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    Property profile & analytics

    8011 Midlothian Tpke Richmond, VA 23235

    • Medical offices
    • 1,750 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $1,760,000
    Last Sale
    Oct 02, 2024
    $1,750,000
    Location Intelligence
    Property ID
    US87-0705403
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 8011 Midlothian Tpke

    Year built
    1965
    Lot size
    0.55 lot acres
    Property size
    1,750 SF
    Zone code
    C5 - GEN BUSINESS DIST
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    760-70-51-19-500-000
    APU
    760705119500000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,745,000
      6.5%
      $1,650,000
      7%
      $1,755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,915,000
      Geo Method
      $1,825,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,975,000
      Retail
      $1,515,000
      Mixed-Use
      $1,445,000
      Hospitality
      $1,445,000
      Educational
      $2,005,000
      Residential Income
      $1,790,000
      Energy
      $1,730,000
      Income-Based Land
      $1,945,000
      Food Service
      $1,685,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5445
    Latitude
    37.4972
    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
    2024
    $14,004
    $276,700
    $1,259,800
    $1,536,500
    -
    $276,700
    $1,259,800
    $1,536,500

    Comparable in this City

    • Value Estimation by Request
      17,134 SF

      1400 Johnston Willis Dr

      MEDICAL BUILDING • 17,134 SF
      1400 Johnston Willis Dr, North Chesterfield, VA 23235-4765
      View Details
    • Value Estimation by Request
      40,216 SF

      1051 Johnston Willis Dr

      MEDICAL BUILDING • 40,216 SF
      1051 Johnston Willis Dr, North Chesterfield, VA 23235-4872
      View Details
    • Value Estimation by Request
      9,995 SF

      7410 Hull St Rd

      MEDICAL BUILDING • 9,995 SF
      7410 Hull St Rd, North Chesterfield, VA 23235-5834
      View Details
    • Value Estimation
      $240,000
      5,566 SF

      8710 Choctaw Rd

      MEDICAL BUILDING • 5,566 SF
      8710 Choctaw Rd, North Chesterfield, VA 23235-3472
      View Details
    • Value Estimation by Request
      66,768 SF

      9109 Stony Pt Dr

      MEDICAL CLINIC • 66,768 SF
      9109 Stony Pt Dr, Richmond, VA 23235-1979
      View Details
    • Value Estimation by Request
      87,282 SF

      8700 Stony Pt Pkwy

      MEDICAL CLINIC • 87,282 SF
      8700 Stony Pt Pkwy, Richmond, VA 23235-1962
      View Details

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    Similar Nearby for Lease

    • $17 SF/Yr
      66,867 SF

      Midlothian Turnpike Medical Office Space

      Prime Medical Office & Daycare Space Available
      9321 Midlothian Tpke, Bon Air, VA 23235
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    • $18 SF/Yr
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      Office park with recent renovations and medical center proximity.
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      Medical Office Sublease Opportunity

      Sublease opportunity: 17,951 SF medical office near HCA hospital.
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    • Contact for pricing
      62,900 SF

      Office/Medical Build-to-Suit Opportunity

      Customizable office/medical space in Chesterfield County with ample parking.
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    • Contact for pricing
      5,040 SF

      Renovated Office/Medical Building with Yard

      Move-in ready office/medical building with expansion potential and outdoor space.
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    • $24 SF/Yr
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      Class A Medical Space

      Premier medical hub location with immediate Chippenham Parkway access.
      8700 Stony Point Pkwy, Richmond, VA 23235
      View Details
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    Richmond, VA 23235
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    Realmo Value Estimation

    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.

    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.

    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
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