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Property profile & analytics
FOR LEASE
Office buildings
2015 Staples Mill Rd Richmond, VA 23230
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-0016494
For Lease
1 / 2
Contact for pricing
2015 Staples Mill Rd, Richmond, VA 23230
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Total area
254,997 SF
Lot
21.25 ac (925,737 SF)
Zoning code
B-3C
APN
775-737-4781
UPID
US87-0016494
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
-
Anthem Blue Cross Blue Shield Insurance Agency
-
ATM Assurance Federal Credit Union Credit Union
-
Anthem Health Plans of Va Inc Insurance Agency
-
Hmo Virginia Healthkeepers Insurance Agency
-
Associates Credit Union Inc Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$66.18M
CAP Approach
CAP
$56.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$66.18M
Owner & transaction history
2000 Maywill LLC · 2 yrs held
2000 Maywill LLC
since 2024
Last sale
$66.2M
4 recorded transactions
Zoning & alternative use
B-3C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$71.8M
+107.2%
Auto repair, garage
$46.4M
+34.1%
Medical building
$42.5M
+22.6%
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
$66,175,000
ML approach
$66,175,000
CAP Approach
CAP Return
Estimation
6%
$60,950,000
6.5%
$56,260,000
7%
$52,245,000
Alternative Use
Use
Estimation
RESTAURANT
$71,755,000
Change: +107% · Conversion: Moderate
AUTO REPAIR, GARAGE
$46,445,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$42,475,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$41,895,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$40,995,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$66.18M
Range $59.56M – $72.79M · ±10% · vs last sale $66.17M (Feb 22 2024)
Last sale anchor
$66.17M
Feb 22 2024
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
$260 / 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
$222,405
Tax year 2023
Assessed value
$26,165,300
Assessed 2024
Previous assessed
$26,165,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,429,100
Assessed improvement
$23,736,200
Land market value
$2,429,100
Improvement market value
$23,736,200
Total market value
$26,165,300
Applied tax rate
3.0000
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
1968
Heating
FORCED AIR
Cooling
YES
Stories
4
Total area
254,997 SF
Lot
21.25 ac (925,737 SF)
Zoning code
B-3C
APN
775-737-4781
UPID
US87-0016494
Jurisdiction
HENRICO
Zoning & alternative use
B-3C · Richmond, VA
Zoning B-3C · permitted uses
B-3C · 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
RESTAURANT
Est. value
$71.8M
AUTO REPAIR, GARAGE
Est. value
$46.4M
MEDICAL BUILDING
Est. value
$42.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$41.0M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1968
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
21.25 ac
Current owner
From public records · entity-resolved
2000 Maywill LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
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
Feb 22, 2024
—
2000 Maywill LLC
County Of Henrico Virginia
Quit Claim Deed
related
—
Aug 31, 2023
$66,172,500
Sfp 2103 Staples Mill Rd I LLC
2000 Maywill LLC
Special Warranty Deed
$49,572,500 · City National Bank Of West Virginia
Jan 9, 2023
$77,185,792
2000 Maywill LLC
Anthem Health Plans Of Virginia INC
Special Warranty Deed
—
Jun 1, 2004
$34,000,100
Anthem Health Plans Of Kentucky
Anthem Health Plans Of Va INC
Grant Deed
related
—
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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