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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Day care centers
1501 Midview Rd Henrico, VA 23231-5203
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US87-0929705
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2011
Total area
16,731 SF
Lot
4.78 ac (208,217 SF)
Zoning code
B-1C
APN
803-701-8673
UPID
US87-0929705
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Karverly INC · 15 yrs held
Karverly INC
since 2011
7 recorded transactions
Zoning & alternative use
B-1C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+34.2%
Office building
$1.6M
+32.1%
Restaurant
$1.4M
+17.2%
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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,215,000
Current use
INDUSTRIAL (GENERAL)
$1,630,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,605,000
Change: +32% · Conversion: Difficult
RESTAURANT
$1,420,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$1,345,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,165,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$64 / 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
$27,474
Tax year 2023
Assessed value
$3,232,200
Assessed 2024
Previous assessed
$3,232,200
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$366,500
Assessed improvement
$2,865,700
Land market value
$366,500
Improvement market value
$2,865,700
Total market value
$3,232,200
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2011
Heating
HEAT PUMP
Stories
1
Total area
16,731 SF
Lot
4.78 ac (208,217 SF)
Zoning code
B-1C
APN
803-701-8673
UPID
US87-0929705
Jurisdiction
HENRICO
Zoning & alternative use
B-1C · Henrico, VA
Zoning B-1C · permitted uses
B-1C · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
2011
Heating
HEAT PUMP
Stories
1
Lot
4.78 ac
Current owner
From public records · entity-resolved
Karverly INC
Entity
Mailing address
6861 COLD HBR RD, MECHANICSVILLE, VA 23111-3303
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2011
$495,403
Karverly INC
Saldus-west LLC
Grant Deed
$500,000 · Peoples Bank Va
Nov 7, 2008
$500,000
Saldus-west
Mid-view Associates LLC
Grant Deed
—
—
—
Karverly INC
—
Deed Of Trust
related
$1,950,000 · Peoples Bank Va
—
—
Karverly INC
—
Loan Modification
related
$2,154,455 · First Cmnty Bk
—
—
Karverly INC
—
Deed Of Trust
related
$1,860,000 · Business Finance Group INC
—
—
Karverly INC
—
Deed Of Trust
related
$4,089,770 · Peoples Bank Va
—
—
Karverly INC
—
Deed Of Trust
related
$3,940,000 · Essex Bk
—
—
Greenleaf Builders INC
—
Deed Of Trust
related
$267,750 · Bank Of Goochland
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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