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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Retail space
45 Airport Dr Henrico, VA 23075-2013
Individually Owned
7-yr Hold
Free & Clear
Property ID
US87-1011129
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Total area
9,664 SF
Lot
1.18 ac (51,270 SF)
Zoning code
B-2C
APN
824-720-8799
UPID
US87-1011129
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
$1.78M
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$1.85M
Owner & transaction history
Richard V Husted · 7 yrs held
Richard V Husted
since 2019
7 recorded transactions
Zoning & alternative use
B-2C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+87.0%
Auto repair, garage
$2.1M
+39.9%
Medical building
$1.8M
+18.4%
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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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%
$1,930,000
6.5%
$1,780,000
7%
$1,655,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,510,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,825,000
Change: +87% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,115,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$1,790,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$1,505,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,400,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±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
$191 / 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
Assessed value
$1,303,900
Assessed 2024
Previous assessed
$1,303,900
+0.0% YoY
Assessed land
$166,000
Assessed improvement
$1,137,900
Land market value
$166,000
Improvement market value
$1,137,900
Total market value
$1,303,900
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
1
Total area
9,664 SF
Lot
1.18 ac (51,270 SF)
Zoning code
B-2C
APN
824-720-8799
UPID
US87-1011129
Jurisdiction
HENRICO
Zoning & alternative use
B-2C · Henrico, VA
Zoning B-2C · permitted uses
B-2C · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
2012
Heating
YES
Cooling
Yes
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Richard V Husted
Individual
Free & Clear · 7 yrs held
Mailing address
914 MONTEREY DR, O FALLON, IL 62269-2833
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2019
—
Richard V Husted
Hustead,richard V & Deborah L
Quit Claim Deed
—
Jan 20, 2012
$1,234,701
Husted Richard V Trust
Turner,montgomery G SR
Grant Deed
—
Sep 2, 2011
$400,000
Montgomery G Turner SR.
Rebkee Partners Creighton LLC
Grant Deed
—
Jul 2, 2008
—
Commonwealth Of Virginia
Rebkee Partners Creighton
Grant Deed
related
—
Oct 4, 2007
$250,000
Rebkee Partners Creighton LLC
Cvs 1534 Va LLC
Grant Deed
—
Feb 9, 2007
$750,000
Cvs 1534 Va LLC
Appalachian Land Corp
Grant Deed
—
Aug 8, 2006
$350,000
Appalchian Land & Leasing Co LLC
Old Dominion Restaurants INC
Grant Deed
—
—
—
Montgomery G Turner SR.
—
Deed Of Trust
related
$960,000 · Reliant Bank
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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