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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
4831 Laburnum Ave, Henrico, VA 23231-2713
Entity Owned
Free & Clear
Property ID
US87-3838852
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
3,375 SF
Lot
0.4 ac (17,598 SF)
Zoning code
B-2C
APN
816-714-2584
UPID
US87-3838852
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$675k
Owner & transaction history
County Of Henrico
County Of Henrico
since 2025
Last sale
$37,643
4 recorded transactions
Zoning & alternative use
B-2C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$615,000
+23.2%
Medical building
$560,000
+12.6%
Neighborhood: shopping center
$555,000
+11.1%
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%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
AUTO REPAIR, GARAGE
$615,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$560,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: +7% · Conversion: Easy
RETAIL STORES
$485,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $38k (Dec 22 2025)
Last sale anchor
$38k
Dec 22 2025
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
$200 / 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
$6,863
Tax year 2023
Assessed value
$804,600
Assessed 2024
Previous assessed
$804,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$176,000
Assessed improvement
$628,600
Land market value
$176,000
Improvement market value
$628,600
Total market value
$804,600
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
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
OFFICE BUILDING
Status
Off-Market
Year built
1996
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
3,375 SF
Lot
0.4 ac (17,598 SF)
Zoning code
B-2C
APN
816-714-2584
UPID
US87-3838852
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
OFFICE BUILDING Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$615,000
MEDICAL BUILDING
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$535,000
RETAIL STORES
Est. value
$485,000
OFFICE BUILDING Current
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
1996
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
County Of Henrico
Entity
Free & Clear · 0 yrs held
Mailing address
5809 YORK RD, RICHMOND, VA 23226-2162
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
$37,643
County Of Henrico
Roffis Real Estate LLC
Deed
—
Aug 9, 2017
$610,000
Park Place Associates LLC A Virgini
Tpti Laburnum LLC A Virginia Limite
Warranty Deed
$375,000 · Village Bank
Dec 29, 2010
$460,000
Tpti Laburnum LLC
Roffis Real Estate Ptshp
Grant Deed
$424,000 · Suntrust Bank NA
Apr 5, 2007
—
Roffis Real Estate
—
Trustees Deed
related
$446,000 · Bank Of America
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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