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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
101 Dry Brg Rd Midlothian, VA 23114-7300
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0345872
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
6,230 SF
Lot
6.11 ac (266,021 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
712-70-99-10-000-000
UPID
US87-0345872
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
-
Virginia's Resources Recycled Production Facility General Contractor
-
Watkins Nurseries Inc Landscaping General Contractor
-
Mary Ann's Trucking Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$870k
Owner & transaction history
Watkins Nurseries INC · 4 yrs held
Watkins Nurseries INC
since 2021
4 recorded transactions
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Midlothian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midlothian 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%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,290,000
Current use
RETAIL STORES
$1,260,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$140 / 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
$11,655
Tax year 2024
Assessed value
$1,262,500
Assessed 2024
Previous assessed
$1,262,500
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$256,600
Assessed improvement
$1,005,900
Land market value
$256,600
Improvement market value
$1,005,900
Total market value
$1,262,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
2
Total area
6,230 SF
Lot
6.11 ac (266,021 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
712-70-99-10-000-000
UPID
US87-0345872
Jurisdiction
CHESTERFIELD
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · Midlothian, VA
Zoning I2 - GEN INDUSTRIAL DIST · permitted uses
I2 - GEN INDUSTRIAL DIST · Midlothian, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midlothian. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
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
1999
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
2
Lot
6.11 ac
Current owner
From public records · entity-resolved
Watkins Nurseries INC
Entity
Mailing address
101 DRY BRG RD, MIDLOTHIAN, VA 23114-7300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Sep 24, 2021
—
Watkins Nurseries INC
—
Deed
related
$5,000,000 · Primis Bank
Apr 28, 2017
—
Watkins Nurseries INC
—
Deed
related
$1,735,000 · Evb
—
—
Watkins Nurseries INC
—
Deed Of Trust
related
$1,735,000 · Evb
—
—
Watkins Nuseries INC
—
Deed Of Trust
related
$691,700 · First Market Bank Fsb
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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