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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
3509 Blvd Boulevard, Colonial Heights, VA 23834-1319
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-1754396
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,230 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B1
APN
4000700001
UPID
US87-1754396
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$337k
Blend (final)
Blend
$550k
Owner & transaction history
D And S Chandall LLC · 2 yrs held
D And S Chandall LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
B1 · Colonial Heights, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$620,000
+144.1%
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 Colonial Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colonial Heights 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$540,000
7%
$505,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$620,000
Change: +144% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Apr 5 2024)
Last sale anchor
$550k
Apr 5 2024
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
$170 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,516
Tax year 2024
Assessed value
$459,700
Assessed 2024
Previous assessed
$434,300
+5.8% YoY
Effective rate
1.20%
On assessed value
Assessed land
$299,100
Assessed improvement
$160,600
Land market value
$299,100
Improvement market value
$160,600
Total market value
$459,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,230 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B1
APN
4000700001
UPID
US87-1754396
Jurisdiction
COLONIAL HEIGHTS CITY
Zoning & alternative use
B1 · Colonial Heights, VA
Zoning B1 · permitted uses
B1 · Colonial Heights, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colonial Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$620,000
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
D And S Chandall LLC
Entity
Mailing address
84 HAMMOND ST, SEEKONK, MA 02771-3217
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$550,000
D And S Chandall LLC
Venture Investments LLC
Warranty Deed
$50,000 · Venture Investments LLC
May 3, 2021
$532,000
Venture Investments LLC
Porter Street Holdings LLC
Warranty Deed
—
Aug 3, 2020
$450,000
Porter Street Holdings LLC
Hhs Real Esatte #3 LLC
Warranty Deed
$360,000 · First Citizens Bank & Trust Company
Jun 30, 2017
—
Hhs Real Estate #1 LLC A Virginia L
—
Deed
related
$1,500,000 · Usameribank
Jan 6, 2017
$480,000
Hhs Real Estate 3 LLC A Virginia Li
Lucky Lady Enterprises LLC A Virgin
Special Warranty Deed
—
Jun 28, 2011
$305,000
Lucky Lady Enterprises LLC
Deborah Poole
Deed
$297,500 · First Citizens Bank & Trust Co
Nov 25, 2009
—
Deborah Poole
Deborah Poole
Gift Deed
related
—
Nov 18, 2009
—
Deborah Poole
Deborah Poole
Gift Deed
related
—
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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