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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
2571 Homeview Dr Henrico, VA 23294-1700
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-1243160
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
4,358 SF
Lot
0.05 ac (2,208 SF)
Zoning code
B-3C
APN
759-756-8555.004
UPID
US87-1243160
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$420k
Blend (final)
Blend
$625k
Owner & transaction history
Vazales Properties LLC · 1 yrs held
Vazales Properties LLC
since 2024
Last sale
$805,000
7 recorded transactions
Zoning & alternative use
B-3C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$795,000
+23.2%
Medical building
$725,000
+12.6%
Neighborhood: shopping center
$715,000
+11.1%
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
$565,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$645,000
Current use
AUTO REPAIR, GARAGE
$795,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +7% · Conversion: Easy
RETAIL STORES
$630,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $805k (May 16 2024)
Last sale anchor
$805k
May 16 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
$143 / 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
$2,686
Tax year 2023
Assessed value
$316,000
Assessed 2024
Previous assessed
$316,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$51,800
Assessed improvement
$264,200
Land market value
$51,800
Improvement market value
$264,200
Total market value
$316,000
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
Off-Market
Year built
1999
Heating
HEAT PUMP
Stories
1
Total area
4,358 SF
Lot
0.05 ac (2,208 SF)
Zoning code
B-3C
APN
759-756-8555.004
UPID
US87-1243160
Jurisdiction
HENRICO
Zoning & alternative use
B-3C · Henrico, VA
Zoning B-3C · permitted uses
B-3C · 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
$645,000
AUTO REPAIR, GARAGE
Est. value
$795,000
MEDICAL BUILDING
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$690,000
RETAIL STORES
Est. value
$630,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1999
Heating
HEAT PUMP
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Vazales Properties LLC
Entity
Mailing address
2571 HOMEVIEW DR, HENRICO, VA 23294-1700
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
Vazales Properties LLC
—
Deed
related
$320,502 · Southstate Bank NA
Aug 16, 2024
$805,000
Vazales Properties LLC
Shannon Properties LLC
Warranty Deed
—
Oct 24, 2022
$725,000
Shannon Properties LLC
The Shriner Group LLC
Warranty Deed
$470,000 · Atlantic Union Bank
Oct 24, 2022
—
Shannon Properties LLC
—
Deed
related
$470,000 · Atlantic Union Bank
Jan 23, 2019
—
Ronnie Shriner Ins Agcy INC
—
Deed
related
$439,200 · Sonabank NA
—
—
Ronnie Shriner Ins Agcy INC
—
Deed Of Trust
related
$439,200 · Sonabank NA
—
—
Shriner Group
—
Deed Of Trust
related
$275,000 · First Capital Bank Ssb
—
—
Shriner Group LLC
—
Deed Of Trust
related
$260,000 · Bank Of Hampton Roads
—
—
Shriner Group LLC
—
Deed Of Trust
related
$277,500 · Nationwide 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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