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Property profile & analytics
FOR SALE
Office buildings
1700 Huguenot Rd Midlothian, VA 23113
Individually Owned
5-yr Hold
Free & Clear
Property ID
US87-0125990
For Sale
1 / 2
$1,400,000
1700 Huguenot Rd, Midlothian, VA 23113
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
5,915 SF
Lot
1.42 ac (61,681 SF)
Zoning code
A - AGRICULTURAL
APN
739-71-21-76-700-000
UPID
US87-0125990
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
-
The Malott Law Firm Law Firm
-
Rich Law Debt Solutions Law Firm Financial Advisor
-
River City Elite Properties Real Estate Agency
-
James Nay Real Estate Real Estate Agency
-
Complete, Whole & Compassionate Care, LLC Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.04M
Owner & transaction history
Phuong V Nguyen · 5 yrs held
Phuong V Nguyen
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
A - AGRICULTURAL · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+6.2%
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 Midlothian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midlothian 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
$930,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,380,000
Current use
AUTO REPAIR, GARAGE
$1,465,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$1,195,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.10M (Nov 13 2020)
Last sale anchor
$1.10M
Nov 13 2020
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
$175 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,472
Tax year 2024
Assessed value
$913,500
Assessed 2024
Previous assessed
$961,300
-5.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$641,500
Assessed improvement
$272,000
Land market value
$641,500
Improvement market value
$272,000
Total market value
$913,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1981
Heating
NONE
Stories
1
Total area
5,915 SF
Lot
1.42 ac (61,681 SF)
Zoning code
A - AGRICULTURAL
APN
739-71-21-76-700-000
UPID
US87-0125990
Jurisdiction
CHESTERFIELD
Zoning & alternative use
A - AGRICULTURAL · Midlothian, VA
Zoning A - AGRICULTURAL · permitted uses
A - AGRICULTURAL · Midlothian, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midlothian. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1981
Heating
NONE
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Phuong V Nguyen
Individual
Free & Clear · 5 yrs held
Mailing address
2721 NESTLEBROOK TRL, VIRGINIA BEACH, VA 23456-8215
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2020
$1,100,000
Phuong V Nguyen
1700 Huguenot Props LLC
Warranty Deed
—
Nov 13, 2020
—
Van Nguyen Phuoung
—
Deed
related
$565,000 · First Citizens Bk
Sep 30, 2010
—
1700 Huguenot Properties LLC
Fleck,michael J & Sherri S
Grant Deed
$480,000 · Bank Of Hampton Roads
Nov 1, 2006
$1,145,000
Michael J Fleck
Seventeen Hundred Hug Rd LLC
Grant Deed
$525,000 · Union Bank & Trust
—
—
Michael J Fleck
—
Deed Of Trust
related
$525,000 · Union Bank & Trust
—
—
Michael J Fleck
—
Deed Of Trust
related
$525,000 · Union Bank & Trust
—
—
1700 Huguenot Properties LLC
—
Loan Modification
related
$525,000 · Bank Of Hampton Roads
—
—
1700 Huguenot Properties LLC
—
Deed Of Trust
related
$50,000 · Bank Of Hampton Roads
—
—
Van Nguyen Phuoung
—
Deed Of Trust
related
$565,000 · First Citizens Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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