Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2908 Oak Lk Blvd Midlothian, VA 23112-3998
    Back to Search
    Property profile & analytics

    2908 Oak Lk Blvd, Midlothian, VA 23112-3998

    View on Map
    • Industrial properties
    • 0.22 lot acres
    Off-Market
    Property ID
    US87-0843819
    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

    • Industrial properties

    Property Details for 2908 Oak Lk Blvd

    Lot size
    0.22 lot acres
    Zone code
    I1 - LT INDUSTRIAL DIST
    Property type
    Industrial properties
    APN
    736-68-92-61-000-000
    APU
    736689261000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 3, 2004 $57,600 Kenbridge Properties Partnership Duval,william B & Gene Grant Deed —
    — — Kenbridge Properties LLC — Deed Of Trust · related $1.5M · Essex Bk
    — — Kenbridge Properties LLC — Deed Of Trust · related $1.5M · Essex Bk

    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
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6272
    Latitude
    37.4515
    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
    $260
    $20,600
    $0.00
    $20,600
    -
    $20,600
    $0.00
    $20,600

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      2901 Oak Lk Blvd

      INDUSTRIAL (GENERAL)
      2901 Oak Lk Blvd, Midlothian, VA 23112-3998
      View Details
    • Value Estimation
      $2,540,000
      32,954 SF

      2903 Oak Lk Blvd

      INDUSTRIAL (GENERAL)
      2903 Oak Lk Blvd, Midlothian, VA 23112-3998
      View Details
    • Value Estimation
      $1,230,000
      7,234 SF

      12227 Deerhill Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      12227 Deerhill Rd, Midlothian, VA 23112-3997
      View Details
    • Value Estimation
      $1,610,000
      29,900 SF

      12401 Genito Rd

      INDUSTRIAL (GENERAL)
      12401 Genito Rd, Midlothian, VA 23112-3907
      View Details
    • Value Estimation by Request
      5.72 Acres

      10900 Hasty Ln

      HEAVY INDUSTRIAL
      10900 Hasty Ln, Midlothian, VA 23112-3340
      View Details
    • Value Estimation by Request
      1.40 Acres

      11950 Deerhill Rd

      INDUSTRIAL (GENERAL)
      11950 Deerhill Rd, Midlothian, VA 23112
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Two-Tenant Industrial Investment Opportunity

      Two-tenant industrial property available for investment purposes.
      12141 Wilfong Ct, Midlothian, VA 23112
      View Details
    • Contact for pricing
      24,000 SF

      24,000 SF Industrial Investment Property

      Industrial facility built in 2007 near Rt. 288 & Powhite.
      12141 Wilfong Ct, Midlothian, VA 23112
      View Details
    • 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

      Midlothian Land Parcel For Sale

      1.6 acre commercial land parcel in Midlothian, Virginia.
      6730 Temie Lee Pkwy, 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

      Land with Reservoir Water Views

      Commercial land with public utilities and reservoir views.
      14801 Genito Rd, Midlothian, VA 23112
      View Details

    Similar Nearby for Lease

    • 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
      2,500 SF

      Retail Space in Regional Center

      Retail space available in a regional power center.
      4801-4931 Commonwealth Centre Pkwy, Midlothian, VA 23112
      View Details
    • Contact for pricing
      2,400 SF

      Mixed-Use Property in Growing Area

      18.23 AC mixed-use property in rapidly growing Powhatan Retail submarket.
      17605 Midlothian Tpke, Midlothian, VA 23112
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Midlothian, Virginia.
      14500 Times Sq Dr, Midlothian, VA 23112
      View Details
    • 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

      Prime Land in Chesterfield County

      1.5 acres in desirable location for flex, office, retail.
      13601 E Boundary Rd, Midlothian, VA 23112
      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.
    2908 Oak Lk Blvd
    Midlothian, VA 23112-3998
    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
    2908 Oak Lk Blvd, Midlothian, VA, 23112
    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!