Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    701 German School Rd Richmond, VA 23225-5357
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    701 German School Rd Richmond, VA 23225-5357

    View on Map
    • Office buildings
    • 1,990 SF
    • 15.56 lot acres
    Off-Market
    Property ID
    US87-0939984
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wxgi / Radio Station / Telecommunications Service

    Property Details for 701 German School Rd

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    15.56 lot acres
    Property size
    1,990 SF
    Zone code
    MULTIPLE ZONING
    Property type
    Office buildings
    APN
    C-005-0753-036
    APU
    C0050753036

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5073
    Latitude
    37.5145
    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
    2020
    $20
    $482,000
    $172,000
    $654,000
    -
    $482,000
    $172,000
    $654,000

    Comparable in this City

    • Value Estimation
      $6,760,000
      67,851 SF

      312 Turner Rd

      OFFICE BUILDING • 67,851 SF
      312 Turner Rd, Richmond, VA 23225
      View Details
    • Value Estimation
      $13,945,000
      142,290 SF

      1100 Boulders Pkwy

      OFFICE BUILDING • 142,290 SF
      1100 Boulders Pkwy, North Chesterfield, VA 23225-4036
      View Details
    • Value Estimation
      $625,000
      3,159 SF

      6929 Frst Hl Ave

      PROFESSIONAL BUILDING • 3,159 SF
      6929 Frst Hl Ave, Richmond, VA 23225-1605
      View Details
    • Value Estimation by Request
      1,500 SF

      6972 Frst Hl Ave

      PROFESSIONAL BUILDING • 1,500 SF
      6972 Frst Hl Ave, Richmond, VA 23225-1654
      View Details
    • Value Estimation by Request
      1,933 SF

      8041 Frst Hl Ave

      PROFESSIONAL BUILDING • 1,933 SF
      8041 Frst Hl Ave, Richmond, VA 23225-1907
      View Details
    • Value Estimation
      $1,190,000
      10,070 SF

      7122 Frst Hl Ave

      PROFESSIONAL BUILDING • 10,070 SF
      7122 Frst Hl Ave, Richmond, VA 23225-1542
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Midlothian Turnpike Commercial Building

      Two-level, 30,000 sq ft building on 1.3 acres.
      5400 Midlothian Tpke, Richmond, VA 23225
      View Details
    • Contact for pricing
      7,200 SF

      Modern Office/Retail Space Available

      7,200 SF office/retail space in Stonebridge Shopping Center.
      221 Stonebridge Plaza Ave, Richmond, VA 23225
      View Details
    • Contact for pricing

      Commercial Land in Opportunity Zone

      Land available for commercial development in Chesterfield County.
      Chippenham Pkwy, North Chesterfield, VA 23225
      View Details
    • $695,000
      2,625 SF

      Retail Building in Richmond

      Retail building for sale in Richmond, Virginia.
      6150 Midlothian Tpke, Richmond, VA 23225
      View Details
    • Contact for pricing

      Land Parcel with Existing Building

      One-acre land parcel with an 801 SF building for sale.
      6359 Jahnke Rd, Richmond, VA 23225
      View Details
    • Contact for pricing
      184,324 SF

      Established Retail Center For Sale

      Fully leased retail center adjacent to mixed-use development.
      7413 Midlothian Tpke, North Chesterfield, VA 23225
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,254 SF

      Class A Office Building

      Four-story Class A office building with lake views.
      7300 Beaufont Springs Dr, Richmond, VA 23225
      View Details
    • Contact for pricing
      3,656 SF

      Class A Office Space Richmond

      Class A office building with suites and modern amenities.
      1100 Boulders Pkwy, Richmond, VA 23225
      View Details
    • Contact for pricing

      Office Space in Richmond, VA

      Office space available for lease in Richmond, Virginia.
      7325 Beaufont Springs Dr, Richmond, VA 23225
      View Details
    • Contact for pricing

      Office Space in Richmond, VA

      Office property available for lease in Richmond, Virginia.
      7401 Beaufont Springs Dr, Richmond, VA 23225
      View Details
    • Contact for pricing

      Office Space in Richmond, VA

      Office space available for lease in Richmond, Virginia.
      7501 Boulders View Dr, Richmond, VA 23225
      View Details
    • Contact for pricing
      6,487 SF

      Office Space Near Chippenham Hospital

      Office space for rent, located across from Chippenham Hospital.
      681 Hioaks Rd, Richmond, VA 23225
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 German School Rd
    Richmond, VA 23225-5357
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!