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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Industrial properties
14415 Justice Rd Midlothian, VA 23113-6908
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0127972
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Total area
3,024 SF
Lot
0.13 ac (5,619 SF)
Zoning code
I1 - LT INDUSTRIAL DIST
APN
722-71-00-84-100-000
UPID
US87-0127972
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
-
Harrington William MD Pediatrician Physician
-
Dr. Sudhansu Kothary Physician
-
Sommerville Family Practice Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Junior Phillips Properties LLC · 2 yrs held
Junior Phillips Properties LLC
since 2023
Last sale
$751,760
2 recorded transactions
Zoning & alternative use
I1 - LT INDUSTRIAL DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+273.7%
Auto repair, garage
$750,000
+146.2%
Office building
$705,000
+131.9%
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
$685,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,135,000
Change: +274% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +146% · Conversion: Easy
OFFICE BUILDING
$705,000
Change: +132% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +101% · Conversion: Moderate
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $752k (Oct 31 2023)
Last sale anchor
$752k
Oct 31 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
$243 / 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
$4,008
Tax year 2024
Assessed value
$442,600
Assessed 2024
Previous assessed
$549,100
-19.4% YoY
Effective rate
0.91%
On assessed value
Assessed land
$28,200
Assessed improvement
$414,400
Land market value
$28,200
Improvement market value
$414,400
Total market value
$442,600
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
3,024 SF
Lot
0.13 ac (5,619 SF)
Zoning code
I1 - LT INDUSTRIAL DIST
APN
722-71-00-84-100-000
UPID
US87-0127972
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
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$750,000
OFFICE BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$610,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2005
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Junior Phillips Properties LLC
Entity
Mailing address
14415 JUSTICE RD, MIDLOTHIAN, VA 23113-6908
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$751,760
Junior Phillips Properties LLC
Sommersville Holdings LLC
Special Warranty Deed
$601,500 · Village Bank
Jul 8, 2005
$408,240
Sommerville Holdings LLC
Romag LLC
Grant Deed
related
$424,000 · First Citizens Bank & Trust Co
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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