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Financial
Distress signals
Property profile

7229 Forest Ave Richmond, VA 23226

FOR LEASE
Office buildings
Property ID
US87-1035516
38,672 SF 5.58 ac lot Built 1995
Last sale Jan 2022 · $7,710,588
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Highland I and Highland II are office buildings within the Glen Forest Office Park, a portfolio of 11 buildings totaling 567,000 square feet in western Henrico. The buildings provide office space that can accommodate a range of tenant sizes, from approximately 1,279 to 18,790 square feet, and Highland II includes a renovated lobby. The office park is situated on an 84-acre campus near the intersection of Interstate 64 and Glenside Drive, with on-site parking and proximity to nearby amenities,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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 · 2023

What does the county charge?
$51k
Tax billed · 2023
Assessed value · 2024$6.12M
Assessed land$1.03M
Assessed improvement$5.09M
Effective rate0.83%

Value estimate

· Oct 2026
$6.75M
$6.08M – $7.43M
AI approach$7.02M
CAP approach$8.53M
Submarket $/SF estimate$6.12M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$185/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$158 – $242

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?
R-6
The following uses of buildings and premises shall be permitted in the R-6 district: (1) Any principal use permitted in the R-1 district ...
General categoryRESIDENTIAL
JurisdictionHENRICO

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply17.2
Storage Facility15.7
Hair Salon15.5

Location

7229 Forest Ave Richmond, VA 23226
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7275 Gln Frst, Richmond, VA 23226-3777 $7,710,588 Jan 2022 39,385 SF
7201 Gln Frst, Richmond, VA 23226-3775 $7,710,588 Jan 2022 36,966 SF
1700 Bayberry, Richmond, VA 23226-3791 $7,710,588 Jan 2022 47,936 SF
7100 Frst, Richmond, VA 23226-3794 $7,710,588 Jan 2022 29,610 SF
1800 Bayberry, Richmond, VA 23226-3774 $7,710,588 Jan 2022 62,000 SF
7200 Gln Frst, Richmond, VA 23226-3768 $15,000,000 Mar 2020 38,046 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
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