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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Life science properties
737 5th St, Richmond, VA 23219-1441
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-0262366
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2013
Construction
STONE
Total area
111,948 SF
Lot
2.64 ac (114,911 SF)
Zoning code
RP REASEARCH PARK
APN
N-000-0023-001
UPID
US87-0262366
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
-
BRAINBox Solutions, Inc Corporate Office
-
Virginia Bio Tech Research Prk Research Institute
-
ImmunArray Medical Clinic
-
Health Diagnostic Laboratory, Inc. Medical Laboratory Health Consultant
-
US pharmacopeia Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Ls Biotech Eight LLC · 8 yrs held
Ls Biotech Eight LLC
since 2017
7 recorded transactions
Zoning & alternative use
RP REASEARCH PARK · 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
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
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
$5 / 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
$76,911,000
Assessed 2024
Previous assessed
$76,911,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$7,527,000
Assessed improvement
$69,384,000
Land market value
$7,527,000
Improvement market value
$69,384,000
Total market value
$76,911,000
Applied tax rate
6.0000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2013
Construction
STONE
Heating
YES
Buildings
3
Stories
6
Rooms
1
Total area
111,948 SF
Lot
2.64 ac (114,911 SF)
Zoning code
RP REASEARCH PARK
APN
N-000-0023-001
UPID
US87-0262366
Jurisdiction
RICHMOND CITY
Zoning & alternative use
RP REASEARCH PARK · Richmond, VA
Zoning RP REASEARCH PARK · permitted uses
RP REASEARCH PARK · 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
2013
Construction
STONE
Heating
YES
Stories
6
Buildings
3
Rooms
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Ls Biotech Eight LLC
Entity
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2017
$92,000,000
Ls Biotech Eight LLC
Biotech Building LLC
Grant Deed
related
—
Dec 28, 2015
—
Biotech Bldg LLC
Biotech 8 LLC
Quit Claim Deed
related
$55,000,000 · Other Institutional Lenders
Jun 19, 2013
—
Biotech 8 LLC
Biotech 8 LLC
Quit Claim Deed
related
—
Apr 12, 2013
$2,350,000
Biotech 8 LLC
Virginia Biotechnology Researc
Warranty Deed
—
Aug 27, 2012
—
Biotech 8 LLC
Virginia Electric & Power Co
Quit Claim Deed
related
—
May 9, 2012
—
Biotech
Biotech 8 LLC
Quit Claim Deed
related
—
Apr 16, 2012
—
Biotech 8 LLC
Biotech 8 LLC
Quit Claim Deed
related
—
Nov 22, 2006
$1,000,000
Biotech 8 LLC
Virginia Biotechnology
Grant Deed
—
Nov 22, 2006
$1,432,500
Biotech 8 LLC
Va Commonwealth University
Grant Deed
related
$18,160,000 · Resource Bk
—
—
Biotech 8 LLC
—
Deed Of Trust
related
$39,500,000 · Fulton Bk
—
—
Biotech 8 LLC
—
Loan Modification
related
$56,754,106 · Fulton Bk
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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