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Property profile & analytics
OFF-MARKET
Estimated value
$11,715,000
Industrial properties
8000 Villa Park Dr Henrico, VA 23228-6500
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-0068799
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1988
Total area
129,759 SF
Lot
12.84 ac (559,180 SF)
Zoning code
O-S
APN
780-754-4684
UPID
US87-0068799
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.43M
Blend (final)
Blend
$11.72M
Owner & transaction history
Villa Park Properties LLC · 6 yrs held
Villa Park Properties LLC
since 2020
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
O-S · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$18.7M
+2.5%
Office building
$18.3M
+0.0%
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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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
$11,430,000
ML approach
$8,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$18,250,000
Current use
RETAIL STORES
$18,695,000
Change: +2% · Conversion: Easy
OFFICE BUILDING
$18,250,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$11.72M
Range $10.54M – $12.89M · ±10% · vs last sale $12.00M (Jan 23 2020)
Last sale anchor
$12.00M
Jan 23 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
$90 / 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
Tax billed
$80,194
Tax year 2023
Assessed value
$9,661,900
Assessed 2024
Previous assessed
$9,661,900
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,155,600
Assessed improvement
$8,506,300
Land market value
$1,155,600
Improvement market value
$8,506,300
Total market value
$9,661,900
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1988
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
129,759 SF
Lot
12.84 ac (559,180 SF)
Zoning code
O-S
APN
780-754-4684
UPID
US87-0068799
Jurisdiction
HENRICO
Zoning & alternative use
O-S · Henrico, VA
Zoning O-S · permitted uses
O-S · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$18.3M
RETAIL STORES
Est. value
$18.7M
OFFICE BUILDING
Est. value
$18.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1988
Heating
SPACE
Cooling
Yes
Stories
1
Lot
12.84 ac
Current owner
From public records · entity-resolved
Villa Park Properties LLC
Entity
Mailing address
PO BOX 840, TULSA, OK 74101-0840
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
Villa Park Properties
—
Deed
related
$2,000,000 · Blue Sky Bank
Jul 31, 2020
—
Villa Park Properties LLC
—
Deed
related
$300,000 · Blue Sky Bank
Jan 23, 2020
$12,000,000
Villa Park Properties LLC
8000 Villa Park Drive LLC
Special Warranty Deed
$9,600,000 · Blue Sky Bank
Nov 26, 2012
$5,297,000
Villa Park Investors LLC
Ct Dev LLC
Grant Deed
—
Oct 11, 2011
—
Ct Dev LLC
—
Deed Of Trust
related
$4,505,000 · Bank Of America
Dec 16, 2004
$2,128,089
Avalon Investments LLC
Commonwealth Foundation For Canc
Grant Deed
—
Dec 16, 2004
—
Commonwealth Foundation For Canc
Riverstone Properties LLC
Grant Deed
related
—
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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