Financial
Distress signals
Property profile

7023 Lee Park Rd Mechanicsville, VA 23111

OFF-MARKET
Other commercial real estate
Property ID
US87-0314471
7,920 SF 1.3 ac lot Built 1985
Last sale Apr 2026 · $704,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This medical office property is located on an approximately 1.3-acre site and features a brick veneer exterior with multiple exterior entrances. The building is configured as three separate suites, including one suite that is prepared for occupancy and two suites that have been demoed for future interior buildout; the overall layout can also be adapted to support a larger single-tenant occupant. The property is zoned B-1 (Neighborhood Business District) and includes approximately 38 parking

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$762k
Assessed land$297k
Assessed improvement$464k
Effective rate0.81%

Value estimate

· Sep 2026
$1.03M
$927k – $1.13M
AI approach$1.02M
CAP approach$1.07M
Sales comparison$1.16M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$236/SF
ZIP average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$113 – $340
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-1
The purpose of this district is to provide primarily for retail shopping and personal service uses, to be developed either as a unit or i...
General categoryCOMMERCIAL
JurisdictionHANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply22.1
Wholesale Shop20.9
Realty agency20.4

Location

7023 Lee Park Rd Mechanicsville, VA 23111-3608
County assessor Recorded deeds · 6 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8100 Creighton, Mechanicsville, VA 23111-4718 $1,800,000 May 2025 7,078 SF
8135 Elm, Mechanicsville, VA 23111-1212 $1,100,000 Mar 2025 6,840 SF
8236 Shady Grv, Mechanicsville, VA 23111-2255 $1,884,460 Mar 2025 3,888 SF
7291 Atlee, Mechanicsville, VA 23111-1729 $1,000,000 Sep 2024 5,116 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7023 Lee Park Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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