Entity Owned Property summary
AI-generated overview
This Class A office space encompasses 1,870 square feet and features a higher-level interior finish package and a distinctive architectural design, including spiral stairs that lead to a private “crow’s nest” area. The property is situated at the intersection of Routes 288 and 60 (Midlothian Turnpike) and is adjacent to The Shoppes at Westchester and Westchester Commons, providing proximity to nearby retail and dining establishments.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
19,946 SF
Lot
3.78 ac (164,657 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
714-71-19-66-800-000
UPID
US87-0911447
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Law Firm
-
Real Estate Agency
-
Law Firm
-
Architect Civil Engineer
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$3.72M
Owner & transaction history
since 2007
4 recorded transactions
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · Midlothian, VA
Top alternative use upside
Auto repair, garage
$4.9M
+6.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.72M
Value range
$3.35M – $4.09M
±10% around blend
Estimated value / SF
$187 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$3.35M
blend $3.72M
$4.09M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,946 SF
Lot area
3.78 ac
Year built
2008
Stories
1
APN
714-71-19-66-800-000
Zoning
I2 - GEN INDUSTRIAL DIST
Assessed value
$4,917,900
Annual tax
$45,171
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.60M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.90M
@ 6.5% CAP return
$3.60M
@ 7% CAP return
$3.34M
4
Sales comparison
Partial preview
Sales approach indication
$4.41M
Range $1.23M – $4.88M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.72M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$233
-20%
Submarket 50 sales
$207
-10%
County 140 sales
$196
-5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $187/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+6%
vs current-use indication
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.92M
Move the market yield to see immediate price impact.
Value / SF
$247
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$310k
$6.20M
$4.43M
$3.44M
$344k
$6.89M
$4.92M
$3.83M
$379k
$7.57M
$5.41M
$4.21M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,171
Tax year 2024
Assessed value
$4,917,900
Assessed 2024
Previous assessed
$5,180,700
-5.1% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,091,700
Assessed improvement
$3,826,200
Land market value
$1,091,700
Improvement market value
$3,826,200
Total market value
$4,917,900
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
19,946 SF
Lot
3.78 ac (164,657 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
714-71-19-66-800-000
UPID
US87-0911447
Jurisdiction
CHESTERFIELD
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · Midlothian, VAZoning I2 - GEN INDUSTRIAL DIST · permitted uses
I2 - GEN INDUSTRIAL DIST · Midlothian, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
3.78 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I2 - GEN INDUSTRIAL DIST
Jurisdiction
Midlothian, VA
Recorded code
I2 - GEN INDUSTRIAL DIST
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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