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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
12199 Gayton Rd, Henrico, VA 23238-3201
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0992396
Property summary
AI-generated overview
This single-tenant, 3,109 square foot freestanding building presents a unique leasing opportunity in Richmond, Virginia's Short Pump submarket. Located at 12199 Gayton Road, this Class C property boasts a convenient location in Tuckahoe Village West, easily accessible via a traffic signal. Built in 1988, the one-story building sits on a 0.58-acre lot and offers ample parking with 23 spaces. The property features a sophisticated executive office and a well-appointed conference room, ideal for businesses seeking a professional and functional workspace. Its versatile layout allows for customization to meet diverse business needs. The O-2 zoning provides flexibility for various office uses. The building's proximity to major retailers like Publix and Food Lion adds to its appeal, offering convenience for employees and clients alike. This is an exceptional opportunity to establish a business in a prime West End location. The property's APN is 732-748-7248. No elevators are present.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
3,250 SF
Lot
0.59 ac (25,526 SF)
Zoning code
O-2
APN
732-748-7248
UPID
US87-0992396
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
$665k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$690k
Owner & transaction history
Doaba Holdings LLC · 1 yrs held
Doaba Holdings LLC
since 2025
Last sale
$685,000
1 recorded transaction
Zoning & alternative use
O-2 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$590,000
+23.2%
Medical building
$540,000
+12.6%
Neighborhood: shopping center
$535,000
+11.1%
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
$815,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$480,000
Current use
AUTO REPAIR, GARAGE
$590,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$540,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$535,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$515,000
Change: +7% · Conversion: Easy
RETAIL STORES
$470,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $685k (Apr 17 2025)
Last sale anchor
$685k
Apr 17 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
$212 / 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
$4,526
Tax year 2023
Assessed value
$545,300
Assessed 2024
Previous assessed
$545,300
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$133,500
Assessed improvement
$411,800
Land market value
$133,500
Improvement market value
$411,800
Total market value
$545,300
Applied tax rate
1.0000
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
1988
Heating
HEAT PUMP
Stories
1
Total area
3,250 SF
Lot
0.59 ac (25,526 SF)
Zoning code
O-2
APN
732-748-7248
UPID
US87-0992396
Jurisdiction
HENRICO
Zoning & alternative use
O-2 · Henrico, VA
Zoning O-2 · permitted uses
O-2 · 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
OFFICE BUILDING Current
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$590,000
MEDICAL BUILDING
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$515,000
RETAIL STORES
Est. value
$470,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Heating
HEAT PUMP
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Doaba Holdings LLC
Entity
Mailing address
509 ADA ASH LN, MANAKIN SABOT, VA 23103-3131
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2025
$685,000
Doaba Holdings LLC
Peskin Holdings LLC
Warranty Deed
$500,000 · First-citizens Bank & Trust Company
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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