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Property profile & analytics
FOR LEASE
Office buildings
1100 Boulders Pkwy Richmond, VA 23225
Entity Owned
9-yr Hold
Free & Clear
Property ID
US87-0124016
For Lease
1 / 5
$13,945,000
1100 Boulders Pkwy, Richmond, VA 23225
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
142,290 SF
Lot
8.42 ac (366,949 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
763-71-25-01-500-000
UPID
US87-0124016
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
-
Utica National Insurance Group Financial Advisor Insurance Agency
-
Dominion Energy Credit Union Operations Center (Not a Branch Facility) Bank Credit Union
-
Hays - Specialist Recruitment Richmond Employment Agency
-
NVR Settlement Services Corporate Office
-
REVA Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.71M
Blend (final)
Blend
$13.95M
Owner & transaction history
Bv Drp Boulders Owner LLC · 9 yrs held
Bv Drp Boulders Owner LLC
since 2016
3 recorded transactions
Zoning & alternative use
O2 - CORP OFFICE DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$22.9M
+8.7%
Commercial (general)
$22.5M
+6.8%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
OFFICE BUILDING
$21,045,000
Current use
APARTMENT HOUSE (5+ UNITS)
$22,875,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$22,470,000
Change: +7% · Conversion: Easy
RETAIL STORES
$20,500,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$13.95M
Range $12.55M – $15.34M · ±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
$98 / 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
$107,938
Tax year 2024
Assessed value
$11,463,200
Assessed 2024
Previous assessed
$12,075,600
-5.1% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,009,100
Assessed improvement
$10,454,100
Land market value
$1,009,100
Improvement market value
$10,454,100
Total market value
$11,463,200
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
For Lease
Year built
1989
Heating
NONE
Stories
6
Total area
142,290 SF
Lot
8.42 ac (366,949 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
763-71-25-01-500-000
UPID
US87-0124016
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
OFFICE BUILDING Current
Est. value
$21.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.9M
COMMERCIAL (GENERAL)
Est. value
$22.5M
RETAIL STORES
Est. value
$20.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1989
Heating
NONE
Stories
6
Lot
8.42 ac
Current owner
From public records · entity-resolved
Bv Drp Boulders Owner LLC
Entity
Free & Clear · 9 yrs held
Mailing address
4198 COX RD STE #200, GLEN ALLEN, VA 23060-3328
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2016
$25,725,000
Bv Drp Boulders Owner LLC
Lsop Va LLC
Grant Deed
—
Apr 5, 2012
$21,619,029
Lsop Va LLC
Liberty Property LP
Grant Deed
$16,500,000 · Ing Life Ins & Annunity Co
Jun 29, 2005
$14,500,000
Liberty Property Ltd Ptnshp
Petula Associates Ltd
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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