Entity Owned Property summary
AI-generated overview
This exceptional 12,178 square foot office building, located at 8401 Mayland Drive in Richmond, Virginia's Parham South submarket, presents a compelling leasing opportunity. Built in 1977, this two-story Class C building features traditional office space ideal for multiple tenants. The property boasts convenient access to Parham Road and I-64, offering seamless commutes for employees and clients. The zoning is O-2, and the APN is 7587520352. While there are no elevators, the building's design facilitates easy access to the first-floor office space. This full-service lease allows businesses to focus on operations, minimizing administrative burdens. The central location provides easy access to all areas of Richmond, making it an attractive option for businesses seeking a professional and accessible environment. The building's footprint reflects a floor area ratio (FAR) of 0.29. This property offers a strategic location for businesses seeking a well-situated office space in a thriving Richmond submarket. The address is 8401 Mayland Dr, Henrico, VA 23294.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
12,178 SF
Lot
0.96 ac (41,992 SF)
Zoning code
O-2
APN
758-752-0352
UPID
US87-0931410
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Health Care Service
-
Family Counselor Massage Therapist
-
Insurance Agency
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.39M
Owner & transaction history
since 2023
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
O-2 · Henrico, VA
Top alternative use upside
Auto repair, garage
$2.2M
+23.2%
Medical building
$2.0M
+12.6%
Neighborhood: shopping center
$2.0M
+11.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.39M
Value range
$1.25M – $1.52M
±10% around blend
Estimated value / SF
$114 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$1.25M
blend $1.39M
$1.52M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,178 SF
Lot area
0.96 ac
Year built
1977
Stories
2
APN
758-752-0352
Zoning
O-2
Assessed value
$534,100
Annual tax
$4,540
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.17M
Range $1.17M – $2.82M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.39M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 277 sales
$148
-23%
County 201 sales
$156
-27%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $114/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+23%
vs current-use indication
Medical Building
Neighborhood: Shopping Center
Apartment House (5+ Units)
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.60M
Move the market yield to see immediate price impact.
Value / SF
$131
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$101k
$2.02M
$1.44M
$1.12M
$112k
$2.24M
$1.60M
$1.24M
$123k
$2.46M
$1.76M
$1.37M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,540
Tax year 2023
Assessed value
$534,100
Assessed 2024
Previous assessed
$534,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$174,300
Assessed improvement
$359,800
Land market value
$174,300
Improvement market value
$359,800
Total market value
$534,100
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
12,178 SF
Lot
0.96 ac (41,992 SF)
Zoning code
O-2
APN
758-752-0352
UPID
US87-0931410
Jurisdiction
HENRICO
Zoning & alternative use
O-2 · Henrico, VAZoning O-2 · permitted uses
O-2 · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.96 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
O-2
Jurisdiction
Henrico, VA
Recorded code
O-2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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