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    Property profile & analytics

    1505 Parham Rd Henrico, VA 23229-4604

    • Super regional malls
    • 66,960 SF
    • 6.17 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 31, 2023
    $20,300,000
    Location Intelligence
    Property ID
    US87-0795107
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ridge Dog Shop / Pet Groomer

    Property Details for 1505 Parham Rd

    Year built
    1969
    Lot size
    6.17 lot acres
    Property size
    66,960 SF
    Zone code
    B-2
    Property type
    Super regional malls
    APN
    754-744-1970
    APU
    7547441970

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5634
    Latitude
    37.6036
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $89,979
    $2,687,700
    $8,153,100
    $10,840,800
    -
    $2,687,700
    $8,153,100
    $10,840,800

    Comparable in this City

    • Value Estimation by Request
      46,613 SF

      403 Rdg Rd

      REGIONAL SHOPPING CENTER, MALL • 46,613 SF
      403 Rdg Rd, Henrico, VA 23229-7403
      View Details
    • Value Estimation by Request
      39,846 SF

      8901 3rd Chopt Rd

      REGIONAL SHOPPING CENTER, MALL • 39,846 SF
      8901 3rd Chopt Rd, Henrico, VA 23229-4643
      View Details
    • Value Estimation by Request
      77,940 SF

      8910 Quioccasin Rd

      REGIONAL SHOPPING CENTER, MALL • 77,940 SF
      8910 Quioccasin Rd, Henrico, VA 23229-5534
      View Details
    • Value Estimation by Request
      7,600 SF

      8671 Quioccasin Rd

      REGIONAL SHOPPING CENTER, MALL • 7,600 SF
      8671 Quioccasin Rd, Henrico, VA 23229-5503
      View Details
    • Value Estimation by Request
      25,594 SF

      8801 3rd Chopt Rd

      REGIONAL SHOPPING CENTER, MALL • 25,594 SF
      8801 3rd Chopt Rd, Henrico, VA 23229-4755
      View Details
    • Value Estimation
      $2,670,000
      556,376 SF

      1420 Parham Rd

      REGIONAL SHOPPING CENTER, MALL • 556,376 SF
      1420 Parham Rd, Henrico, VA 23229-5513
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      3,525 SF

      Richmond Retail Center For Lease

      Neighborhood shopping center with high traffic and instant name recognition.
      8502-8540 Patterson Ave, Richmond, VA 23229
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      15,200 SF

      Regency Shopping Center Retail Space

      Retail spaces available in Richmond's neighborly shopping center.
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      1,500 SF

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      Retail spaces available in a Fresh Market anchored shopping center.
      1505-1527 N Parham Rd, Richmond, VA 23229
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      1,800 SF

      Neighborhood Shopping Center Retail Space

      Retail space in renovated neighborhood shopping center near Regency Mall.
      9101-9115 Quioccasin Rd, Richmond, VA 23229
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      2,360 SF

      Luxury Retail Space in Richmond

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      Retail space available for rent in Richmond, Virginia.
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    1505 Parham Rd
    Henrico, VA 23229-4604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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