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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
1206 Willow Lawn Dr Richmond, VA 23226-1409
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0866526
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Total area
1,944 SF
Lot
0.43 ac (18,731 SF)
Zoning code
O-2
APN
771-735-9779
UPID
US87-0866526
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
-
Dr. William G. Gardner, DDS Dental Office
-
Gardner & La Rochelle Orthodontics Dental Office
-
Dr. Natalie La Rochelle Dental Office
-
Lehew Gardner Dental Office
-
Julia Durham Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$402k
Blend (final)
Blend
$545k
Owner & transaction history
Toothomovers LLC · 1 yrs held
Toothomovers LLC
since 2024
Last sale
$546,250
5 recorded transactions
Zoning & alternative use
O-2 · Richmond, 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 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
$545,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Current use
AUTO REPAIR, GARAGE
$355,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $546k (Dec 17 2024)
Last sale anchor
$546k
Dec 17 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
$280 / 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
$3,786
Tax year 2023
Assessed value
$445,400
Assessed 2024
Previous assessed
$445,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$100,200
Assessed improvement
$345,200
Land market value
$100,200
Improvement market value
$345,200
Total market value
$445,400
Applied tax rate
3.0000
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
1948
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Total area
1,944 SF
Lot
0.43 ac (18,731 SF)
Zoning code
O-2
APN
771-735-9779
UPID
US87-0866526
Jurisdiction
HENRICO
Zoning & alternative use
O-2 · Richmond, VA
Zoning O-2 · permitted uses
O-2 · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$360,000
AUTO REPAIR, GARAGE
Est. value
$355,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1948
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Toothomovers LLC
Entity
Mailing address
1206 WILLOW LAWN DR, RICHMOND, VA 23226-1409
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
Dec 17, 2024
$546,250
Toothomovers LLC
Ava Investments LLC
Special Warranty Deed
$464,312 · Regions Bank
—
—
Ava Investments LLC
—
Loan Modification
related
—
—
—
Ava Investments LLC
—
Deed Of Trust
related
$280,000 · Wells Fargo Bank
—
—
Ava Investments LLC
—
Deed Of Trust
related
$265,749 · Bank Of Virginia
—
—
Ava Investments LLC
—
Deed Of Trust
related
$245,469 · First Citizens Bk
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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