Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    220 Providence Rd Richmond, VA 23235
    Property profile & analytics

    220 Providence Rd, Richmond, VA 23235

    View on Map
    • Day care centers
    • 5,196 SF
    • 3.61 lot acres
    Off-Market
    Property ID
    US87-0063125
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 220 Providence Rd

    Year built
    2006
    Lot size
    3.61 lot acres
    Zone code
    O2 - CORP OFFICE DIST
    Property type
    Day care centers
    APN
    759-70-74-22-200-000
    APU
    759707422200000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2012 — J P Allison LLC — Deed Of Trust · related $1.1M · Branch Banking & Trust Co
    Feb 28, 2006 $210,000 Allison J P LLC Providence Road Enterprises Grant Deed —
    — — Jp Allison LLC — Deed Of Trust · related $620k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5473
    Latitude
    37.501
    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
    $11,525
    $172,800
    $1,088,300
    $1,261,100
    -
    $172,800
    $1,088,300
    $1,261,100

    Comparable in this City

    • Value Estimation by Request
      66,867 SF

      9321 Midlothian Tpke

      Day care centers
      9321 Midlothian Tpke, Bon Air, VA 23235
      View Details
    • Value Estimation by Request
      4,968 SF

      208 Providence Rd

      DAY CARE, PRE-SCHOOL
      208 Providence Rd, North Chesterfield, VA 23235-5210
      View Details
    • Value Estimation
      $640,000
      9,967 SF

      8210 Walmsley Blvd

      DAY CARE, PRE-SCHOOL
      8210 Walmsley Blvd, North Chesterfield, VA 23235-6433
      View Details
    • Value Estimation by Request
      2,400 SF

      100 Buford Rd

      DAY CARE, PRE-SCHOOL
      100 Buford Rd, North Chesterfield, VA 23235-5204
      View Details
    • Value Estimation by Request
      6,786 SF

      1600 Early Settlers Rd

      DAY CARE, PRE-SCHOOL
      1600 Early Settlers Rd, North Chesterfield, VA 23235-4474
      View Details
    • Value Estimation
      $545,000
      7,230 SF

      11211 Huguenot Rd

      DAY CARE, PRE-SCHOOL
      11211 Huguenot Rd, North Chesterfield, VA 23235-3302
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,950 SF

      Freestanding Retail Building in Richmond

      Single-tenant, net-leased KinderCare with a new 10-year lease.
      2621 Pocoshock Blvd, Richmond, VA 23235
      View Details
    • Contact for pricing
      41,806 SF

      Richmond Office Building For Sale

      Office building for sale in Richmond, Virginia.
      2500 Pocoshock Pl, Richmond, VA 23235
      View Details
    • $109,999
      3.20 Acres

      Residential Land in Chesterfield, VA

      3.2 acres in Stonemill Creek subdivision, ready for building.
      1551 Twilight Ln, Chesterfield, VA 23235
      View Details
    • Contact for pricing

      Midlothian Turnpike Development Parcel

      Commercial development parcel with access to Providence Road.
      8212 Midlothian Tpke, Richmond, VA 23235
      View Details
    • Contact for pricing
      32,194 SF

      Bon Air Research and Clinical Laboratory

      32,194 SF research and clinical laboratory in Bon Air.
      601 Biotech Dr, Bon Air, VA 23235
      View Details
    • Contact for pricing

      Renovated Office Park with Monument Signage

      Recently renovated four-building office park offering office and medical suites, with prominent frontage, courtyard amenities, and ample parking.
      9321-9327 Midlothian Tpke, Midlothian, VA 23235
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      27,700 SF

      High-Visibility Building on Route 360

      Versatile two-story building suitable for various uses along Route 360.
      8141 Hull Street Rd North, Richmond, VA 23235
      View Details
    • Contact for pricing

      VA, Richmond - Forest Hill Avenue

      Workspaces, services and support to help you work better in MN, Minnetonka - County Road
      9211 Forest Hill Ave, Richmond, VA 23235
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Richmond, Virginia.
      10400 Midlothian Tpke, Richmond, VA 23235
      View Details
    • Contact for pricing
      6,220 SF

      Move-in Ready Office Suites Available

      Office suites available from 1,207 SF to 7,382 SF.
      10800 Midlothian Tpke, North Chesterfield, VA 23235
      View Details
    • Contact for pricing
      4,184 SF

      Class A Office Building Space

      Modern office building with highway access and ample parking.
      100 Gateway Centre Pkwy, Richmond, VA 23235
      View Details
    • Contact for pricing
      8,250 SF

      Retail Space on Hull Street

      Retail space with high visibility and ample parking.
      7128 Hull Street Rd, Richmond, VA 23235
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    220 Providence Rd
    Richmond, VA 23235
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    220 Providence Rd, Richmond, VA, 23235
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!