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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Shopping centers
4920 Millridge E Pkwy Midlothian, VA 23112-4857
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US87-0772257
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1978
Construction
WOOD
Total area
23,115 SF
Lot
3.24 ac (141,352 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
733-67-86-14-500-000
UPID
US87-0772257
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
-
Bayport Cottage Vacation Rental
-
Ralsten Consulting & Family Services Crisis Center Medical Clinic
-
Empowered Health RVA Crisis Center Medical Clinic
-
ANDREW LEE HECK Physician Medical Clinic
-
Sabra Quinn, eXp Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$481k
Blend (final)
Blend
$550k
Owner & transaction history
Boswell Homes INC · 21 yrs held
Boswell Homes INC
since 2004
2 recorded transactions
Zoning & alternative use
C2 - NBHD BUSINESS DIST · Midlothian, 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 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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Current use
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$24 / 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
$19,143
Tax year 2024
Assessed value
$2,015,900
Assessed 2024
Previous assessed
$1,947,400
+3.5% YoY
Effective rate
0.95%
On assessed value
Assessed land
$777,400
Assessed improvement
$1,238,500
Land market value
$777,400
Improvement market value
$1,238,500
Total market value
$2,015,900
Applied tax rate
2.0000
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
1978
Construction
WOOD
Heating
NONE
Stories
1
Total area
23,115 SF
Lot
3.24 ac (141,352 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
733-67-86-14-500-000
UPID
US87-0772257
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C2 - NBHD BUSINESS DIST · Midlothian, VA
Zoning C2 - NBHD BUSINESS DIST · permitted uses
C2 - NBHD BUSINESS 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
$850,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1978
Construction
WOOD
Heating
NONE
Stories
1
Lot
3.24 ac
Current owner
From public records · entity-resolved
Boswell Homes INC
Entity
Mailing address
PO BOX 28187, RICHMOND, VA 23228-0187
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2019
—
Market Square Ptrs
—
Grant Deed
related
$5,000,000 · Miscellaneous Ins Co
Jul 29, 2004
$45,000
Boswell Homes INC
Reedy Mill Lc
Grant Deed
$155,000 · Stock Building Supply
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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