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Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Office buildings
14361 Sommerville Ct Midlothian, VA 23113-6837
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-0124866
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
6,125 SF
Lot
1.04 ac (45,085 SF)
Zoning code
I1 - LT INDUSTRIAL DIST
APN
722-70-94-06-400-000
UPID
US87-0124866
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
-
Mark Johnson, Napier REALTORS ERA Real Estate Agency
-
Lummie Jones, Napier REALTORS ERA Real Estate Agency
-
The Sinnett Group - Amy & Brent Sinnett Real Estate Agency
-
Counseling & Wellness Counselor
-
Napier ERA Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.83M
Owner & transaction history
14361 Sommerville Court LLC · 1 yrs held
14361 Sommerville Court LLC
since 2025
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
I1 - LT INDUSTRIAL DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+86.8%
Commercial (general)
$2.3M
+61.2%
Auto repair, garage
$1.5M
+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%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,425,000
Current use
RESTAURANT
$2,665,000
Change: +87% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,300,000
Change: +61% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,515,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10% · vs last sale $2.30M (Mar 18 2025)
Last sale anchor
$2.30M
Mar 18 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
$299 / 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
$14,352
Tax year 2024
Assessed value
$1,573,300
Assessed 2024
Previous assessed
$1,481,200
+6.2% YoY
Effective rate
0.91%
On assessed value
Assessed land
$207,000
Assessed improvement
$1,366,300
Land market value
$207,000
Improvement market value
$1,366,300
Total market value
$1,573,300
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
2004
Heating
NONE
Stories
1
Total area
6,125 SF
Lot
1.04 ac (45,085 SF)
Zoning code
I1 - LT INDUSTRIAL DIST
APN
722-70-94-06-400-000
UPID
US87-0124866
Jurisdiction
CHESTERFIELD
Zoning & alternative use
I1 - LT INDUSTRIAL DIST · Midlothian, VA
Zoning I1 - LT INDUSTRIAL DIST · permitted uses
I1 - LT INDUSTRIAL 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
$1.4M
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2004
Heating
NONE
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
14361 Sommerville Court LLC
Entity
Free & Clear · 1 yrs held
Mailing address
14361 SOMMERVILLE CT, MIDLOTHIAN, VA 23113-6837
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
$2,300,000
14361 Sommerville Court LLC
Napier Building Associates LLC
Warranty Deed
—
Feb 23, 2004
—
Napier Building Associates LLC
Napier Old Colony Realtors INC
Quit Claim Deed
related
$1,320,127 · Central Valley Bank
—
—
Napier Building Associates LLC
—
Loan Modification
related
$1,785,000 · Citizens & Farmers Bk
—
—
Napier Bldg Assoc LLC
—
Deed Of Trust
related
$1,680,000 · Central Va 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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