Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7831 Shrader Rd Henrico, VA 23294-4210
    Back to Search
    Property profile & analytics

    7831 Shrader Rd, Henrico, VA 23294-4210

    View on Map
    • Hotels
    • 54,242 SF
    • 2.26 lot acres
    Off-Market
    Property ID
    US87-0825159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 7831 Shrader Rd

    Year built
    1998
    Lot size
    2.26 lot acres
    Zone code
    B-3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    764-752-7461
    APU
    7647527461

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2025 — Hare Krishna Boxwood LLC — Deed · related $42M · Argentic Real Estate Finance 2 LLC
    Jul 14, 2022 — Hare Krishna Richmond Hotel LLC — Deed · related $180.8M · Starwood Roperty Mortgage Sub-10-a- LLC
    May 4, 2021 — Hare Krishna Richmond Hotel LLC — Deed · related $32M · Starwood Property Mortgage LLC
    May 29, 2018 $9,000,000 Hare Krishna Richmond Hotel Ll Generation Sre Richmond LLC Grant Deed $5k · Pfp Holding Co V LLC
    Oct 7, 2016 — Generation Sre Richmond LLC Gp1 Property Owner LLC Grant Deed · related —
    Oct 31, 2013 — Gp1 Property Owner LLC Properties I LLC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $940,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,107,000
      Market price range: $518k - $2.00M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,105,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.527
    Latitude
    37.625
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,597
    $687,800
    $4,926,300
    $5,614,100
    -
    $687,800
    $4,926,300
    $5,614,100

    Comparable in this City

    • Value Estimation by Request
      14,028 SF

      8008 Broad St

      HOTEL/MOTEL
      8008 Broad St, Henrico, VA 23294-4218
      View Details
    • Value Estimation
      $2,530,000
      57,024 SF

      7201 Broad St

      HOTEL/MOTEL
      7201 Broad St, Henrico, VA 23294-3601
      View Details
    • Value Estimation
      $3,485,000
      45,288 SF

      7300 Broad St

      HOTEL/MOTEL
      7300 Broad St, Henrico, VA 23294-3604
      View Details
    • Value Estimation by Request
      19,247 SF

      7200 Broad St

      HOTEL/MOTEL
      7200 Broad St, Henrico, VA 23294-3602
      View Details
    • Value Estimation
      $845,000
      39,702 SF

      8010 Broad St

      HOTEL/MOTEL
      8010 Broad St, Henrico, VA 23294-4218
      View Details
    • Value Estimation
      $2,145,000
      185,387 SF

      2925 Emerywood Pkwy

      HOTEL/MOTEL
      2925 Emerywood Pkwy, Henrico, VA 23294-3707
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Near Highway 64

      1.053 acre R-3 zoned land with highway access.
      2811 N Parham Rd, Henrico, VA 23294
      View Details
    • Contact for pricing

      Prime Land For Sale

      2.21 acres, ideal for medical, motel, or office condos.
      7821 Shrader Rd, Richmond, VA 23294
      View Details
    • Contact for pricing

      Land with Excellent Visibility

      Land with high visibility, ideal for medical, motel, or office.
      7821 Shrader Rd, Henrico, VA 23294
      View Details
    • Contact for pricing
      12,876 SF

      Colonial Brick Office Building

      Three-story office building with high visibility and ample parking.
      2604 N Parham Rd, Henrico, VA 23294
      View Details
    • Contact for pricing

      2.1 Acre Hard Corner Outparcel

      2.1 acre commercial land for sale, ground lease, or build-to-suit.
      7411 W Broad St, Richmond, VA 23294
      View Details
    • Contact for pricing
      7,914 SF

      Retail Property on Broad Street

      Retail property with 7,914 square feet of space.
      8205 W Broad St, Henrico, VA 23294
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,576 SF

      Healthcare Property Available For Lease

      Healthcare property with 13,576 square feet available for lease.
      7702 East Parham Rd, Richmond, VA 23294
      View Details
    • Contact for pricing

      Office/Medical Space Near I-64

      Office/Medical space for lease with direct highway access.
      2819 North Parham Rd, Richmond, VA 23294
      View Details
    • Contact for pricing
      1,230 SF

      Professional Office Space Available

      Office spaces for lease with diverse floorplans and ample parking.
      2800 N Parham Rd, Richmond, VA 23294
      View Details
    • Contact for pricing
      12,245 SF

      Class A Office Building

      One-story office building with flexible space and convenient location.
      2805 N Parham Rd, Henrico, VA 23294
      View Details
    • Contact for pricing
      4,751 SF

      Renovated Office Space Available

      Recently renovated office space with on-site amenities for rent.
      7702 E Parham Rd, Henrico, VA 23294
      View Details
    • Contact for pricing
      1,823 SF

      Medical Office Space for Rent

      Medical office space available in Henrico, near Parham Doctors' Hospital.
      7660 E Parham Rd, Henrico, VA 23294
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7831 Shrader Rd
    Henrico, VA 23294-4210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7831 Shrader Rd, Henrico, VA, 23294
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!