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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Office Spaces
14431 Sommerville Ct Ste D Midlothian, VA 23113-6812
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-1220955
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2008
Total area
2,982 SF
Lot
0.78 ac (33,846 SF)
Zoning code
I1 - LT INDUSTRIAL DIST
APN
721-70-98-68-200-004
UPID
US87-1220955
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
-
Robert Levy Physician
-
Dr. Gloria Ward Dental Office
-
Tira Tonya M OD Physician
-
Dr. Bruce Kiraly Physician
-
Michael Gore Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$886k
Blend (final)
Blend
$805k
Owner & transaction history
Eyes Have It LLC · 6 yrs held
Eyes Have It LLC
since 2020
Last sale
$840,000
5 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
+61.2%
Auto repair, garage
$740,000
+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
$710,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$500,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$695,000
Current use
COMMERCIAL (GENERAL)
$1,120,000
Change: +61% · Conversion: Easy
AUTO REPAIR, GARAGE
$740,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$600,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $840k (Mar 24 2020)
Last sale anchor
$840k
Mar 24 2020
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
$270 / 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
$5,661
Tax year 2024
Assessed value
$623,200
Assessed 2024
Previous assessed
$596,400
+4.5% YoY
Effective rate
0.91%
On assessed value
Assessed land
$78,000
Assessed improvement
$545,200
Land market value
$78,000
Improvement market value
$545,200
Total market value
$623,200
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
2,982 SF
Lot
0.78 ac (33,846 SF)
Zoning code
I1 - LT INDUSTRIAL DIST
APN
721-70-98-68-200-004
UPID
US87-1220955
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
$695,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$740,000
RETAIL STORES
Est. value
$600,000
OFFICE BUILDING Current
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
2008
Heating
NONE
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Eyes Have It LLC
Entity
Mailing address
2740 WINDY MDW LN, POWHATAN, VA 23139-7847
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2020
—
Eyes Have It LLC
Gerald R Neidigh JR.
Grant Deed
related
—
Mar 23, 2020
—
Gerald R Neidigh JR.
Two Guys & Your Eyes LLC
Grant Deed
related
—
Jan 30, 2020
$840,000
Two Guys & Your Eyes LLC
Mega Mid Atlantic Specialists
Warranty Deed
—
Apr 24, 2009
$715,000
Mid Atlantic Mega Specialist
Katherman Investments INC
Grant Deed
$375,000 · Peoples Bank Va
—
—
Mega Mid Atlantic Specialists
—
Deed Of Trust
related
$300,000 · Mcchar LLC
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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