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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Office buildings
4807 Hermitage Rd Richmond, VA 23227-3335
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1045404
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
11,236 SF
Lot
1.98 ac (86,336 SF)
Zoning code
R-1 SINGLE FAMILY
APN
N-017-0156-005
UPID
US87-1045404
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
-
Fresh Start Law Office pllc Law Firm Financial Advisor
-
Custom Printing Services (Bike/Boat/Book/etc) Store Printing Service
-
Ann Furniss, Lac Medical Clinic Alternative Medicine Practice
-
Clearwater Counseling & Wellness Services Consultant Psychologist
-
David C Harrison MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.42M
Owner & transaction history
4801 Hermitage Associates LLC · 2 yrs held
4801 Hermitage Associates LLC
since 2023
Last sale
$3.0M
1 recorded transaction
Zoning & alternative use
R-1 SINGLE FAMILY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.8M
+126.2%
Restaurant
$3.2M
+90.3%
Auto repair, garage
$2.0M
+23.2%
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
$2,325,000
ML approach
$2,265,000
CAP Approach
CAP Return
Estimation
6%
$2,685,000
6.5%
$2,480,000
7%
$2,300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,660,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,760,000
Change: +126% · Conversion: Easy
RESTAURANT
$3,160,000
Change: +90% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,045,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$1,870,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,845,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,775,000
Change: +7% · Conversion: Easy
RETAIL STORES
$1,620,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±10% · vs last sale $2.95M (Dec 1 2023)
Last sale anchor
$2.95M
Dec 1 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
$215 / 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
$2,999,000
Assessed 2024
Previous assessed
$3,001,000
-0.1% YoY
Effective rate
0.00%
On assessed value
Assessed land
$527,000
Assessed improvement
$2,472,000
Land market value
$527,000
Improvement market value
$2,472,000
Total market value
$2,999,000
Applied tax rate
3.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Rooms
20
Bathrooms
5
Total area
11,236 SF
Lot
1.98 ac (86,336 SF)
Zoning code
R-1 SINGLE FAMILY
APN
N-017-0156-005
UPID
US87-1045404
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-1 SINGLE FAMILY · Richmond, VA
Zoning R-1 SINGLE FAMILY · permitted uses
R-1 SINGLE FAMILY · 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
OFFICE BUILDING Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Rooms
20
Bathrooms
5
Lot
1.98 ac
Current owner
From public records · entity-resolved
4801 Hermitage Associates LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 6749, RICHMOND, VA 23230-0749
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
Dec 1, 2023
$2,950,000
4801 Hermitage Associates LLC
Brooks Investments Co
Warranty 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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