Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Medical Office Space
4908 Monument Ave Richmond, VA 23230-3613
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-3831201
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Total area
10,060 SF
Lot
0.56 ac (24,315 SF)
Zoning code
O-2
APN
773-735-1229
UPID
US87-3831201
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
-
Royce W. Woolfolk Jr, DDS Dental Office
-
David Berv Alternative Medicine Practice
-
GreeneHurlocker Law Firm
-
Kelsey Camire Foster Care Service Social Service Agency
-
Anh T Do Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$890k
Owner & transaction history
Gh Holdings LLC · 6 yrs held
Gh Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
O-2 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,450,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$1,365,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$88 / 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
$8,682
Tax year 2023
Assessed value
$1,021,400
Assessed 2024
Previous assessed
$1,021,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$118,900
Assessed improvement
$902,500
Land market value
$118,900
Improvement market value
$902,500
Total market value
$1,021,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
10,060 SF
Lot
0.56 ac (24,315 SF)
Zoning code
O-2
APN
773-735-1229
UPID
US87-3831201
Jurisdiction
HENRICO
Zoning & alternative use
O-2 · Richmond, VA
Zoning O-2 · permitted uses
O-2 · 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
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
OFFICE BUILDING
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
1966
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Gh Holdings LLC
Entity
Mailing address
2024 STUART AVE, RICHMOND, VA 23220-3542
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
G H Holdings LLC
—
Deed
related
$100,000 · First Citizens Bank & Trust Company
Nov 27, 2019
$1,432,600
Gh Holdings LLC
Hundley Commercial Properties LLC
Warranty Deed
$1,217,710 · First Citizens Bank & Trust Company
Nov 29, 2011
—
Hundley Seymour Properties LLC
—
Deed Of Trust
related
$1,092,395 · Union First Market Bank
Aug 29, 2006
$825,000
Seymour Properties Hundley
Camille Holdings LLC
Grant Deed
$704,000 · Bank Of America
Aug 4, 2004
$405,130
Camille Holdings LLC
K & M Associates
Grant Deed
related
$540,000 · Peoples Bank Va
—
—
Hundley Seymour Properties LLC
—
Deed Of Trust
related
$875,000 · Branch Banking & Trust Co
—
—
Camille Holdings LLC
—
Deed Of Trust
related
$650,000 · Branch Banking & Trust Co Va
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4908 Monument Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
