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Property profile & analytics
OFF-MARKET
Estimated value
$70,020,000
Commercial real estate
10515 Colonial Downs Pkwy New Kent, VA 23124-2228
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1451766
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Total area
107,600 SF
Lot
347 ac (15,115,320 SF)
Zoning code
PUD
APN
33 6
UPID
US87-1451766
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
-
1609 Grocery & Convenience Store Food Market
-
Colonial Downs Racetrack Racecourse Casino
-
Rosie's Gaming Emporium Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$70.02M
Owner & transaction history
Cdi Virginia Land LLC · 3 yrs held
Cdi Virginia Land LLC
since 2022
Last sale
$86.8M
6 recorded transactions
Zoning & alternative use
PUD · New Kent, 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 New Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Kent 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
$93,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$70.02M
Range $63.02M – $77.02M · ±10% · vs last sale $86.82M (Nov 9 2022)
Last sale anchor
$86.82M
Nov 9 2022
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
$651 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$428,741
Tax year 2023
Assessed value
$63,991,200
Assessed 2023
Previous assessed
$63,991,200
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$11,983,500
Assessed improvement
$52,007,700
Land market value
$11,983,500
Improvement market value
$52,007,700
Total market value
$63,991,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Stories
4
Total area
107,600 SF
Lot
347 ac (15,115,320 SF)
Zoning code
PUD
APN
33 6
UPID
US87-1451766
Jurisdiction
NEW KENT
Zoning & alternative use
PUD · New Kent, VA
Zoning PUD · permitted uses
PUD · New Kent, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Kent. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
YES
Cooling
Yes
Stories
4
Lot
347 ac
Current owner
From public records · entity-resolved
Cdi Virginia Land LLC
Entity
Mailing address
2352 MAIN ST STE #201, CONCORD, MA 01742-3847
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
—
Colonial Downs Group LLC
—
Deed
related
$238,204,836 · Jpmorgan Chase Bank NA
Nov 9, 2022
$86,818,069
Cdi Virginia Land LLC
Colonial Downs Group LLC
Special Warranty Deed
—
Nov 16, 2018
—
Colonial Downs Group LLC
—
Deed
related
$37,600,000 · Credit Suisse Ag Cayman Islands Branch
May 2, 2018
$23,000,000
Cd/va Enterprises LLC A Delaware Li
Colonial Holdings INC A Virginia Co
Special Warranty Deed
—
May 2, 2018
—
Cd/va Enterprises LLC A Delaware Li
—
Deed
related
$12,155,063 · Cortland Capital Market Svcs LLC
Apr 13, 2017
—
Colonial Downs LP
—
Deed
related
$350,000,000 · Wilmington Trust National Association
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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