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Property profile & analytics
OFF-MARKET
Estimated value
$5,085,000
Office buildings
1920 Parham Rd Henrico, VA 23228-2206
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-0328726
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
31,998 SF
Lot
9.31 ac (405,544 SF)
Zoning code
O-2
APN
777-758-2319
UPID
US87-0328726
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
$4.82M
CAP Approach
CAP
$7.06M
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$5.09M
Owner & transaction history
Marwaha Business Park LLC · 3 yrs held
Marwaha Business Park LLC
since 2023
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
O-2 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.8M
+29.5%
Medical building
$5.3M
+18.4%
Neighborhood: shopping center
$5.3M
+16.8%
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
$4,630,000
ML approach
$4,815,000
CAP Approach
CAP Return
Estimation
6%
$7,650,000
6.5%
$7,060,000
7%
$6,555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,500,000
Current use
AUTO REPAIR, GARAGE
$5,830,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$5,330,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,255,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,145,000
Change: +14% · Conversion: Easy
RETAIL STORES
$4,610,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,500,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$5.09M
Range $4.58M – $5.59M · ±10% · vs last sale $5.35M (Jan 6 2023)
Last sale anchor
$5.35M
Jan 6 2023
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
$159 / 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
$50,561
Tax year 2023
Assessed value
$5,948,300
Assessed 2024
Previous assessed
$5,948,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$837,900
Assessed improvement
$5,110,400
Land market value
$837,900
Improvement market value
$5,110,400
Total market value
$5,948,300
Applied tax rate
4.0000
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
Off-Market
Year built
1989
Heating
FORCED AIR
Stories
1
Total area
31,998 SF
Lot
9.31 ac (405,544 SF)
Zoning code
O-2
APN
777-758-2319
UPID
US87-0328726
Jurisdiction
HENRICO
Zoning & alternative use
O-2 · Henrico, VA
Zoning O-2 · permitted uses
O-2 · 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
OFFICE BUILDING Current
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
RETAIL STORES
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1989
Heating
FORCED AIR
Stories
1
Lot
9.31 ac
Current owner
From public records · entity-resolved
Marwaha Business Park LLC
Entity
Free & Clear · 3 yrs held
Mailing address
255 WASHINGTON ST, NEWTON, MA 02458-1637
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
Marwaha Business Park LLC
—
Deed
related
$11,200,000 · Virginia National Bank
Jan 6, 2023
$5,350,000
Marwaha Business Park LLC
Sir Properties Trust
Special Warranty Deed
—
Jul 21, 2015
$12,750,000
Sir Props Trust
Jedd Of South Carolina LLC
Warranty Deed
—
Jul 29, 2011
—
Jedd Of South Carolina LLC
—
Grant Deed
related
$3,600,000 · Union First Market Bank
Jun 16, 2011
—
Jedd Of South Carolina LLC
—
Deed Of Trust
related
$4,400,000 · Union First Market Bank
Jul 3, 2008
$7,600,000
Jedd Of South Carolina LLC
Parham Place I Assoc LLC
Grant Deed
—
—
—
Jedd Of South Carolina LLC
—
Deed Of Trust
related
$400,000 · Union First Market 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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