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Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Hospitals
7300 Frst Ave Richmond, VA 23226-3735
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-1293310
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1964
Total area
64,867 SF
Lot
6.85 ac (298,299 SF)
Zoning code
R-6C
APN
763-745-0565
UPID
US87-1293310
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
-
Westport Rehabilitation and Nursing Center Nursing Home
-
Westport Health Care Center Medical Clinic
-
Convalescent Care Inc Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.97M
Blend (final)
Blend
$5.02M
Owner & transaction history
7300 Forest Ave LLC · 6 yrs held
7300 Forest Ave LLC
since 2020
Last sale
$5.6M
2 recorded transactions
Zoning & alternative use
R-6C · 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
$3,500,000
ML approach
$4,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.02M
Range $4.52M – $5.52M · ±10% · vs last sale $5.60M (Jan 8 2020)
Last sale anchor
$5.60M
Jan 8 2020
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
$77 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$8,454,000
Assessed 2024
Previous assessed
$8,454,000
+0.0% YoY
Assessed land
$1,342,400
Assessed improvement
$7,111,600
Land market value
$1,342,400
Improvement market value
$7,111,600
Total market value
$8,454,000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1964
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
225
Bathrooms
220
Total area
64,867 SF
Lot
6.85 ac (298,299 SF)
Zoning code
R-6C
APN
763-745-0565
UPID
US87-1293310
Jurisdiction
HENRICO
Zoning & alternative use
R-6C · Richmond, VA
Zoning R-6C · permitted uses
R-6C · 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
1964
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Rooms
225
Bathrooms
220
Lot
6.85 ac
Current owner
From public records · entity-resolved
7300 Forest Ave LLC
Entity
Mailing address
400 BLVD OF AMERICAS, LAKEWOOD, NJ 08701-4785
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2020
$16,380,000
7300 Forest Ave LLC
7300 Forest Ave R/e LLC
Grant Deed
$97,200,000 · Monticello Fndg Bth -34 LLC
Dec 20, 2011
$5,600,900
Southern Snf Holding Co LLC
Westport Operations LLC
Grant Deed
$10,448,800 · M & T Realty Capital Corp
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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