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Property profile & analytics
FOR LEASE
Retail space
5201 Commonwealth Centre Pkwy Midlothian, VA 23112
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-3760743
For Lease
1 / 3
$22 SF/Yr
5201 Commonwealth Centre Pkwy, Midlothian, VA 23112
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
16,800 SF
Lot
1.95 ac (84,942 SF)
Zoning code
C4 - REGIONAL BUS DIST
APN
735-67-69-46-700-000
UPID
US87-3760743
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
-
Massage Envy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.47M
CAP Approach
CAP
$3.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.47M
Owner & transaction history
Commonwealth Midlothian Acquisition · 4 yrs held
Commonwealth Midlothian Acquisition
since 2022
Last sale
$3.6M
4 recorded transactions
Zoning & alternative use
C4 - REGIONAL BUS DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.2M
+22.5%
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
$3,400,000
ML approach
$3,470,000
CAP Approach
CAP Return
Estimation
6%
$3,550,000
6.5%
$3,275,000
7%
$3,040,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,390,000
Current use
AUTO REPAIR, GARAGE
$4,155,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$2,875,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10% · vs last sale $3.60M (Apr 21 2022)
Last sale anchor
$3.60M
Apr 21 2022
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
$207 / 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
$37,823
Tax year 2024
Assessed value
$4,163,700
Assessed 2024
Previous assessed
$2,804,100
+48.5% YoY
Effective rate
0.91%
On assessed value
Assessed land
$840,900
Assessed improvement
$3,322,800
Land market value
$840,900
Improvement market value
$3,322,800
Total market value
$4,163,700
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2008
Heating
NONE
Stories
1
Total area
16,800 SF
Lot
1.95 ac (84,942 SF)
Zoning code
C4 - REGIONAL BUS DIST
APN
735-67-69-46-700-000
UPID
US87-3760743
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C4 - REGIONAL BUS DIST · Midlothian, VA
Zoning C4 - REGIONAL BUS DIST · permitted uses
C4 - REGIONAL BUS 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
RETAIL STORES Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$4.2M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Stories
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Commonwealth Midlothian Acquisition
Individual
Mailing address
5201 COMMONWEALTH CTR PKWY, MIDLOTHIAN, VA 23112-2623
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Apr 21, 2022
$3,600,000
Commonwealth Midlothian Acquisition
Solomon Commonwealth Plaza LLC
Special Warranty Deed
$3,060,000 · Summit Community Bank INC
Nov 24, 2008
$4,988,200
Solomon Commonwealth Plz LLC
Frontier Midlothian LLC
Grant Deed
$3,041,000 · Eagle Bank
Oct 23, 2007
$1,000,000
Frontier Midlothian LLC
Best Locations LLC
Grant Deed
—
—
—
Solomon Commonwealth Plaza LLC
—
Deed Of Trust
related
$2,500,000 · Capital Bk
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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