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Property profile & analytics
OFF-MARKET
Estimated value
$11,050,000
Industrial properties
8040 Villa Park Dr Henrico, VA 23228-6507
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0555061
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1991
Total area
74,732 SF
Lot
6.72 ac (292,723 SF)
Zoning code
O-S
APN
781-755-6052
UPID
US87-0555061
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
$7.66M
CAP Approach
CAP
$14.36M
Comparable Approach
Comparable
$11.00M
Blend (final)
Blend
$11.05M
Owner & transaction history
Abmar Villa Park LLC · 4 yrs held
Abmar Villa Park LLC
since 2022
Last sale
$12.4M
4 recorded transactions
Zoning & alternative use
O-S · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.6M
+29.5%
Medical building
$12.5M
+18.5%
Neighborhood: shopping center
$12.3M
+16.8%
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
$9,665,000
ML approach
$7,655,000
CAP Approach
CAP Return
Estimation
6%
$15,555,000
6.5%
$14,355,000
7%
$13,330,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,510,000
Current use
AUTO REPAIR, GARAGE
$13,610,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$12,450,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,280,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,015,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$10,765,000
Change: +2% · Conversion: Easy
OFFICE BUILDING
$10,510,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$11.05M
Range $9.95M – $12.16M · ±10% · vs last sale $12.40M (May 27 2022)
Last sale anchor
$12.40M
May 27 2022
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
$148 / 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
$79,854
Tax year 2023
Assessed value
$9,394,600
Assessed 2024
Previous assessed
$9,394,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$604,800
Assessed improvement
$8,789,800
Land market value
$604,800
Improvement market value
$8,789,800
Total market value
$9,394,600
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
1991
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
74,732 SF
Lot
6.72 ac (292,723 SF)
Zoning code
O-S
APN
781-755-6052
UPID
US87-0555061
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
$10.5M
AUTO REPAIR, GARAGE
Est. value
$13.6M
MEDICAL BUILDING
Est. value
$12.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.0M
RETAIL STORES
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1991
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.72 ac
Current owner
From public records · entity-resolved
Abmar Villa Park LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7 WELWYN PL, HENRICO, VA 23229-8111
Ownership since
2022
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
May 27, 2022
$12,400,000
Abmar Villa Park LLC
8040 Villa Park LLC
Special Warranty Deed
—
Apr 1, 2016
$8,144,000
8040 Villa Park LLC
Villa Park I LLC
Grant Deed
related
—
Jul 29, 2011
—
Villa Pk I LLC
Registered Holders Of Trust Union-l
Grant Deed
$4,600,000 · Washington First Bk
Mar 18, 2011
$2,600,000
Us Bk National Assn
Bliley,paul S JR
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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