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Property profile & analytics
FOR LEASE
Office buildings
8720 Stony Point Pkwy Richmond, VA 23222
Individually Owned
Free & Clear
Property ID
US87-0674037
For Lease
1 / 3
$18,215,000
8720 Stony Point Pkwy, Richmond, VA 23222
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
CONCRETE
Total area
108,996 SF
Lot
11.44 ac (498,152 SF)
Zoning code
R-2 SINGLE FAMILY
APN
C-001-0757-062
UPID
US87-0674037
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
-
Nino Rosado, Movement Mortgage Loan Service Bank
-
Colony Specialty Insurance Agency
-
Highwoods Properties Inc Real Estate Agency
-
Inogent Lab Pharmacy
-
Steven M. Consiglio, MS, CLTC, Financial Planner Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.05M
Comparable Approach
Comparable
$14.62M
Blend (final)
Blend
$18.22M
Owner & transaction history
Va Commonwealth Univ Health System
Va Commonwealth Univ Health System
since 2025
Last sale
$16.0M
2 recorded transactions
Zoning & alternative use
R-2 SINGLE FAMILY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$27.2M
+101.8%
Auto repair, garage
$19.9M
+47.1%
Medical building
$18.2M
+34.5%
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%
$26,050,000
6.5%
$24,050,000
7%
$22,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,495,000
Current use
COMMERCIAL (GENERAL)
$27,235,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$19,855,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$18,155,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$17,905,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,520,000
Change: +30% · Conversion: Easy
RETAIL STORES
$15,705,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$18.22M
Range $16.39M – $20.04M · ±10% · vs last sale $16.00M (Jun 2 2025)
Last sale anchor
$16.00M
Jun 2 2025
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
$167 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$14,055,000
Assessed 2024
Previous assessed
$14,252,000
-1.4% YoY
Effective rate
0.00%
On assessed value
Assessed land
$3,435,000
Assessed improvement
$10,620,000
Land market value
$3,435,000
Improvement market value
$10,620,000
Total market value
$14,055,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
4
Total area
108,996 SF
Lot
11.44 ac (498,152 SF)
Zoning code
R-2 SINGLE FAMILY
APN
C-001-0757-062
UPID
US87-0674037
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-2 SINGLE FAMILY · Richmond, VA
Zoning R-2 SINGLE FAMILY · permitted uses
R-2 SINGLE FAMILY · 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
OFFICE BUILDING Current
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$27.2M
AUTO REPAIR, GARAGE
Est. value
$19.9M
MEDICAL BUILDING
Est. value
$18.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.5M
RETAIL STORES
Est. value
$15.7M
OFFICE BUILDING Current
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
1999
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
11.44 ac
Current owner
From public records · entity-resolved
Va Commonwealth Univ Health System
Individual
Free & Clear · 0 yrs held
Mailing address
4501 HIGHWOODS PKWY STE #400, GLEN ALLEN, VA 23060-6153
Ownership since
2025
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
Sep 2, 2025
$16,000,000
Va Commonwealth Univ Health System
Highwoods Realty Limited Partnershi
Special Warranty Deed
—
Oct 25, 2004
—
Highwoods Realty
Va Commonwealth Univ Health Syst
Grant Deed
related
—
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?”
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