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    Property profile & analytics

    3950 Westerre Pkwy Henrico, VA 23233-1303

    • Hotels
    • 81,950 SF
    • 3.11 lot acres
    OFF-MARKET
    Value Estimation
    $10,265,000
    Last Sale
    Mar 27, 2023
    $11,250,000
    Location Intelligence
    Property ID
    US87-1328636
    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

    • British Swim School at Courtyard by Marriott Richmond Northwest/Shortpump / Swimming School / Baby Swimming School

    Property Details for 3950 Westerre Pkwy

    Year built
    1998
    Lot size
    3.11 lot acres
    Property size
    81,950 SF
    Zone code
    B-2C
    Property type
    Hotels
    Property subtype
    Motels
    APN
    750-759-1977
    APU
    7507591977

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,030,000
      6.5%
      $11,805,000
      7%
      $11,190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,910,000
      Geo Method
      $11,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,615,000
      Retail
      $12,165,000
      Mixed-Use
      $11,300,000
      Hospitality
      $8,765,000
      Educational
      $11,425,000
      Residential Income
      $10,190,000
      Energy
      $9,550,000
      Income-Based Land
      $11,235,000
      Food Service
      $12,155,000

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5769
    Latitude
    37.6452
    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
    2023
    $57,265
    $947,000
    $5,790,100
    $6,737,100
    -
    $947,000
    $5,790,100
    $6,737,100

    Comparable in this City

    • Value Estimation
      $9,695,000
      70,191 SF

      3940 Westerre Pkwy

      HOTEL/MOTEL • 70,191 SF
      3940 Westerre Pkwy, Henrico, VA 23233-1303
      View Details
    • Value Estimation by Request
      43,511 SF

      9937 Mayland Dr

      HOTEL/MOTEL • 43,511 SF
      9937 Mayland Dr, Henrico, VA 23233-1462
      View Details
    • Value Estimation by Request
      187,283 SF

      12042 Broad St

      HOTEL/MOTEL • 187,283 SF
      12042 Broad St, Henrico, VA 23233-7689
      View Details
    • Value Estimation by Request
      49,111 SF

      10961 Broad St

      HOTEL/MOTEL • 49,111 SF
      10961 Broad St, Henrico, VA 23233
      View Details
    • Value Estimation
      $305,000
      91,656 SF

      12341 Broad St

      HOTEL/MOTEL • 91,656 SF
      12341 Broad St, Henrico, VA 23233-7605
      View Details
    • Value Estimation by Request
      150,086 SF

      11049 Broad St

      HOTEL/MOTEL • 150,086 SF
      11049 Broad St, Henrico, VA 23233
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      94,230 SF

      Westgate Office Building For Sale

      Class A Office, Redevelopment Potential
      100 Westgate Pkwy, Richmond, VA 23233
      View Details
    • $750,000
      1.00 Acre

      Prime Henrico Commercial Land

      One-acre business lot, ideal location, excellent visibility.
      12913 Plz Dr, Henrico, VA 23233
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      Prime Henrico Commercial Land

      1-Acre Lot, Business Zoning, High Visibility
      12909 Plz Dr, Henrico, VA 23233
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    • Contact for pricing
      91,752 SF

      Class A Office Building

      91,752± SF Class A office building for sale or lease.
      100 Westgate Pkwy, Richmond, VA 23233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,000 SF

      Richmond Office Space for Lease

      Henrico County Office Suites Available
      3850 Gaskins Rd, Richmond, VA 23233
      View Details
    • $19 SF/Yr
      22,580 SF

      Tower Plaza Retail Center Investment

      Richmond Strip Mall - High Traffic Area
      3401 Cox Rd, Richmond, VA 23233
      View Details
    • Contact for pricing
      210,374 SF

      Short Pump Crossing Retail Space

      Henrico, VA: Prime Retail Opportunity
      3400-3544 Pump Rd, Henrico, VA 23233
      View Details
    • Contact for pricing
      2,910 SF

      Retail Space with Excellent Visibility

      Retail space available with high traffic and visibility.
      3641 Cox Rd, Richmond, VA 23233
      View Details
    • $34 SF/Yr
      1,225 SF

      Retail Space Near Short Pump

      Retail space adjacent to Short Pump Town Center.
      11823-11825 W Broad St, Richmond, VA 23233
      View Details
    • Contact for pricing
      3,576 SF

      Class A Office/Service Space

      Class A office/service space with car and truck entrances.
      3801-3827 Gaskins Rd, Richmond, VA 23233
      View Details
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    3950 Westerre Pkwy
    Henrico, VA 23233-1303
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    Realmo Value Estimation

    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.

    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.

    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
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