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Property profile & analytics
OFF-MARKET
Estimated value
$10,470,000
Medical Office Space
430 Clairmont Ct, Colonial Heights, VA 23834-1770
Individually Owned
2-yr Hold
Free & Clear
Property ID
US87-1779612
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
STEEL FRAME
Total area
50,206 SF
Lot
8.43 ac (367,080 SF)
Zoning code
PUD
APN
67020700001
UPID
US87-1779612
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
-
Professional Schools at Southside Regional Medical Center High School
-
Bon Secours Southside Medical Center Rehabilitation at Colonial Heights Medical Clinic
-
Southside College of Health Sciences Vocational School Training Center
-
Dr. Harry A. Bigley Jr, MD Physician Medical Clinic
-
Dr. Sunita Talegaonkar, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.61M
CAP Approach
CAP
$11.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.47M
Owner & transaction history
Bon Secours Mercy Health Petersburg · 2 yrs held
Bon Secours Mercy Health Petersburg
since 2023
Last sale
$10.6M
1 recorded transaction
Zoning & alternative use
PUD · Colonial Heights, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.8M
+63.5%
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
$14,360,000
ML approach
$9,610,000
CAP Approach
CAP Return
Estimation
6%
$12,000,000
6.5%
$11,080,000
7%
$10,285,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,770,000
Change: +63% · Conversion: Easy
Blend value · Realmo final
$10.47M
Range $9.42M – $11.52M · ±10% · vs last sale $10.60M (Sep 6 2023)
Last sale anchor
$10.60M
Sep 6 2023
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
$209 / 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
$78,810
Tax year 2024
Assessed value
$6,567,500
Assessed 2024
Previous assessed
$6,354,700
+3.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,580,900
Assessed improvement
$4,986,600
Land market value
$1,580,900
Improvement market value
$4,986,600
Total market value
$6,567,500
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 BUILDING
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
1
Total area
50,206 SF
Lot
8.43 ac (367,080 SF)
Zoning code
PUD
APN
67020700001
UPID
US87-1779612
Jurisdiction
COLONIAL HEIGHTS CITY
Zoning & alternative use
PUD · Colonial Heights, VA
Zoning PUD · permitted uses
PUD · 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
$8.8M
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
1997
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
1
Lot
8.43 ac
Current owner
From public records · entity-resolved
Bon Secours Mercy Health Petersburg
Individual
Free & Clear · 2 yrs held
Mailing address
1701 MERCY HEALTH PL, CINCINNATI, OH 45237-6147
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
—
Bon Secours Mercy Health Petersburg
The Cameron Foundation
Quit Claim Deed
—
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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