Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3829 Walmsley Blvd Richmond, VA 23234-2415

    • Strip malls
    • 9,236 SF
    • 1.13 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2021
    $510,000
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0020304
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 3829 Walmsley Blvd

    Year built
    1900
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.13 lot acres
    Property size
    9,236 SF
    Zone code
    B-2 COMMUNITY BUSINESS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    C-009-0972-002
    APU
    C0090972002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $380,000
      ML approach
      $390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4673
    Latitude
    37.4677
    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
    $185,000
    $552,000
    $737,000
    -
    $185,000
    $552,000
    $737,000

    Comparable in this City

    • Value Estimation
      $250,000
      7,153 SF

      4719 Walmsley Blvd

      SHOPPING CENTER, STRIP CENTER • 7,153 SF
      4719 Walmsley Blvd, Richmond, VA 23234-2348
      View Details
    • Value Estimation
      $1,310,000
      34,237 SF

      3900 Old Hopkins Rd

      SHOPPING CENTER, STRIP CENTER • 34,237 SF
      3900 Old Hopkins Rd, Richmond, VA 23234-3037
      View Details
    • Value Estimation
      $245,000
      13,280 SF

      4642 Richmond Hwy

      SHOPPING CENTER, STRIP CENTER • 13,280 SF
      4642 Richmond Hwy, Richmond, VA 23234-3151
      View Details
    • Value Estimation
      $190,000
      9,625 SF

      3809 Richmond Hwy

      SHOPPING CENTER, STRIP CENTER • 9,625 SF
      3809 Richmond Hwy, Richmond, VA 23234-2631
      View Details
    • Value Estimation
      $475,000
      10,644 SF

      2603 Lamberts Ave

      SHOPPING CENTER, STRIP CENTER • 10,644 SF
      2603 Lamberts Ave, Richmond, VA 23234
      View Details
    • Value Estimation
      $220,000
      3,264 SF

      4712 Richmond Hwy

      SHOPPING CENTER, STRIP CENTER • 3,264 SF
      4712 Richmond Hwy, Richmond, VA 23234-3162
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres

      Falling Creek Station Land

      High-traffic Richmond commercial land.
      2500 Jefferson Davis Hwy, Richmond, VA 23234
      View Details
    • $2,900,000
      27,614 SF

      Office/Warehouse Space For Sale

      27,614 SF office/warehouse on 2.75 acres, fully leased.
      2924 Bells Rd, Richmond, VA 23234
      View Details
    • Contact for pricing

      Development Site at Iron Bridge

      5.36-acre development site at signalized hard corner.
      Jessup Rd, Richmond, VA 23234
      View Details
    • $1,263,000
      Pending

      Commercial Land with Road Frontage

      7.16 acres of commercial land with 340' road frontage.
      5412 Cogbill Rd, North Chesterfield, VA 23234
      View Details
    • $650,000
      2.35 Acres

      Richmond Retail Land Opportunity

      2.347 acres, prime retail location, $650,000
      2600 Dundas Rd, Richmond, VA 23234
      View Details
    • Contact for pricing

      Land on Cogbill Road

      Commercial land with frontage on Iron Bridge and Cogbill Roads.
      5326-5400 Cogbill Rd, North Chesterfield, VA 23234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space For Lease

      1,600 SF retail space with national co-tenants.
      3950-4126 Meadowdale Blvd, Richmond, VA 23234
      View Details
    • Contact for pricing
      43,675 SF

      Former Grocery Store Available

      43,657 SF former grocery store in excellent condition.
      5201 Chippenham Crossing Ctr, Richmond, VA 23234
      View Details
    • Contact for pricing
      41,117 SF

      Retail Space Available For Sublease

      41,117 SF retail space available for sublease.
      7000 Iron Bridge Rd, North Chesterfield, VA 23234
      View Details
    • Contact for pricing

      Retail Space with Freeway Visibility

      1,600 SF retail space with national co-tenants for lease.
      5900 Slumber Ln, Richmond, VA 23234
      View Details
    • Contact for pricing

      Richmond Commercial Land Opportunity

      2.14 Acres, Zoned for Corporate Office
      4812 Ridgedale Pkwy, Richmond, VA 23234
      View Details
    • Contact for pricing
      26,666 SF

      Richmond Flex Space with I-95 Frontage

      26,666 SF flex space with I-95 visibility.
      5200 Commerce Rd, Richmond, VA 23234
      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.
    3829 Walmsley Blvd
    Richmond, VA 23234-2415
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.