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    Property profile & analytics

    5928 9th Mile Rd Richmond, VA 23223-3536

    • Office buildings
    • 6,056 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    Jul 05, 2022
    $455,000
    Location Intelligence
    Property ID
    US87-1199755
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Superior Tax Service Inc / Accountant
    • Church / Non-Denominational Church
    • Murphy's Auto Repair LLC. / Auto Repair Shop
    • Kingdom Global Broadcasting Network, LLC / Television Station
    • Juicyy's King Spa LLC / Massage Spa

    Property Details for 5928 9th Mile Rd

    Year built
    1965
    Lot size
    0.26 lot acres
    Property size
    6,056 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    818-726-4939
    APU
    8187264939

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $400,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $330,000
      Mixed-Use
      $430,000
      Hospitality
      $400,000
      Educational
      $410,000
      Residential Income
      $415,000
      Energy
      $400,000
      Income-Based Land
      $435,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.3424
    Latitude
    37.5514
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,033
    $39,000
    $322,100
    $361,100
    -
    $39,000
    $322,100
    $361,100

    Comparable in this City

    • Value Estimation by Request
      10,120 SF

      2317 Broad St

      PROFESSIONAL BUILDING • 10,120 SF
      2317 Broad St, Richmond, VA 23223
      View Details
    • Value Estimation
      $23,615,000
      165,843 SF

      2100 Cary St

      OFFICE BUILDING • 165,843 SF
      2100 Cary St, Richmond, VA 23223-7270
      View Details
    • Value Estimation
      $175,000
      720 SF

      2311 Magnolia Rd

      PROFESSIONAL BUILDING • 720 SF
      2311 Magnolia Rd, Richmond, VA 23223-2321
      View Details
    • Value Estimation
      $210,000
      1,483 SF

      5210 9th Mile Rd

      OFFICE BUILDING • 1,483 SF
      5210 9th Mile Rd, Richmond, VA 23223-3314
      View Details
    • Value Estimation by Request
      1,020 SF

      3001 Mechanicsville Tpke

      OFFICE BUILDING • 1,020 SF
      3001 Mechanicsville Tpke, Richmond, VA 23223-1828
      View Details
    • Value Estimation by Request
      10,621 SF

      3751 9th Mile Rd

      OFFICE BUILDING • 10,621 SF
      3751 9th Mile Rd, Richmond, VA 23223-4830
      View Details

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    Similar Nearby for Lease

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      Office space for rent in vibrant Shockoe Bottom area.
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      Office space available for rent in Richmond, Virginia.
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      Office space in the heart of Scott's Addition.
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    5928 9th Mile Rd
    Richmond, VA 23223-3536
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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