Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3118 Cofer Rd Richmond, VA 23224-6402
    Back to Search
    Property profile & analytics

    3118 Cofer Rd, Richmond, VA 23224-6402

    View on Map
    • Day care centers
    • 1,664 SF
    • 0.39 lot acres
    Off-Market
    Last Sale Jul 24, 2025
    $280,000
    Property ID
    US87-3923080
    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

    • Day care centers

    Property Details for 3118 Cofer Rd

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.39 lot acres
    Zone code
    R-6 SINGLE FAMILY ATTACHE
    Property type
    Day care centers
    APN
    C-009-0278-028
    APU
    C0090278028

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 24, 2025 $280,000 Kenmar Legacy LLC Victoria Rudd Bargain & Sale Deed $224k · First Bank
    Feb 16, 2006 $115,000 Rudd,victoria B Price,charlie R JR & Mable T Grant Deed —

    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
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.458
    Latitude
    37.4929
    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
    2020
    $20
    $126,000
    $104,000
    $230,000
    -
    $126,000
    $104,000
    $230,000

    Comparable in this City

    • Value Estimation by Request
      1,261 SF

      3201 Broad Rock Blvd

      DAY CARE, PRE-SCHOOL
      3201 Broad Rock Blvd, Richmond, VA 23224-6015
      View Details
    • Value Estimation by Request
      2,243 SF

      112 Brandon Rd

      DAY CARE, PRE-SCHOOL
      112 Brandon Rd, Richmond, VA 23224-1212
      View Details
    • Value Estimation by Request
      6,760 SF

      1420 Mcdonough St

      DAY CARE, PRE-SCHOOL
      1420 Mcdonough St, Richmond, VA 23224-2054
      View Details
    • Value Estimation by Request
      6,558 SF

      1500 Hull St

      DAY CARE, PRE-SCHOOL
      1500 Hull St, Richmond, VA 23224-3804
      View Details
    • Value Estimation by Request
      6,555 SF

      1606 18th St

      DAY CARE, PRE-SCHOOL
      1606 18th St, Richmond, VA 23224-7426
      View Details
    • Value Estimation by Request
      3,984 SF

      140 Belt Blvd

      DAY CARE, PRE-SCHOOL
      140 Belt Blvd, Richmond, VA 23224-1204
      View Details

    Similar Nearby for Sale

    • $99,000

      Richmond, VA - Versatile Property

      Exceptional property in Richmond, VA, ideal for office investors.
      127 E 20Th St, Richmond, VA 23224
      View Details
    • Contact for pricing

      Richmond Industrial Corridor Land

      Land in established industrial corridor with access to major transportation.
      1860 Commerce Rd, Richmond, VA 23224
      View Details
    • $200,000
      Pending

      Commercial Land with Approved Site

      Commercial land suitable for warehouse or storage with interstate access.
      2505 Goodes Bridge Rd, Richmond, VA 23224
      View Details
    • Contact for pricing

      Retail Building on 0.33 Acres

      Retail/service building on 0.33 acres in Manchester for sale.
      7 Cowardin Ave, Richmond, VA 23224
      View Details
    • $175,000

      Established Barbershop/Salon on Midlothian Turnpike

      Turn-key barbershop/salon with potential for owner-operator or investor.
      2613 Midlothian Tpke, Richmond, VA 23224
      View Details
    • $100,000
      0.10 Acres

      Residential Lot in Richmond, VA

      Residential lot in the Blackwell area, near downtown Richmond.
      1701 Maury St, Richmond, VA 23224
      View Details

    Similar Nearby for Lease

    • $3,000,000

      Specialty Property For Rent

      Specialty property available for rent in North Chesterfield, VA.
      5400 Cogbill Rd, North Chesterfield, VA 23224
      View Details
    • Contact for pricing

      Furnished Office Space Sublease

      Sublease available immediately for a fully furnished office space.
      424 Hull St, Richmond, VA 23224
      View Details
    • Contact for pricing
      200,000 SF

      Office Space with River Views

      Office space with parking and rooftop amenity overlooking the river.
      4 Manchester Rd, Richmond, VA 23224
      View Details
    • Contact for pricing
      2,947 SF

      Corner Retail Space in Richmond

      Retail space with high visibility and strong population density.
      1500 Hull St, Richmond, VA 23224
      View Details
    • Contact for pricing
      19,500 SF

      Richmond Warehouse with Secured Parking

      19,500 SF warehouse with secured parking near I-95.
      300 Stockton St, Richmond, VA 23224
      View Details
    • Contact for pricing
      1,264 SF

      Retail Space at Primary Intersection

      Retail space available at a primary retail intersection in Richmond.
      425-439 E Belt Blvd, Richmond, VA 23224
      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.
    3118 Cofer Rd
    Richmond, VA 23224-6402
    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
    3118 Cofer Rd, Richmond, VA, 23224
    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!