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Property profile & analytics
FOR LEASE
Office buildings
7204 Glen Forest Dr Richmond, VA 23226
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0915448
For Lease
1 / 2
Contact for pricing
7204 Glen Forest Dr, Richmond, VA 23226
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
44,298 SF
Lot
2.98 ac (129,809 SF)
Zoning code
O-3C
APN
763-746-7206
UPID
US87-0915448
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
-
Dr. Ursula Klostermyer DDS Dental Office Physician
-
Konica Minolta Business Solutions U.S.A., Inc. Computer & Electronic Repair
-
Bergman Group Marketing & Advertising Advertising Agency
-
1st Metropolitan Mortgage Loan Service Bank
-
Randolph Square IP Corporate Office Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Glen Forest Richmond LLC · 10 yrs held
Glen Forest Richmond LLC
since 2016
Last sale
$15.0M
1 recorded transaction
Zoning & alternative use
O-3C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$36,840
Tax year 2023
Assessed value
$4,334,100
Assessed 2024
Previous assessed
$4,334,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$551,700
Assessed improvement
$3,782,400
Land market value
$551,700
Improvement market value
$3,782,400
Total market value
$4,334,100
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Heating
NONE
Cooling
AC.PACKAGE
Stories
3
Total area
44,298 SF
Lot
2.98 ac (129,809 SF)
Zoning code
O-3C
APN
763-746-7206
UPID
US87-0915448
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.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.98 ac
Current owner
From public records · entity-resolved
Glen Forest Richmond LLC
Entity
Mailing address
RICHMOND, VA 23225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2016
$14,258,000
Glen Forest Richmond LLC
Chevy Chase Land Co Of Montgomery
Trustees Deed
$10,850,000 · Webster Bk NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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