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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Strip malls
2739 Hungary Spg Rd Henrico, VA 23294-6332
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0620564
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
15,970 SF
Lot
1.55 ac (67,562 SF)
Zoning code
B-3
APN
764-751-6125
UPID
US87-0620564
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
$2.93M
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.79M
Owner & transaction history
Hungary Spring Properties LLC · 4 yrs held
Hungary Spring Properties LLC
since 2021
Last sale
$2.7M
1 recorded transaction
Zoning & alternative use
B-3 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+71.3%
Auto repair, garage
$2.9M
+10.9%
Medical building
$2.7M
+1.4%
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
$2,845,000
ML approach
$2,930,000
CAP Approach
CAP Return
Estimation
6%
$3,455,000
6.5%
$3,185,000
7%
$2,960,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,625,000
Current use
RESTAURANT
$4,495,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,910,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$2,660,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,565,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,520,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$2,360,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$2,300,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±10% · vs last sale $2.70M (Oct 8 2021)
Last sale anchor
$2.70M
Oct 8 2021
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
$174 / 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
$21,599
Tax year 2023
Assessed value
$2,541,000
Assessed 2024
Previous assessed
$2,541,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$472,900
Assessed improvement
$2,068,100
Land market value
$472,900
Improvement market value
$2,068,100
Total market value
$2,541,000
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
15,970 SF
Lot
1.55 ac (67,562 SF)
Zoning code
B-3
APN
764-751-6125
UPID
US87-0620564
Jurisdiction
HENRICO
Zoning & alternative use
B-3 · Henrico, VAZoning B-3 · permitted uses
B-3 · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.6M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1975
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Hungary Spring Properties LLC
Entity
Mailing address
8202 OVERBURY RD, RICHMOND, VA 23227-1636
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
$2,700,000
Hungary Spring Properties LLC
Manuel G Loupassi Limited Partnersh
Warranty Deed
$1,220,000 · Essex 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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