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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Office buildings
1210 Sycamore Sq Dr, Midlothian, VA 23113-4272
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-1252003
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
10,135 SF
Lot
0.91 ac (39,465 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
728-70-95-81-600-000
UPID
US87-1252003
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
-
Selling Forensics Business Service Center
-
Sarah Holton Associate Broker/Realtor Real Estate Agency
-
RAMS Accounting & Tax Services Accounting Firm Tax Preparation
-
Benefit Solutions Inc Employment Agency Business Service Center
-
Vitality Health Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.59M
Owner & transaction history
Vdm Properties II LLC · 1 yrs held
Vdm Properties II LLC
since 2025
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
C2 - NBHD BUSINESS DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+6.2%
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%
$1,980,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,360,000
Current use
AUTO REPAIR, GARAGE
$2,505,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$2,045,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.50M (Mar 6 2025)
Last sale anchor
$1.50M
Mar 6 2025
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
$156 / 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
$7,477
Tax year 2024
Assessed value
$808,500
Assessed 2024
Previous assessed
$850,800
-5.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$179,600
Assessed improvement
$628,900
Land market value
$179,600
Improvement market value
$628,900
Total market value
$808,500
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
1985
Heating
NONE
Stories
1
Total area
10,135 SF
Lot
0.91 ac (39,465 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
728-70-95-81-600-000
UPID
US87-1252003
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C2 - NBHD BUSINESS DIST · Midlothian, VA
Zoning C2 - NBHD BUSINESS DIST · permitted uses
C2 - NBHD BUSINESS 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
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1985
Heating
NONE
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Vdm Properties II LLC
Entity
Mailing address
2313 CHEVERTON LN, MIDLOTHIAN, VA 23112-3594
Ownership since
2025
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
Jun 6, 2025
$1,500,000
Vdm Properties II LLC
Meyerhoffer Associates LLC
Warranty Deed
$876,000 · First Citizens Bank & Trust Company
Feb 24, 2022
—
Meyeerhoffr Associates LLC
—
Deed
related
$700,000 · Village Bank
Sep 1, 2015
$850,000
Meyerhoffer Assocs LLC
Daniel Properties 3 LLC
Grant Deed
$850,000 · Daniel Properties LLC
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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