Entity Owned Property summary
AI-generated overview
The property consists of retail space totaling approximately 45,000 square feet for an anchor tenant and an additional approximately 1,600 square feet for an inline tenant. It is located on Midlothian Turnpike, a heavily traveled corridor with reported traffic volume of about 52,000 vehicles per day, providing high street visibility. The retail center has been configured for multiple tenants, and prior tenants have included organizations such as Goodwill, Red Wing, and Alliance Physical Therapy.
Property profile
Verified
Property type
Other shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1980
Total area
45,000 SF
Lot
9.07 ac (395,002 SF)
Zoning code
C5 - GEN BUSINESS DIST
APN
757-70-43-39-200-000
UPID
US87-1125309
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
-
Discount Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.68M
CAP Approach
CAP
$8.98M
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$6.81M
Owner & transaction history
since 2021
Last sale
$6.6M
3 recorded transactions
Zoning & alternative use
C5 - GEN BUSINESS DIST · North Chesterfield, VA
Top alternative use upside
Auto repair, garage
$8.2M
+10.9%
Medical building
$7.5M
+1.4%
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.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.81M
Value range
$6.13M – $7.49M
±10% around blend
Estimated value / SF
$151 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$6.13M
blend $6.81M
$7.49M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
45,000 SF
Lot area
9.07 ac
Year built
1980
Stories
1
APN
757-70-43-39-200-000
Zoning
C5 - GEN BUSINESS DIST
Assessed value
$6,028,700
Annual tax
$56,908
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.98M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.73M
@ 6.5% CAP return
$8.98M
@ 7% CAP return
$8.34M
4
Sales comparison
Partial preview
Sales approach indication
$4.62M
Range $1.98M – $14.18M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.81M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 46 sales
$164
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $151/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
+11%
vs current-use indication
Medical Building
Neighborhood: Shopping Center · current use
Apartment House (5+ Units)
Retail Stores
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
Modeled
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: income and sales evidence cover the value conclusion.
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
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Overview
Implied cap rate
8.60%
Implied, in-place cap rate for this other shopping centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.60%
9.0%
NOI (est.)
$465k *
Last sale · Sep 2021
$6.64M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.40M
Move the market yield to see immediate price impact.
Value / SF
$120
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
8.10%8.60%9.10%
$418k
$5.16M
$4.86M
$4.59M
$465k
$5.74M
$5.40M
$5.11M
$511k
$6.31M
$5.94M
$5.62M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$56,908
Tax year 2024
Assessed value
$6,028,700
Assessed 2024
Previous assessed
$4,238,300
+42.2% YoY
Effective rate
0.94%
On assessed value
Assessed land
$2,172,500
Assessed improvement
$3,856,200
Land market value
$2,172,500
Improvement market value
$3,856,200
Total market value
$6,028,700
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
Other shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
2
Stories
1
Total area
45,000 SF
Lot
9.07 ac (395,002 SF)
Zoning code
C5 - GEN BUSINESS DIST
APN
757-70-43-39-200-000
UPID
US87-1125309
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C5 - GEN BUSINESS DIST · North Chesterfield, VAZoning C5 - GEN BUSINESS DIST · permitted uses
C5 - GEN BUSINESS DIST · North Chesterfield, 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
1980
Heating
NONE
Stories
1
Buildings
2
Lot
9.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C5 - GEN BUSINESS DIST
Jurisdiction
North Chesterfield, VA
Recorded code
C5 - GEN BUSINESS DIST
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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