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Property profile & analytics
FOR LEASE
Super regional malls
798 Southpark Blvd Colonial Heights, VA 23834
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1682037
For Lease
1 / 15
$22 SF/Yr
798 Southpark Blvd, Colonial Heights, VA 23834
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1992
Construction
STEEL FRAME
Total area
41,305 SF
Lot
4.55 ac (198,372 SF)
Zoning code
B3
APN
68204900006
UPID
US87-1682037
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
-
Crystal Nails Nail Salon
-
The Smoothie Spot Restaurant
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Ji Orthodontics Dental Office
-
OneMain Financial Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.56M
CAP Approach
CAP
$8.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.56M
Owner & transaction history
Sky Horses Holdings LLC · 1 yrs held
Sky Horses Holdings LLC
since 2024
Last sale
$7.6M
2 recorded transactions
Zoning & alternative use
B3 · Colonial Heights, 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 Colonial Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colonial Heights 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
$7,555,000
ML approach
$7,555,000
CAP Approach
CAP Return
Estimation
6%
$8,930,000
6.5%
$8,245,000
7%
$7,655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,215,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$7.56M
Range $6.80M – $8.31M · ±10% · vs last sale $7.56M (Sep 9 2024)
Last sale anchor
$7.56M
Sep 9 2024
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
$183 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$46,049
Tax year 2024
Assessed value
$3,837,400
Assessed 2024
Previous assessed
$3,837,400
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,963,900
Assessed improvement
$1,873,500
Land market value
$1,963,900
Improvement market value
$1,873,500
Total market value
$3,837,400
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1992
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
41,305 SF
Lot
4.55 ac (198,372 SF)
Zoning code
B3
APN
68204900006
UPID
US87-1682037
Jurisdiction
COLONIAL HEIGHTS CITY
Zoning & alternative use
B3 · Colonial Heights, VA
Zoning B3 · permitted uses
B3 · Colonial Heights, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colonial Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.2M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
4.55 ac
Current owner
From public records · entity-resolved
Sky Horses Holdings LLC
Entity
Mailing address
3360 POST OFC RD UNIT #1698, WOODBRIDGE, VA 22195-8039
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 9, 2024
$7,556,000
Sky Horses Holdings LLC
Evans Best LLC
Special Warranty Deed
$4,750,000 · Bank Of America NA
Dec 5, 2022
$4,200,000
Evans Best LLC
Faison-colonial Heights Office Asso
Special Warranty Deed
$3,570,000 · Rev Federal Credit Union
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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