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Property profile & analytics
FOR LEASE
Medical Office Space
5899 Bremo Rd Richmond, VA 23226
Entity Owned
14-yr Hold
Free & Clear
Property ID
US87-1207832
For Lease
1 / 2
$5,065,000
5899 Bremo Rd, Richmond, VA 23226
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
45,934 SF
Lot
0.76 ac (33,323 SF)
Zoning code
O-3C
APN
768-737-4438
UPID
US87-1207832
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
-
Sharline Z Aboutanos MD Physician Medical Clinic
-
Wornom III Isaac L MD Physician Medical Clinic
-
G. Vincent Dalton, M.D. Physician
-
Julious (Jody) P. Smith, III, M.D. Physician
-
Meredith Whitehurst, LPT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.07M
Owner & transaction history
Hr Stmarys Mob West Spe LLC · 14 yrs held
Hr Stmarys Mob West Spe LLC
since 2011
4 recorded transactions
Zoning & alternative use
O-3C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+9.3%
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
MEDICAL BUILDING
$7,650,000
Current use
AUTO REPAIR, GARAGE
$8,365,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,545,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,385,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,255,000
Change: -5% · Conversion: Easy
RETAIL STORES
$6,620,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.57M · ±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
$110 / 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
$84,919
Tax year 2023
Assessed value
$10,231,200
Assessed 2024
Previous assessed
$10,231,200
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$460,300
Assessed improvement
$9,770,900
Land market value
$460,300
Improvement market value
$9,770,900
Total market value
$10,231,200
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
For Lease
Year built
1994
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Total area
45,934 SF
Lot
0.76 ac (33,323 SF)
Zoning code
O-3C
APN
768-737-4438
UPID
US87-1207832
Jurisdiction
HENRICO
Zoning & alternative use
O-3C · Richmond, VA
Zoning O-3C · permitted uses
O-3C · 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
MEDICAL BUILDING Current
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$7.3M
RETAIL STORES
Est. value
$6.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1994
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Hr Stmarys Mob West Spe LLC
Entity
Free & Clear · 14 yrs held
Mailing address
3310 W END AVE STE #700, NASHVILLE, TN 37203-1097
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Nov 19, 2025
—
Aw St Marys Mob West LLC
—
Deed
related
$13,137,000 · Capital One NA
Oct 26, 2011
—
Hr Stmarys Mob West Spe LLC
Stmarys Medical Bldg West Asso
Quit Claim Deed
related
—
—
—
Rehabilitation Assoc LP
—
Deed Of Trust
related
$2,199,959 · Manufacturers Life Insurance
—
—
Stmarys Medical Bldg West Asso
—
Deed Of Trust
related
$2,334,328 · John Hancock Life Insurance Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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