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Property profile & analytics
FOR LEASE
Medical Office Space
1501 Maple Ave Richmond, VA 23226
Entity Owned
14-yr Hold
Free & Clear
Property ID
US87-1313736
For Lease
1 / 2
$11,735,000
1501 Maple Ave, Richmond, VA 23226
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
97,510 SF
Lot
0.91 ac (39,770 SF)
Zoning code
O-3
APN
768-738-6913
UPID
US87-1313736
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
-
Zinsser Plastic Surgery: Dr. John W. Zinsser Physician Medical Clinic
-
BRIAN A. FISHERO, MD Physician
-
Dr. Shannon M. Wolfe, MD Physician
-
Commonwealth Spine and Pain Specialists Physician
-
Dr. Paul E. Caldwell III, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.74M
Owner & transaction history
Hr Stmarys Mob Nw Spe LLC · 14 yrs held
Hr Stmarys Mob Nw Spe LLC
since 2011
2 recorded transactions
Zoning & alternative use
O-3 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$18.0M
+10.9%
Auto repair, garage
$17.8M
+9.3%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
MEDICAL BUILDING
$16,245,000
Current use
OFFICE BUILDING
$18,015,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,760,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,020,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,675,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,395,000
Change: -5% · Conversion: Easy
RETAIL STORES
$14,050,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$11.74M
Range $10.56M – $12.91M · ±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
$120 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$221,421
Tax year 2023
Assessed value
$26,677,200
Assessed 2024
Previous assessed
$26,677,200
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$837,200
Assessed improvement
$25,840,000
Land market value
$837,200
Improvement market value
$25,840,000
Total market value
$26,677,200
Applied tax rate
3.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2005
Heating
FORCED AIR
Cooling
YES
Stories
3
Total area
97,510 SF
Lot
0.91 ac (39,770 SF)
Zoning code
O-3
APN
768-738-6913
UPID
US87-1313736
Jurisdiction
HENRICO
Zoning & alternative use
O-3 · Richmond, VA
Zoning O-3 · permitted uses
O-3 · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$16.2M
OFFICE BUILDING
Est. value
$18.0M
AUTO REPAIR, GARAGE
Est. value
$17.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.7M
COMMERCIAL (GENERAL)
Est. value
$15.4M
RETAIL STORES
Est. value
$14.1M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.91 ac
Current owner
From public records · entity-resolved
Hr Stmarys Mob Nw Spe LLC
Entity
Free & Clear · 14 yrs held
Mailing address
3310 W END AVE STE #700, NASHVILLE, TN 37203-1097
Ownership since
2011
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
Aug 5, 2011
—
Hr Stmarys Mob Nw Spe LLC
Stmarys Mob IV LLC
Quit Claim Deed
related
—
—
—
Stmarys Mob IV LLC
—
Deed Of Trust
related
$12,172,546 · Transamerica Life Insurance 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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