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    14411 Sommerville Ct Midlothian, VA 23113-6836
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    Property profile & analytics

    14411 Sommerville Ct, Midlothian, VA 23113-6836

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    • Specialty properties
    • 6,455 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US87-0901453
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Midlothian Animal Clinic / Veterinary Clinic
    • Alison Rhoades DVM / Veterinary Clinic
    • Withers Tim DVM / Veterinary Clinic

    Property Details for 14411 Sommerville Ct

    Year built
    1988
    Lot size
    1.00 lot acres
    Zone code
    I1 - LT INDUSTRIAL DIST
    Property type
    Specialty properties
    APN
    722-70-91-27-400-000
    APU
    722709127400000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 16, 2022 — Midlothian Veterinary Properties Ll — Deed · related $1M · Touchstone Bank
    Jul 23, 2021 — Midlothian Veterinary Properties Ll — Deed · related $1.1M · Bank Of America NA
    Oct 30, 2008 — Mcfadden Props LLC Mcfadden,owen C & Kim C Quit Claim Deed · related $1.1M · Central Valley Bank
    Mar 14, 2008 — Owen C Mcfadden — Deed Of Trust · related $1.1M · Central Valley Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6753
    Latitude
    37.5085
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,047
    $203,200
    $899,500
    $1,102,700
    -
    $203,200
    $899,500
    $1,102,700

    Comparable in this City

    • Value Estimation
      $2,360,000
      48,224 SF

      11400 Huguenot Rd

      SHOPPING CENTER COMMON AREA
      11400 Huguenot Rd, Midlothian, VA 23113-1193
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    • Value Estimation
      $775,000
      10,967 SF

      13217 Midlothian Tpke

      VETERINARY, ANIMAL HOSPITAL
      13217 Midlothian Tpke, Midlothian, VA 23113-4209
      View Details
    • Value Estimation
      $2,030,000
      56,020 SF

      14209 Midlothian Tpke

      SHOPPING CENTER COMMON AREA
      14209 Midlothian Tpke, Midlothian, VA 23113-6525
      View Details
    • Value Estimation
      $1,805,000
      59,177 SF

      1201 Sycamore Sq

      SHOPPING CENTER COMMON AREA
      1201 Sycamore Sq, Midlothian, VA 23113-4218
      View Details
    • Value Estimation by Request
      12,309 SF

      12601 Stone Vlg Way

      SHOPPING CENTER COMMON AREA
      12601 Stone Vlg Way, Midlothian, VA 23113-2720
      View Details
    • Value Estimation
      $1,280,000
      46,483 SF

      1101 Alverser Dr

      SHOPPING CENTER COMMON AREA
      1101 Alverser Dr, Midlothian, VA 23113-2655
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      1.41 acres with high traffic, development potential.
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      Prime Land on Midlothian Turnpike

      11.25-acre land with frontage on Midlothian Turnpike.
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      Medical Office Building in Midlothian

      3,978 SF medical office building for sale in Midlothian.
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    • $224,950

      Land For Sale

      Land available in Chesterfield County.
      16151 Founders Bridge Ter, Midlothian, VA 23113
      View Details
    • $550,000
      1.08 Acres

      Residential Lot in Established Neighborhood

      1.08-acre cleared lot ready for custom home construction.
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    • Contact for pricing
      8,813 SF

      Office Space in Desirable Neighborhood

      Office space for rent in a high-traffic Midlothian location.
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    Similar Nearby for Lease

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      Medical Office Space Available

      4,313 SF medical office space with high-end finishes.
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      Land For Lease

      Land available for lease in Midlothian, Virginia.
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      View Details
    • Contact for pricing
      2,000 SF

      Mixed-Use Development in Midlothian

      25-acre mixed-use development with retail, restaurant, and office spaces.
      14250 Winterview Pkwy, Midlothian, VA 23113
      View Details
    • Contact for pricing
      16,000 SF

      Prime Mixed-Use Development Land

      16 acres of C-3 zoned land for rent.
      50 Old Otterdale Rd, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Retail Space at Prominent Intersection

      Retail space for rent at Huguenot & Robious Roads.
      11400 West Huguenot Rd, Midlothian, VA 23113
      View Details
    • Contact for pricing
      697 SF

      Retail Space in Sycamore Square

      Retail space available in Midlothian's Sycamore Square Shopping Center.
      1252 Sycamore Sq, Midlothian, VA 23113
      View Details
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    Midlothian, VA 23113-6836
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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