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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Hospitals
10601 Barbara Ln Henrico, VA 23233-2067
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-1054459
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2015
Total area
9,759 SF
Lot
5.41 ac (235,442 SF)
Zoning code
R-6C
APN
748-756-9031
UPID
US87-1054459
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.04M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$3.04M
Owner & transaction history
Virginia United Methodist Homes INC · 1 yrs held
Virginia United Methodist Homes INC
since 2024
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
R-6C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+68.9%
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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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
$3,040,000
ML approach
$3,040,000
CAP Approach
CAP Return
Estimation
6%
$2,335,000
6.5%
$2,155,000
7%
$2,000,000
Alternative Use
Use
Estimation
RESTAURANT
$2,745,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±10% · vs last sale $3.04M (Sep 10 2024)
Last sale anchor
$3.04M
Sep 10 2024
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
$312 / 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
$48,589
Tax year 2023
Assessed value
$5,854,100
Assessed 2024
Previous assessed
$5,854,100
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$930,500
Assessed improvement
$4,923,600
Land market value
$930,500
Improvement market value
$4,923,600
Total market value
$5,854,100
Applied tax rate
2.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2015
Heating
HEAT PUMP
Stories
1
Total area
9,759 SF
Lot
5.41 ac (235,442 SF)
Zoning code
R-6C
APN
748-756-9031
UPID
US87-1054459
Jurisdiction
HENRICO
Zoning & alternative use
R-6C · Henrico, VA
Zoning R-6C · permitted uses
R-6C · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.7M
RESTAURANT
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
2015
Heating
HEAT PUMP
Stories
1
Lot
5.41 ac
Current owner
From public records · entity-resolved
Virginia United Methodist Homes INC
Entity
Free & Clear · 1 yrs held
Mailing address
120 EASTSHORE DR STE #130, GLEN ALLEN, VA 23059-5985
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
$3,040,000
Virginia United Methodist Homes INC
Spring Arbor Cottage Of Richmond Va
Special Warranty Deed
—
Jun 21, 2022
$5,250,000
Spring Arbor Cottage Of Richmond Va
Spring Arbor Of Laurel Park LP
Quit Claim Deed
related
—
Feb 23, 2017
$11,500,000
Spring Arbor Laurel Park LP
New Dawn Acquisition LLC
Grant Deed
—
Aug 30, 2016
$11,500,000
New Dawn Acquisition LLC
10700 Three Copt Road LLC
Grant Deed
—
—
—
10700 Three Chopt Road LLC
—
Deed Of Trust
related
$350,000 · Alan Reed
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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