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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Shopping centers
4500 Commonwealth Ctr Pkwy, Midlothian, VA 23112-2767
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-3955754
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2001
Total area
23,256 SF
Lot
21.92 ac (954,792 SF)
Zoning code
C4 - REGIONAL BUS DIST
APN
734-67-69-18-900-000
UPID
US87-3955754
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
-
Jersey Mike's Subs Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.23M
Owner & transaction history
Dt Cmnwlt Ctr II LLC · 7 yrs held
Dt Cmnwlt Ctr II LLC
since 2018
3 recorded transactions
Zoning & alternative use
C4 - REGIONAL BUS DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+138.2%
Industrial (general)
$2.0M
+137.6%
Medical building
$1.3M
+57.7%
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 Midlothian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midlothian 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
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Current use
RESTAURANT
$2,030,000
Change: +138% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,025,000
Change: +138% · Conversion: Difficult
MEDICAL BUILDING
$1,345,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,230,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$975,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$53 / 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
$226,800
Tax year 2024
Assessed value
$24,733,300
Assessed 2024
Previous assessed
$23,840,200
+3.7% YoY
Effective rate
0.92%
On assessed value
Assessed land
$5,251,400
Assessed improvement
$19,481,900
Land market value
$5,251,400
Improvement market value
$19,481,900
Total market value
$24,733,300
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Total area
23,256 SF
Lot
21.92 ac (954,792 SF)
Zoning code
C4 - REGIONAL BUS DIST
APN
734-67-69-18-900-000
UPID
US87-3955754
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C4 - REGIONAL BUS DIST · Midlothian, VA
Zoning C4 - REGIONAL BUS DIST · permitted uses
C4 - REGIONAL BUS DIST · Midlothian, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midlothian. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$855,000
RESTAURANT
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2001
Heating
NONE
Stories
1
Lot
21.92 ac
Current owner
From public records · entity-resolved
Dt Cmnwlt Ctr II LLC
Entity
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2018
—
Dt Cmnwlt Ctr II LLC
Ddr Cmnwlt Ctr II LLC
Grant Deed
related
$36,432,000 · Column Fin'l INC
Mar 7, 2007
$31,927,925
Ddrtc Commonwealth Ctr II LLC
Inland S/e Commonwealth II LLC
Grant Deed
—
—
—
Ddrtc Commonwealth Ctr II LLC
—
Deed Of Trust
related
$20,775,000 · Metropolitan Life Insurance
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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