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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Office buildings
2910 Hungary Spg Rd, Henrico, VA 23228-2418
Entity Owned
Free & Clear
Property ID
US87-0892651
Property summary
AI-generated overview
This exceptional single-story office building, totaling 6,722 square feet, presents a unique opportunity in Henrico County, Virginia. Situated on a 1.061-acre lot at the highly visible, signalized corner of Hungary Spring Road and Shrader Road, this property boasts excellent accessibility to W. Broad Street and I-64. The building, zoned B-2 (Henrico County), offers ground floor access and ample parking with 65 surface spaces. The property features a recently installed roof with a warranty and benefits from separate utility meters for gas and electric, allowing for efficient cost management. Ideal for a single tenant, the space can also be easily divided into up to three separately metered units. This location is conveniently situated on a bus line, enhancing its appeal to employees and clients. The building's design and features make it an attractive option for businesses seeking a prominent and functional office space in a thriving area of Henrico County. The 6,722 square feet is immediately available for owner occupancy.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
17,513 SF
Lot
1.06 ac (46,217 SF)
Zoning code
B-2
APN
765-752-2122
UPID
US87-0892651
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.94M
Owner & transaction history
Woodville LLC
Woodville LLC
since 2025
Last sale
$2.5M
3 recorded transactions
Zoning & alternative use
B-2 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+29.5%
Medical building
$2.9M
+18.4%
Neighborhood: shopping center
$2.9M
+16.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,465,000
Current use
AUTO REPAIR, GARAGE
$3,190,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$2,915,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,875,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,815,000
Change: +14% · Conversion: Easy
RETAIL STORES
$2,525,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,465,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±10% · vs last sale $2.47M (Jul 15 2025)
Last sale anchor
$2.47M
Jul 15 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
$110 / 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
Assessed value
$802,600
Assessed 2024
Previous assessed
$802,600
+0.0% YoY
Assessed land
$241,800
Assessed improvement
$560,800
Land market value
$241,800
Improvement market value
$560,800
Total market value
$802,600
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
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
17,513 SF
Lot
1.06 ac (46,217 SF)
Zoning code
B-2
APN
765-752-2122
UPID
US87-0892651
Jurisdiction
HENRICO
Zoning & alternative use
B-2 · Henrico, VA
Zoning B-2 · permitted uses
B-2 · 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
$2.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Woodville LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2910 HUNGARY SPG RD, HENRICO, VA 23228-2418
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
$2,465,000
Woodville LLC
Gensun L L C
Bargain & Sale Deed
—
Apr 22, 2022
—
Gensun LLC
—
Deed
related
$124,140 · First Community Bank
Dec 28, 2007
—
Gensun LLC
—
Deed Of Trust
related
$1,054,000 · Suntrust Bank NA
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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