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    Property profile & analytics

    1700 Oak Lk E Blvd Midlothian, VA 23112-3995

    • Industrial properties
    • 6,660 SF
    • 2.95 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2025
    $1,800,000
    Value Estimations
    $1,855,000
    Show details
    Cap Rate Potential
    4.2%
    Industrial properties
    Location Intelligence
    Property ID
    US87-1142001
    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

    • Capitol Kitchens / Hardware & Home Improvement / Kitchen & Bath Showroom
    • Capitol Granite / Kitchen & Bath Showroom / Hardware & Home Improvement

    Property Details for 1700 Oak Lk E Blvd

    Year built
    2005
    Lot size
    2.95 lot acres
    Property size
    6,660 SF
    Zone code
    I1 - LT INDUSTRIAL DIST
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    736-69-08-53-300-000
    APU
    736690853300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,910,000
      ML approach
      $1,920,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,350,000
      6.5%
      $1,245,000
      7%
      $1,155,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,980,000
      Current use
      RESTAURANT
      $2,900,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6251
    Latitude
    37.4548
    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
    2024
    $20,285
    $229,100
    $1,888,600
    $2,117,700
    -
    $229,100
    $1,888,600
    $2,117,700

    Comparable in this City

    • Value Estimation
      $1,230,000
      7,234 SF

      12227 Deerhill Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 7,234 SF
      12227 Deerhill Rd, Midlothian, VA 23112-3997
      View Details
    • Value Estimation
      $935,000
      7,800 SF

      12601 Genito Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 7,800 SF
      12601 Genito Rd, Midlothian, VA 23112-3911
      View Details
    • Value Estimation
      $765,000
      5,118 SF

      13501 Boundary Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,118 SF
      13501 Boundary Rd, Midlothian, VA 23112-3931
      View Details
    • Value Estimation by Request
      2,000 SF

      13510 Boundary Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,000 SF
      13510 Boundary Rd, Midlothian, VA 23112-4057
      View Details
    • Value Estimation
      $640,000
      5,890 SF

      2501 Oak Lk Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,890 SF
      2501 Oak Lk Blvd, Midlothian, VA 23112-3988
      View Details
    • Value Estimation
      $830,000
      4,953 SF

      12733 Oak Lk Ct

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,953 SF
      12733 Oak Lk Ct, Midlothian, VA 23112-3993
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      24,000 SF Industrial Investment Property

      Industrial facility built in 2007 near Rt. 288 & Powhite.
      12141 Wilfong Ct, Midlothian, VA 23112
      View Details
    • Contact for pricing

      Land with Reservoir Water Views

      Commercial land with public utilities and reservoir views.
      14801 Genito Rd, Midlothian, VA 23112
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    • Contact for pricing
      9,343 SF

      Veterinary Space Near Brandermill

      7,927 SF space near Powhite Parkway and Route 288.
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      Land Available on Warbro Road

      Land with high traffic volume on Hull Street Road.
      3901 Warbro Rd, Midlothian, VA 23112
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    • $6,000,000
      279.12 Acres

      279 Acres for Residential Development

      279 acres of land prime for residential development in Midlothian.
      1949 Mt Hermon Rd, Midlothian, VA 23112
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    • Contact for pricing

      Midlothian Land Parcel For Sale

      1.6 acre commercial land parcel in Midlothian, Virginia.
      6730 Temie Lee Pkwy, Midlothian, VA 23112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      155,074 SF

      Midlothian Flex Space - Hull Street Rd

      Prime Retail/Industrial Flex Space in Midlothian, VA
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    • Contact for pricing
      5,000 SF

      Midlothian Commercial Land for Lease

      Prime 5,000 SF Commercial Lot
      13518 Hull Street Rd, Midlothian, VA 23112
      View Details
    • Contact for pricing
      271,215 SF

      Midlothian Retail Space Available

      Prime Midlothian retail space, 4,000-8,000 sq ft.
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      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Midlothian, VA

      Retail space with access to major routes in Midlothian.
      15600-15604 Wc Main St, Midlothian, VA 23112
      View Details
    • Contact for pricing
      1,200 SF

      123,772 SF Shopping Center

      Shopping center on Hull Street Road, accessible by Route 288.
      13612-13700 Hull Street Rd, Midlothian, VA 23112
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Wilton Square

      Neighborhood shopping center in Brandermill with diverse tenant mix.
      13603-13625 Genito Rd, Midlothian, VA 23112
      View Details
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    Midlothian, VA 23112-3995
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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