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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Industrial properties
4220 Oakleys Ct Richmond, VA 23223-5974
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US87-0954162
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2009
Total area
6,060 SF
Lot
15.08 ac (656,711 SF)
Zoning code
M-2C
APN
816-721-1410
UPID
US87-0954162
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
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.01M
Owner & transaction history
Oakley Center LLC · 21 yrs held
Oakley Center LLC
since 2004
7 recorded transactions
Zoning & alternative use
M-2C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+52.1%
Medical building
$1.0M
+39.1%
Neighborhood: shopping center
$995,000
+37.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,260,000
6.5%
$1,165,000
7%
$1,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$725,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$1,010,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$995,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: +23% · Conversion: Easy
RETAIL STORES
$875,000
Change: +20% · Conversion: Easy
INDUSTRIAL (GENERAL)
$625,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10%
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
$167 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$36,572
Tax year 2023
Assessed value
$4,406,300
Assessed 2024
Previous assessed
$4,406,300
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$560,000
Assessed improvement
$3,846,300
Land market value
$560,000
Improvement market value
$3,846,300
Total market value
$4,406,300
Applied tax rate
4.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2009
Heating
HEAT PUMP
Stories
1
Total area
6,060 SF
Lot
15.08 ac (656,711 SF)
Zoning code
M-2C
APN
816-721-1410
UPID
US87-0954162
Jurisdiction
HENRICO
Zoning & alternative use
M-2C · Richmond, VA
Zoning M-2C · permitted uses
M-2C · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$995,000
OFFICE BUILDING
Est. value
$895,000
RETAIL STORES
Est. value
$875,000
INDUSTRIAL (GENERAL)
Est. value
$625,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (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
2009
Heating
HEAT PUMP
Stories
1
Lot
15.08 ac
Current owner
From public records · entity-resolved
Oakley Center LLC
Entity
Mailing address
PO BOX 608, SMITHFIELD, NC 27577-0608
Ownership since
2004
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
Aug 22, 2025
—
Oakley Center LLC
—
Deed
related
$6,500,000 · Bank Of America NA
Jun 12, 2019
—
Oakley Ctr LLC
—
Deed
related
$2,368,000 · Bank Of America
May 4, 2016
—
Oakley Center LLC
—
Deed
related
$2,750,000 · Union Bk&tr
Mar 20, 2008
—
Oakley Center LLC
—
Grant Deed
related
$3,000,000 · First Market Bank Fsb
Dec 28, 2004
—
Oakley Center LLC
Lampe Company INC
Grant Deed
related
—
—
—
Oakley Ctr LLC
—
Deed Of Trust
related
$2,368,000 · Bank Of America
—
—
Oakley Center LLC
—
Loan Modification
related
$2,750,000 · Union Bk&tr
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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