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Property profile & analytics
FOR LEASE
Office buildings
2221 Edward Holland Dr Richmond, VA 23230
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-0731892
For Lease
1 / 2
$11,410,000
2221 Edward Holland Dr, Richmond, VA 23230
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
206,253 SF
Lot
12.62 ac (549,727 SF)
Zoning code
M-1
APN
775-740-9728
UPID
US87-0731892
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
-
Schukman Jay S MD Physician
-
Colliers International Real Estate Agency
-
FedEx Drop Box Shipping Company Freight Service
-
WPM MidSouth Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.47M
Blend (final)
Blend
$11.41M
Owner & transaction history
Marwaha Tower III LLC
Marwaha Tower III LLC
since 2025
Last sale
$13.0M
2 recorded transactions
Zoning & alternative use
M-1 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.41M
Range $10.27M – $12.55M · ±10% · vs last sale $13.00M (Jul 21 2025)
Last sale anchor
$13.00M
Jul 21 2025
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
$55 / 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
$192,148
Tax year 2023
Assessed value
$22,605,600
Assessed 2024
Previous assessed
$22,605,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,336,300
Assessed improvement
$20,269,300
Land market value
$2,336,300
Improvement market value
$20,269,300
Total market value
$22,605,600
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
1990
Heating
NONE
Cooling
AC.PACKAGE
Stories
6
Total area
206,253 SF
Lot
12.62 ac (549,727 SF)
Zoning code
M-1
APN
775-740-9728
UPID
US87-0731892
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Richmond, VA
Zoning M-1 · permitted uses
M-1 · 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.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Cooling
Yes
Stories
6
Lot
12.62 ac
Current owner
From public records · entity-resolved
Marwaha Tower III LLC
Entity
Mailing address
150 W MAIN ST STE #1100, NORFOLK, VA 23510-1682
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
—
Marwaha Tower III LLC
Holland Park Associates Ilp
Deed
related
$8,450,000 · Southern Bank & Trust Co
Oct 21, 2025
$13,000,000
Marwaha Tower III LLC
Holland Park Associates I LP
Special Warranty Deed
$8,450,000 · Southern Bank & Trust Co
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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