land in High-Growth Area

      2.1+/- acre corner parcel in a high-growth commercial area.
      50 Otterdale Woods Rd, Midlothian, VA 23114
      View Details
    • Contact for pricing
      Pending

      Midlothian Two-Level Townhome

      Comfortable two-level townhome in the heart of Midlothian.
      613 Abbey Village Cir, Midlothian, VA 23114
      View Details
    • Contact for pricing

      Land with Frontage on Turnpike

      Land with frontage on Midlothian Turnpike and Charter Colony Parkway.
      201 Charter Colony Pkwy, Midlothian, VA 23114
      View Details
    • Contact for pricing

      Land at Signalized Intersection

      Land with high visibility near Route 288.
      250 Charter Colony Pkwy, Midlothian, VA 23114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,000 SF

      Medical/Office Space Near St. Francis

      Medical and office spaces available near St. Francis Medical Center.
      13830 Bon Secours Dr, Midlothian, VA 23114
      View Details
    • Contact for pricing
      50,000 SF

      Medical/Office Space Near St. Francis

      Medical and office spaces available near St. Francis Medical Center.
      1300 Charter Colony Pkwy, Midlothian, VA 23114
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Kroger Anchored Center

      Retail space available in a Kroger anchored shopping center.
      14101-14253 Midlothian Tpke, Midlothian, VA 23114
      View Details
    • Contact for pricing
      11,078 SF

      Medical Office Near Hospital

      Outpatient medical building on Bon Secours St. Francis campus.
      13801 St Francis Blvd, Midlothian, VA 23114
      View Details
    • Contact for pricing
      60,000 SF

      Medical/Office Space Near Hospital

      Suites from 2,500 to 60,000 SF near St. Francis.
      14200 Center Pointe Pkwy, Midlothian, VA 23114
      View Details
    • Contact for pricing
      21,630 SF

      Midlothian Medical Office Space

      Class A medical office suites available.
      17 Le Gordon Dr, Midlothian, VA 23114
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1001 Westwood Vlg Way
    Midlothian, VA 23114-4309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1001 Westwood Vlg Way, Midlothian, VA, 23114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!