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Property profile & analytics
FOR LEASE
Office buildings
1700 Bayberry Ct Richmond, VA 23226
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0052268
For Lease
1 / 5
$7,320,000
1700 Bayberry Ct, Richmond, VA 23226
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
47,936 SF
Lot
3.17 ac (137,955 SF)
Zoning code
MIXE
APN
763-745-4368
UPID
US87-0052268
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
-
Creswell Partners Financial Advisor
-
Patricia C. Arrighi Law Firm
-
Johnson & Associates Accounting Firm Tax Preparation
-
GrayCo Inc. Property Management Company
-
Sunset Detox Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.59M
Blend (final)
Blend
$7.32M
Owner & transaction history
Glen Forest Owners Corp · 4 yrs held
Glen Forest Owners Corp
since 2022
Last sale
$7.7M
3 recorded transactions
Zoning & alternative use
MIXE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,750,000
ML approach
$6,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,855,000
Current use
AUTO REPAIR, GARAGE
$8,730,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$7,985,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,875,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,705,000
Change: -13% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,570,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$7.32M
Range $6.59M – $8.05M · ±10% · vs last sale $7.71M (Jan 12 2022)
Last sale anchor
$7.71M
Jan 12 2022
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
$153 / 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
$52,336
Tax year 2023
Assessed value
$6,305,600
Assessed 2024
Previous assessed
$6,305,600
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$586,300
Assessed improvement
$5,719,300
Land market value
$586,300
Improvement market value
$5,719,300
Total market value
$6,305,600
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Heating
NONE
Cooling
AC.PACKAGE
Stories
3
Total area
47,936 SF
Lot
3.17 ac (137,955 SF)
Zoning code
MIXE
APN
763-745-4368
UPID
US87-0052268
Jurisdiction
HENRICO
Zoning & alternative use
MIXE · Richmond, VA
Zoning MIXE · permitted uses
MIXE · 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
OFFICE BUILDING Current
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1988
Heating
NONE
Cooling
Yes
Stories
3
Lot
3.17 ac
Current owner
From public records · entity-resolved
Glen Forest Owners Corp
Entity
Free & Clear · 4 yrs held
Mailing address
7201 GLN FRST DR STE #202, RICHMOND, VA 23226-3759
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
$8,047,058
Glen Forest Owners Corp
Fc Richmond II LLC
Special Warranty Deed
—
Jan 12, 2022
$7,710,588
Glen Forest Owners Corp
Fc Richmond II LLC
Special Warranty Deed
$59,000,000 · Citi Real Estate Funding INC
Aug 3, 2007
$8,447,983
Fc Richmond II LLC
Pruitt Assoc LLC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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