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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Specialty properties
1320 New Market Rd Henrico, VA 23231-5751
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-3945870
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1992
Total area
3,592 SF
Lot
1.8 ac (78,277 SF)
Zoning code
B-1C
APN
803-701-6051
UPID
US87-3945870
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Cvp Richmond 1 LLC · 2 yrs held
Cvp Richmond 1 LLC
since 2023
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
B-1C · Henrico, 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 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
$650,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $750k (Sep 7 2023)
Last sale anchor
$750k
Sep 7 2023
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
$193 / 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
$5,441
Tax year 2023
Assessed value
$640,100
Assessed 2024
Previous assessed
$640,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$184,000
Assessed improvement
$456,100
Land market value
$184,000
Improvement market value
$456,100
Total market value
$640,100
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1992
Heating
HEAT PUMP
Stories
1
Total area
3,592 SF
Lot
1.8 ac (78,277 SF)
Zoning code
B-1C
APN
803-701-6051
UPID
US87-3945870
Jurisdiction
HENRICO
Zoning & alternative use
B-1C · Henrico, VA
Zoning B-1C · permitted uses
B-1C · 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.
Building & site characteristics
From public records
Year built
1992
Heating
HEAT PUMP
Stories
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Cvp Richmond 1 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
510 E MAIN ST, CHARLOTTESVILLE, VA 22902-5336
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
—
Cvp Richmond 1 LLC
—
Deed
related
$487,500 · First Citizens Bank & Trust Company
Sep 7, 2023
$750,000
Cvp Richmond 1 LLC
Cadet Properties LLC
Special Warranty Deed
—
Sep 24, 2013
—
Cadet Properties LLC
New Market Property LLC
Grant Deed
related
—
Dec 28, 2012
$525,000
Cadet Properties LLC Co
New Market Property LLC
Grant Deed
$341,250 · First Capital Bank Ssb
Jul 2, 2004
$105,000
Builders Greenleaf
Webb,reginald H
Grant Deed
$105,000 · First Fsb Va
Jul 2, 2004
$175,000
Reginald H Webb
New Market Property LLC
Grant Deed
—
Jul 2, 2004
$150,000
Reginald H Webb
Webb,reginald H
Grant Deed
related
$150,000 · First Federal Savings Bank
—
—
Cadet Properties LLC
—
Loan Modification
related
—
—
—
New Market Property LLC
—
Deed Of Trust
related
$250,000 · River City Bank
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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