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Property profile & analytics
OFF-MARKET
Estimated value
$3,255,000
Medical Office Space
417 Libbie Ave Richmond, VA 23226-2615
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0936483
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1925
Construction
WOOD
Total area
4,770 SF
Lot
0.75 ac (32,827 SF)
Zoning code
R-01 RESIDENTIAL OFFICE
APN
W-020-0113-008
UPID
US87-0936483
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
-
Virginia Surgical Vascular Center Physician Hospital
-
Dr. Linwood P. Bosher, MD Physician Hospital
-
Vascular Surgery Associates of Richmond (formerly Virginia Surgical Associates) Medical Clinic
-
Dr. James Mctamaney Physician
-
Dr. Peter W. Brown, MD Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Ugl Libbie LLC · 4 yrs held
Ugl Libbie LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
R-01 RESIDENTIAL OFFICE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$3,065,000
ML approach
$2,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±10% · vs last sale $3.50M (Jul 8 2022)
Last sale anchor
$3.50M
Jul 8 2022
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
$682 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$3,207,000
Assessed 2024
Previous assessed
$2,636,000
+21.7% YoY
Effective rate
0.00%
On assessed value
Assessed land
$2,091,000
Assessed improvement
$1,116,000
Land market value
$2,091,000
Improvement market value
$1,116,000
Total market value
$3,207,000
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Rooms
7
Bathrooms
1
Total area
4,770 SF
Lot
0.75 ac (32,827 SF)
Zoning code
R-01 RESIDENTIAL OFFICE
APN
W-020-0113-008
UPID
US87-0936483
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-01 RESIDENTIAL OFFICE · Richmond, VA
Zoning R-01 RESIDENTIAL OFFICE · permitted uses
R-01 RESIDENTIAL OFFICE · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Rooms
7
Bathrooms
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Ugl Libbie LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5300 HICKORY PARK DR STE #210, GLEN ALLEN, VA 23059-2629
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Ugl-libbie LLC
—
Deed
related
$2,340,000 · United Bank
Mar 29, 2024
—
Ugl-libbie LLC
—
Deed
related
$900,000 · Regent Ric LLC
Jul 8, 2022
—
Ugl Libbie LLC
Libbie Associates LLC
Quit Claim Deed
related
—
Jul 8, 2022
$3,500,000
Ugl Libbie LLC
Libbie Associates LLC
Warranty Deed
$2,187,500 · Blue Ridge Bank NA
Feb 15, 2022
—
Libbie Associates LLC
—
Deed
related
$787,254 · First Citizens Bank & Trust Company
Nov 23, 2020
—
Libbie Associates LLC
—
Deed
related
$824,278 · First Citizens Bank & Trust Company
—
—
Libbie Assocs LLC
—
Deed Of Trust
related
$824,278 · First Citizens Bk
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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