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Property profile & analytics
OFF-MARKET
Estimated value
$18,030,000
Hospitals
5020 Sulky Dr Henrico, VA 23228-3904
Entity Owned
8-yr Hold
Property ID
US87-2858117
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2019
Total area
177,810 SF
Lot
0.01 ac (523 SF)
Zoning code
R-6C
APN
770-748-2488.002
UPID
US87-2858117
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
by Request
Comparable Approach
Comparable
$23.81M
Blend (final)
Blend
$18.03M
Owner & transaction history
Brg Carriage Hill Il LLC · 8 yrs held
Brg Carriage Hill Il LLC
since 2017
3 recorded transactions
Zoning & alternative use
R-6C · Henrico, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$29,620,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$29,210,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$28,585,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$25,615,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$25,005,000
Change: -16% · Conversion: Easy
COMMERCIAL (GENERAL)
$25,005,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$18.03M
Range $16.23M – $19.83M · ±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
$101 / 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
$260,886
Tax year 2023
Assessed value
$29,090,700
Assessed 2024
Previous assessed
$32,294,200
-9.9% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,540,800
Assessed improvement
$27,549,900
Land market value
$1,540,800
Improvement market value
$27,549,900
Total market value
$29,090,700
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2019
Heating
HEAT PUMP
Stories
4
Total area
177,810 SF
Lot
0.01 ac (523 SF)
Zoning code
R-6C
APN
770-748-2488.002
UPID
US87-2858117
Jurisdiction
HENRICO
Zoning & alternative use
R-6C · Henrico, VA
Zoning R-6C · permitted uses
R-6C · 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
MEDICAL BUILDING Current
Est. value
$29.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.6M
RETAIL STORES
Est. value
$25.6M
OFFICE BUILDING
Est. value
$25.0M
COMMERCIAL (GENERAL)
Est. value
$25.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2019
Heating
HEAT PUMP
Stories
4
Lot
0.01 ac
Current owner
From public records · entity-resolved
Brg Carriage Hill Il LLC
Entity
Mailing address
209 MADISON ST STE #400, ALEXANDRIA, VA 22314-2066
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2017
—
Brg Carriage Hill Il LLC
—
Deed
related
$24,960,000 · Burke & Herbert Bk&tr
Oct 24, 2017
—
Brg Carriage Hill Il LLC
Carriage Hill Holdings LLC
Quit Claim Deed
related
—
—
—
Brg Carriage Hill Il LLC
—
Deed Of Trust
related
$24,960,000 · Burke & Herbert Bk&tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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