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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Office buildings
8310 Midlothian Tpke, North Chesterfield, VA 23235-5163
Individually Owned
8-yr Hold
Free & Clear
Property ID
US87-1325906
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
6,994 SF
Lot
1.63 ac (71,177 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
757-70-59-37-500-000
UPID
US87-1325906
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
-
Lighthouse Behavioral Health Center Crisis Center Medical Clinic
-
Jaime Shill Counselor
-
Picard Rowe & Rosen Law Firm
-
Richmond Legal Development Center Law School
-
Ashley Marks Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.42M
Owner & transaction history
Roland I Specter · 8 yrs held
Roland I Specter
since 2018
2 recorded transactions
Zoning & alternative use
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+127.3%
Commercial (general)
$1.8M
+101.8%
Auto repair, garage
$1.3M
+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%
$1,670,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$865,000
Current use
RESTAURANT
$1,970,000
Change: +127% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,750,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,275,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,165,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,125,000
Change: +30% · Conversion: Easy
RETAIL STORES
$1,010,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±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
$203 / 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
$10,146
Tax year 2024
Assessed value
$1,088,400
Assessed 2024
Previous assessed
$913,300
+19.2% YoY
Effective rate
0.93%
On assessed value
Assessed land
$782,900
Assessed improvement
$305,500
Land market value
$782,900
Improvement market value
$305,500
Total market value
$1,088,400
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
1978
Heating
NONE
Stories
1
Total area
6,994 SF
Lot
1.63 ac (71,177 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
757-70-59-37-500-000
UPID
US87-1325906
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
$865,000
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
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
1978
Heating
NONE
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Roland I Specter
Individual
Free & Clear · 8 yrs held
Mailing address
PO BOX 2455, CHESTERFIELD, VA 23832-9114
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2018
$750,000
Roland I Specter
William R Cawthorn
Warranty Deed
—
Nov 17, 2003
$212,000
John Santilli
Walton,tracy
Grant Deed
$169,600 · Taylor Bean Whittaker Mtg
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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