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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Retail space
14746 Vlg Sq Pl Midlothian, VA 23112-2253
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0956799
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
16,010 SF
Lot
2.51 ac (109,466 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
720-67-24-79-200-000
UPID
US87-0956799
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
-
Lucky's Woodlake Grocery & Convenience Store
-
ATM (Lucky's Woodlake) Atm
-
FedEx Drop Box Postal Service Courier Service
-
bp Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.24M
Owner & transaction history
Mahases Vs LLC · 4 yrs held
Mahases Vs LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
C2 - NBHD BUSINESS DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,125,000
ML approach
$2,025,000
CAP Approach
CAP Return
Estimation
6%
$3,380,000
6.5%
$3,120,000
7%
$2,900,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,235,000
Current use
OFFICE BUILDING
$2,740,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10% · vs last sale $2.25M (Jul 1 2022)
Last sale anchor
$2.25M
Jul 1 2022
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
$140 / 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
$19,019
Tax year 2024
Assessed value
$2,107,700
Assessed 2024
Previous assessed
$2,183,800
-3.5% YoY
Effective rate
0.90%
On assessed value
Assessed land
$421,400
Assessed improvement
$1,686,300
Land market value
$421,400
Improvement market value
$1,686,300
Total market value
$2,107,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Total area
16,010 SF
Lot
2.51 ac (109,466 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
720-67-24-79-200-000
UPID
US87-0956799
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C2 - NBHD BUSINESS DIST · Midlothian, VA
Zoning C2 - NBHD BUSINESS DIST · permitted uses
C2 - NBHD BUSINESS 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
RETAIL STORES Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES Current
OFFICE BUILDING
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
1987
Heating
NONE
Stories
1
Lot
2.51 ac
Current owner
From public records · entity-resolved
Mahases Vs LLC
Entity
Mailing address
2701 LOGAN ESTS RUN, HENRICO, VA 23233-8710
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$2,250,000
Mahases Vs LLC
Lucca Properties Lc
Warranty Deed
$1,650,000 · Lucca Properties LLC
Mar 23, 2022
$180,000
Madison Mann
Richard A Halsaver
Warranty Deed
—
May 13, 2021
$146,500
David Pasko
Peter Butler
Warranty Deed
—
Oct 23, 2019
$136,500
Ashley H Tran
Thomas M Hirsch SR.
Warranty Deed
$132,405 · C&f Mtg
Feb 18, 2016
$800,000
Lucca Properties LLC
Chiocca,teresa M
Grant Deed
—
Mar 2, 2015
—
Michele L Chiocca
Chiocca Vernelle C & Albert R
Quit Claim Deed
related
—
Apr 29, 2005
$137,500
Elton G Painter
Chiocca Rlty LLC
Grant Deed
$102,000 · Wachovia Mortgage Co
Apr 4, 2005
$129,500
Jenny L Youman
Chiocca Rlty LLC
Grant Deed
$90,650 · Weststar Mortgage Corp
Mar 11, 2005
$129,500
Joseph Gambino SR.
Chiocca Rlty LLC
Grant Deed
$99,500 · Bank Of America
Mar 7, 2005
$115,000
Peter Butler
Chiocca Rlty LLC
Grant Deed
—
—
—
Annielise D Johnson
—
Deed Of Trust
related
$16,900 · Wachovia Bank NA
—
—
Terrance B Farrar
—
Deed Of Trust
related
$95,900 · Suntrust Mortgage INC
—
—
Kelly M Kennedy
—
Deed Of Trust
related
$148,000 · Housing Dev Authority Virginia
—
—
Joseph Gambino SR.
—
Deed Of Trust
related
$22,700 · Bank Of America
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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