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Property profile & analytics
OFF-MARKET
Estimated value
$18,035,000
Assisted living facilities
7246 Frst Hl Ave Richmond, VA 23225-1524
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-0927194
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
55,836 SF
Lot
1.95 ac (84,811 SF)
Zoning code
R-02 RESIDENTIAL OFFICE
APN
C-003-0086-010
UPID
US87-0927194
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
-
Southampton Rehabilitation & Healthcare Center Nursing Home
-
Jason Gilmore Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.04M
Owner & transaction history
Southampton Real Property LLC · 3 yrs held
Southampton Real Property LLC
since 2022
Last sale
$18.8M
6 recorded transactions
Zoning & alternative use
R-02 RESIDENTIAL OFFICE · 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
Method
Estimation
Statistic approach
$16,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.04M
Range $16.23M – $19.84M · ±10% · vs last sale $18.82M (Dec 5 2022)
Last sale anchor
$18.82M
Dec 5 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$323 / SF
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 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$9,288,000
Assessed 2024
Previous assessed
$9,288,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,696,000
Assessed improvement
$7,592,000
Land market value
$1,696,000
Improvement market value
$7,592,000
Total market value
$9,288,000
Applied tax rate
4.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Total area
55,836 SF
Lot
1.95 ac (84,811 SF)
Zoning code
R-02 RESIDENTIAL OFFICE
APN
C-003-0086-010
UPID
US87-0927194
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-02 RESIDENTIAL OFFICE · Richmond, VA
Zoning R-02 RESIDENTIAL OFFICE · permitted uses
R-02 RESIDENTIAL OFFICE · 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
1975
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Lot
1.95 ac
Current owner
From public records · entity-resolved
Southampton Real Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1608 RTE 88TH STE #200, BRICK, NJ 08724-3009
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
$18,816,000
Southampton Real Property LLC
Gb Forest Hill-chippenham Real Prop
Special Warranty Deed
—
Mar 13, 2019
$9,494,280
Gb Forest Hill-chippenham Real
Stratford Hills Re LLC
Trustees Deed
$90,000,000 · White Oak Healthcare Fin LLC
Oct 20, 2016
—
Stratford Hills Re LLC
—
Deed
related
$9,760,000 · Privatebank & Tr
Jul 19, 2012
$12,075,300
Stratford Hills Re LLC
Health Care Reit INC
Special Warranty Deed
$115,000,000 · The Privatebank And Trust
—
—
Stratford Hills Re LLC
—
Loan Modification
related
$107,000,000 · Privatebank & Tr
—
—
Stratford Hills Re LLC
—
Deed Of Trust
related
$9,760,000 · Privatebank & Tr
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.
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