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Property profile & analytics
OFF-MARKET
Estimated value
$7,780,000
Hospitals
1776 Cambridge Dr Henrico, VA 23238-3203
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-0411487
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1981
Total area
69,358 SF
Lot
5 ac (217,800 SF)
Zoning code
R-5
APN
732-748-9590
UPID
US87-0411487
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.34M
Blend (final)
Blend
$7.78M
Owner & transaction history
Canterbury Property 1 LLC · 6 yrs held
Canterbury Property 1 LLC
since 2020
Last sale
$8.1M
4 recorded transactions
Zoning & alternative use
R-5 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.6M
+9.3%
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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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
$7,690,000
ML approach
$7,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,555,000
Current use
AUTO REPAIR, GARAGE
$12,635,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,395,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,150,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,950,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$10,255,000
Change: -11% · Conversion: Easy
RETAIL STORES
$9,990,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.78M
Range $7.00M – $8.56M · ±10% · vs last sale $8.07M (Jan 14 2020)
Last sale anchor
$8.07M
Jan 14 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
$112 / 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
$74,477
Tax year 2023
Assessed value
$8,973,100
Assessed 2024
Previous assessed
$8,973,100
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$980,100
Assessed improvement
$7,993,000
Land market value
$980,100
Improvement market value
$7,993,000
Total market value
$8,973,100
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1981
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
190
Bathrooms
190
Total area
69,358 SF
Lot
5 ac (217,800 SF)
Zoning code
R-5
APN
732-748-9590
UPID
US87-0411487
Jurisdiction
HENRICO
Zoning & alternative use
R-5 · Henrico, VA
Zoning R-5 · permitted uses
R-5 · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$12.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$11.0M
OFFICE BUILDING
Est. value
$10.3M
RETAIL STORES
Est. value
$10.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Rooms
190
Bathrooms
190
Lot
5 ac
Current owner
From public records · entity-resolved
Canterbury Property 1 LLC
Entity
Mailing address
1608 RTE 88TH STE #200, BRICK, NJ 08724-3009
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
$8,070,000
Canterbury Property 1 LLC
Lexington Holdings LLC
Special Warranty Deed
$71,300,000 · M&t Bank
Aug 19, 2010
—
Lexington Holdings LLC
—
Deed Of Trust
related
$7,400,000 · Wells Fargo Bank
Jul 16, 2008
—
Adelman Graham L Tr
Adelman,graham L
Quit Claim Deed
related
$7,783,000 · Wachovia Mortgage Co
—
—
Lexington Holdings LLC
—
Deed Of Trust
related
$7,400,000 · Wells Fargo Bank
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.
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