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    2808 Fox Chase Ln Midlothian, VA 23112-4008

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    2808 Fox Chase Ln Midlothian, VA 23112-4008

    View on Map
    • Office buildings
    • 5,532 SF
    • 0.85 lot acres
    Off-Market
    Last Sale Jul 28, 2021
    $625,000
    Property ID
    US87-1093869
    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
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Swift Creek Academy-Performing / Theater & Performing Art Venue / Vocational School
    • Zoe Therapy Services / Psychotherapist / Nurse Practitioner
    • KATHRYN ELIZABETH COATS / Physician
    • Kathy Bryant / Physician
    • David Krukiel / Physician

    Property Details for 2808 Fox Chase Ln

    Year built
    1986
    Lot size
    0.85 lot acres
    Property size
    5,532 SF
    Zone code
    C2 - NBHD BUSINESS DIST
    Property type
    Office buildings
    APN
    728-68-89-58-900-000
    APU
    728688958900000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $640,000
      ML approach
      $565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $531,000
      Market price range: $532k - $1.25M
      AI Estimate
      $401,000
      Market price range: $402k - $1.04M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $945,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6524
    Latitude
    37.4511
    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
    $4,292
    $142,600
    $312,100
    $454,700
    -
    $142,600
    $312,100
    $454,700

    Comparable in this City

    • Value Estimation
      $7,560,000
      38,226 SF

      13505 Tredegar Lk Pkwy

      OFFICE BUILDING • 38,226 SF
      13505 Tredegar Lk Pkwy, Midlothian, VA 23112-4009
      View Details
    • Value Estimation
      $1,690,000
      8,550 SF

      4501 Lifestyle Ln

      OFFICE BUILDING • 8,550 SF
      4501 Lifestyle Ln, Midlothian, VA 23112-4807
      View Details
    • Value Estimation
      $710,000
      7,468 SF

      5102 Vlg Grn Dr

      OFFICE BUILDING • 7,468 SF
      5102 Vlg Grn Dr, Midlothian, VA 23112-4876
      View Details
    • Value Estimation
      $695,000
      3,542 SF

      14701 Vlg Sq Pl

      OFFICE BUILDING • 3,542 SF
      14701 Vlg Sq Pl, Midlothian, VA 23112-2253
      View Details
    • Value Estimation by Request
      1.25 Acres

      3100 Boundary Ct

      OFFICE BUILDING • 1.25 Acres
      3100 Boundary Ct, Midlothian, VA 23112
      View Details
    • Value Estimation by Request
      4,246 SF

      13508 Boundary Rd

      OFFICE BUILDING • 4,246 SF
      13508 Boundary Rd, Midlothian, VA 23112-3989
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,061 SF

      Two Office Buildings For Sale

      Two one-story office buildings with high visibility and easy access.
      2901-2949 Fox Chase Ln, Midlothian, VA 23112
      View Details
    • Contact for pricing
      5,870 SF

      Waterfront Office Building For Sale

      8,995 SF waterfront office building, investment or owner-occupant opportunity.
      14700 Village Square Pl, Midlothian, VA 23112
      View Details
    • Contact for pricing
      7,927 SF

      Veterinary Space Near Brandermill

      7,927 SF space near Powhite Parkway and Route 288.
      2460 Colony Crossing Pl, Midlothian, VA 23112
      View Details
    • $610,000
      2,544 SF

      Office Unit in Harbour Park

      Office unit for sale with 2544 square feet.
      5925 Harbour Park Dr, Midlothian, VA 23112
      View Details
    • Contact for pricing
      4,067 SF

      Office Space with Ample Parking

      Office space for rent in a high-growth corridor.
      5001-5061 Craig Rath Blvd, Midlothian, VA 23112
      View Details
    • Contact for pricing

      Cleared Lot in Medical Park

      0.83 acre cleared lot in Midlothian's Waterford Medical Park.
      13506 Tredegar Lake Pkwy, Midlothian, VA 23112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,900 SF

      Well-Maintained Office Building For Rent

      4,900 SF office building in the heart of 360 corridor.
      6901 Chital Dr, Midlothian, VA 23112
      View Details
    • Contact for pricing

      Class A Lakefront Office Building

      46,929 SF Class A office building with lake views.
      2820 Waterford Lake Dr, Midlothian, VA 23112
      View Details
    • $21 SF/Yr
      2,200 SF

      Office/Medical Space on Genito Road

      Office or medical space with frontage on Genito Road.
      2929-2953 Fox Chase Ln, Midlothian, VA 23112
      View Details
    • Contact for pricing

      Midlothian Flex/Office/Retail Opportunity

      Build-to-suit flex, office, or retail space in Midlothian.
      13601 E Boundary Rd, Midlothian, VA 23112
      View Details
    • Contact for pricing

      Midlothian Office Space Available

      Prime location with ample parking and flexible lease options.
      13804 Hull Street Rd, Midlothian, VA 23112
      View Details
    • Contact for pricing

      Midlothian Medical Office Space

      2,200 SF medical office near Bon Secours St. Francis Hospital.
      2937 Fox Chase Ln, Midlothian, VA 23112
      View Details
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    Midlothian, VA 23112-4008
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    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
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