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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Office buildings
5000 Monument Ave Richmond, VA 23230-3627
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US87-0924529
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
14,904 SF
Lot
0.88 ac (38,333 SF)
Zoning code
O-2
APN
773-735-0372.011
UPID
US87-0924529
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
-
Richmond Corporate Video Advertising Agency Marketing & Advertising
-
Alzuro Video Production Film Production Television Studio
-
Wilson Law Group PLC Law Firm
-
ClearView Financial, LLC Bank Credit Union
-
Alliant Behavioral Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.46M
Owner & transaction history
Buckhill Partners LLC · 10 yrs held
Buckhill Partners LLC
since 2015
7 recorded transactions
Zoning & alternative use
O-2 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+18.4%
Warehouse, storage
$2.2M
+9.5%
Retail stores
$2.1M
+6.1%
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 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
OFFICE BUILDING
$2,025,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,395,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$2,215,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$2,145,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$98 / 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
$14,832
Tax year 2023
Assessed value
$1,744,900
Assessed 2024
Previous assessed
$1,744,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$171,700
Assessed improvement
$1,573,200
Land market value
$171,700
Improvement market value
$1,573,200
Total market value
$1,744,900
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
OFFICE BUILDING
Status
Off-Market
Year built
1983
Heating
HEAT PUMP
Stories
2
Total area
14,904 SF
Lot
0.88 ac (38,333 SF)
Zoning code
O-2
APN
773-735-0372.011
UPID
US87-0924529
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
OFFICE BUILDING Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1983
Heating
HEAT PUMP
Stories
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Buckhill Partners LLC
Entity
Mailing address
6400 BUCKHILL RD, RICHMOND, VA 23225-1320
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2020
—
Buckhill Ptrs LLC
—
Deed
related
$4,500,000 · Chesapeake Bk
Aug 13, 2015
$1,400,000
Buckhill Partners LLC
Code Blue Properties LLC
Warranty Deed
$3,244,500 · Suntrust Bk
Dec 27, 2005
$1,714,000
Blue Chip Properties LLC
5000 Monument Avenue Lc
Deed Of Trust
related
$1,542,600 · Suntrust Bank NA
Feb 24, 2004
—
Mathhew G Thompson
Monument Partners
Grant Deed
related
—
—
—
Codeblue Properties LLC
—
Deed Of Trust
related
$550,000 · Private Individual
—
—
Buckhill Ptrs LLC
—
Deed Of Trust
related
$4,500,000 · Chesapeake Bk
—
—
Blue Chip Properties LLC
—
Deed Of Trust
related
$38,496 · Suntrust Bank NA
—
—
Blue Chip Properties LLC
—
Deed Of Trust
related
$73,900 · Suntrust Bank NA
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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