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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Banks
14520 Hancock Vlg St Chesterfield, VA 23832-2773
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-2356851
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2017
Total area
10,700 SF
Lot
1.26 ac (55,016 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
723-67-12-94-100-000
UPID
US87-2356851
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
-
Latoya Perkins - Perkins Group Of Richmond LLC Real Estate Agency
-
Virginia CU Realty Real Estate Agency
-
Dan Tulli, Realtor Real Estate Agency
-
Sarah Thornton, Virginia CU Realty LLC Real Estate Agency
-
Angie Nishnick, Managing Broker in Virginia Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Edcovacu LLC · 8 yrs held
Edcovacu LLC
since 2017
3 recorded transactions
Zoning & alternative use
C3 - COMMUNITY BUS DIST · Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+26.7%
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 Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesterfield 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$830,000
Current use
RESTAURANT
$1,050,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$710,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
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
$63 / 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
$42,902
Tax year 2024
Assessed value
$4,739,700
Assessed 2024
Previous assessed
$4,443,600
+6.7% YoY
Effective rate
0.91%
On assessed value
Assessed land
$786,700
Assessed improvement
$3,953,000
Land market value
$786,700
Improvement market value
$3,953,000
Total market value
$4,739,700
Applied tax rate
4.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2017
Heating
HEAT PUMP
Stories
2
Total area
10,700 SF
Lot
1.26 ac (55,016 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
723-67-12-94-100-000
UPID
US87-2356851
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C3 - COMMUNITY BUS DIST · Chesterfield, VA
Zoning C3 - COMMUNITY BUS DIST · permitted uses
C3 - COMMUNITY BUS DIST · Chesterfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesterfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$830,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$820,000
RETAIL STORES
Est. value
$710,000
FINANCIAL BUILDING Current
RESTAURANT
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
2017
Heating
HEAT PUMP
Stories
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Edcovacu LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 90010, RICHMOND, VA 23225-9010
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2017
—
Edcovacu LLC
Edco LLC
Quit Claim Deed
related
—
May 25, 2017
—
Edco LLC
—
Loan Modification
related
$11,522,424 · First Cmnty Bk
Sep 12, 2013
—
Edco LLC
—
Deed Of Trust
related
$10,110,000 · First Community 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.
Try Rey
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