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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Office buildings
8012 Midlothian Tpke North Chesterfield, VA 23235-5232
Entity Owned
7-yr Hold
Free & Clear
Property ID
US87-0344989
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
5,355 SF
Lot
0.93 ac (40,554 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
760-70-61-45-100-000
UPID
US87-0344989
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
-
Matthew Ventresca: Allstate Insurance Insurance Agency
-
Landmark-Fleet Surveyors Land Surveyor
-
BEC/Plastic Card Solutions, Inc. Security Service
-
Family First Children Services of VA Foster Care Service Social Service Agency
-
Creative NxGen Petroleum, LLC Fuel Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$1.01M
Owner & transaction history
Midlothian LLC · 7 yrs held
Midlothian LLC
since 2018
4 recorded transactions
Zoning & alternative use
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+127.3%
Commercial (general)
$1.3M
+101.8%
Auto repair, garage
$975,000
+47.1%
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 North Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Chesterfield 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,280,000
6.5%
$1,180,000
7%
$1,095,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$665,000
Current use
RESTAURANT
$1,505,000
Change: +127% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,340,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$975,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$890,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$860,000
Change: +30% · Conversion: Easy
RETAIL STORES
$770,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$189 / 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
$6,924
Tax year 2024
Assessed value
$744,300
Assessed 2024
Previous assessed
$720,000
+3.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$379,200
Assessed improvement
$365,100
Land market value
$379,200
Improvement market value
$365,100
Total market value
$744,300
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Stories
1
Total area
5,355 SF
Lot
0.93 ac (40,554 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
760-70-61-45-100-000
UPID
US87-0344989
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Zoning C3 - COMMUNITY BUS DIST · permitted uses
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Chesterfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$665,000
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$975,000
MEDICAL BUILDING
Est. value
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$860,000
RETAIL STORES
Est. value
$770,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1981
Heating
NONE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Midlothian LLC
Entity
Free & Clear · 7 yrs held
Mailing address
8012 MIDLOTHIAN TPKE #100, NORTH CHESTERFIELD, VA 23235-5232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
—
Waterford Midlo LLC
—
Deed
related
$440,000 · Citizens And Farmers Bank
Oct 5, 2018
$475,000
Midlothian LLC
J & M Smith Ent LLC
Grant Deed
—
Jan 19, 2007
—
J & M Smith Enterprises LLC
Smith,james D & Marian T
Quit Claim Deed
related
—
Sep 1, 1999
$400,000
James D Smith
S V H C INC
Grant Deed
$400,000 · 1st Market Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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