Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,060,000
Industrial properties
8555 Magellan Pkwy Richmond, VA 23227-1333
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1272452
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
58,059 SF
Lot
7.12 ac (310,147 SF)
Zoning code
M-1C
APN
791-760-0456
UPID
US87-1272452
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
-
Tyco SimplexGrinnell Production Facility Building Supply
-
Tyco Integrated Security Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.67M
Comparable Approach
Comparable
$7.79M
Blend (final)
Blend
$6.06M
Owner & transaction history
Magellan Va LLC
Magellan Va LLC
since 2026
2 recorded transactions
Zoning & alternative use
M-1C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$9.7M
+61.7%
Neighborhood: shopping center
$9.5M
+59.4%
Commercial (general)
$9.2M
+53.2%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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%
$6,135,000
6.5%
$5,665,000
7%
$5,260,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,985,000
Current use
MEDICAL BUILDING
$9,670,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,540,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,170,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$8,585,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$6.06M
Range $5.45M – $6.67M · ±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
$104 / 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
$59,510
Tax year 2024
Assessed value
$7,056,100
Assessed 2024
Previous assessed
$7,056,100
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$640,800
Assessed improvement
$6,415,300
Land market value
$640,800
Improvement market value
$6,415,300
Total market value
$7,056,100
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
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
SPACE
Stories
1
Total area
58,059 SF
Lot
7.12 ac (310,147 SF)
Zoning code
M-1C
APN
791-760-0456
UPID
US87-1272452
Jurisdiction
HENRICO
Zoning & alternative use
M-1C · Richmond, VAZoning M-1C · permitted uses
M-1C · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$9.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$9.2M
OFFICE BUILDING
Est. value
$8.6M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2007
Heating
SPACE
Stories
1
Lot
7.12 ac
Current owner
From public records · entity-resolved
Magellan Va LLC
Entity
Mailing address
7373 WISCONSIN AVE STE #700, BETHESDA, MD 20814-3767
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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 9, 2026
—
Magellan Va LLC
Magellan Investors LLC
Deed
related
$20,000,000 · Manufacturers & Traders Trust Co
Oct 29, 2025
$10,200,000
Magellan Va LLC
Magellan Investors LLC
Special Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8555 Magellan Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
