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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Medical Office Space
1501 Santa Rosa Rd Henrico, VA 23229-5106
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3714034
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
10,446 SF
Lot
1.07 ac (46,696 SF)
Zoning code
O-2C
APN
758-743-7963
UPID
US87-3714034
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
$2.31M
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$2.87M
Owner & transaction history
Smbc Leasing And Finance INC · 1 yrs held
Smbc Leasing And Finance INC
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
O-2C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+68.9%
Auto repair, garage
$1.9M
+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 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%
$2,495,000
6.5%
$2,305,000
7%
$2,140,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,740,000
Current use
RESTAURANT
$2,940,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,905,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10% · vs last sale $3.27M (Oct 2 2024)
Last sale anchor
$3.27M
Oct 2 2024
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
$275 / 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
Assessed value
$3,220,300
Assessed 2024
Previous assessed
$3,220,300
+0.0% YoY
Assessed land
$245,200
Assessed improvement
$2,975,100
Land market value
$245,200
Improvement market value
$2,975,100
Total market value
$3,220,300
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
2007
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
10,446 SF
Lot
1.07 ac (46,696 SF)
Zoning code
O-2C
APN
758-743-7963
UPID
US87-3714034
Jurisdiction
HENRICO
Zoning & alternative use
O-2C · Henrico, VA
Zoning O-2C · permitted uses
O-2C · 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
MEDICAL BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Mailing address
NEW YORK, NY 10185
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 2, 2025
$3,272,047
Smbc Leasing And Finance INC
Arg Di51pck001 LLC
Special Warranty Deed
—
Jul 30, 2020
—
Arg Di51pck001 LLC
—
Deed
related
$715,000,000 · Column Financial INC
Jun 5, 2019
—
Elliott Bay Healthcare Realty
—
Deed
related
$1,730,748 · Cortland Products Corp
May 23, 2017
$2,700,000
Elliott Bay Healthcare Realty
Santa Rosa Inv
Grant Deed
—
Feb 5, 2008
$595,000
Village Bank
Santa Rosa Investments
Grant Deed
related
—
Oct 14, 2005
$650,000
Santa Rosa Invstmts LLC
Forest Park Assoc LLC
Grant Deed
—
—
—
Elliott Bay Healthcare Realty
—
Deed Of Trust
related
$1,730,748 · Cortland Products Corp
—
—
Santa Rosa Inves
—
Deed Of Trust
related
$1,000,000 · Towne 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.
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