Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,975,000
Industrial properties
8570 Magellan Pkwy Richmond, VA 23227-1161
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1122552
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
52,127 SF
Lot
4.18 ac (182,081 SF)
Zoning code
M-1C
APN
791-761-4109
UPID
US87-1122552
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
-
CB Flooring - Richmond, VA General Contractor Renovation Specialist
-
Windsor Business Park Construction Company General Contractor
-
Southern Glazer's Wine & Spirits Big Box & Wholesale Store Distribution Center
-
Brown & Brown Insurance Agency of Virginia Insurance Agency
-
Bonitz Flooring Group Inc Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.95M
CAP Approach
CAP
$5.09M
Comparable Approach
Comparable
$6.37M
Blend (final)
Blend
$7.98M
Owner & transaction history
Windsor II Investment Company LP · 3 yrs held
Windsor II Investment Company LP
since 2022
Last sale
$8.9M
1 recorded transaction
Zoning & alternative use
M-1C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+76.8%
Medical building
$8.7M
+61.7%
Neighborhood: shopping center
$8.6M
+59.4%
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
$7,785,000
ML approach
$7,950,000
CAP Approach
CAP Return
Estimation
6%
$5,510,000
6.5%
$5,085,000
7%
$4,720,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,370,000
Current use
AUTO REPAIR, GARAGE
$9,495,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$8,685,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,565,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,230,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$7,710,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$7.98M
Range $7.18M – $8.77M · ±10% · vs last sale $8.89M (Aug 30 2022)
Last sale anchor
$8.89M
Aug 30 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
$153 / 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
$50,722
Tax year 2024
Assessed value
$5,771,500
Assessed 2024
Previous assessed
$5,771,500
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$376,200
Assessed improvement
$5,395,300
Land market value
$376,200
Improvement market value
$5,395,300
Total market value
$5,771,500
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
2001
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
52,127 SF
Lot
4.18 ac (182,081 SF)
Zoning code
M-1C
APN
791-761-4109
UPID
US87-1122552
Jurisdiction
HENRICO
Zoning & alternative use
M-1C · Richmond, VA
Zoning 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
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
2001
Heating
SPACE
Cooling
Yes
Stories
1
Lot
4.18 ac
Current owner
From public records · entity-resolved
Windsor II Investment Company LP
Entity
Mailing address
7200 WISCONSIN AVE STE #700, BETHESDA, MD 20814-4891
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
$8,888,888
Windsor II Investment Company LP
Magellan Investors LLC
Special Warranty Deed
$7,555,554 · First Community Bank
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 8570 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.
