New search
Property profile & analytics
FOR LEASE
Office buildings
8730 Stony Point Pkwy, Richmond, VA 23235
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-0287850
For Lease
1 / 2
$20,030,000
8730 Stony Point Pkwy, Richmond, VA 23235
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
CONCRETE
Total area
108,996 SF
Lot
10.68 ac (465,134 SF)
Zoning code
R-2 SINGLE FAMILY
APN
C-001-0757-061
UPID
US87-0287850
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
-
Commonwealth Shareholder Services Financial Advisor
-
Twenty20 Staffing Employment Agency
-
Josh Klemmer, Movement Mortgage Loan Service Bank
-
Dominions Medical Medical Supply Store
-
Autism Society of Central Virginia Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.05M
Comparable Approach
Comparable
$15.05M
Blend (final)
Blend
$20.03M
Owner & transaction history
Stony Point Partners LLC
Stony Point Partners LLC
since 2026
2 recorded transactions
Zoning & alternative use
R-2 SINGLE FAMILY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$30.7M
+127.3%
Commercial (general)
$27.2M
+101.8%
Auto repair, garage
$19.9M
+47.1%
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
RESTAURANT
$30,670,000
Change: +127% · Conversion: Moderate
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
$20.03M
Range $18.03M – $22.03M · ±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
$184 / 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
$14,461,000
Assessed 2024
Previous assessed
$14,663,000
-1.4% YoY
Effective rate
0.00%
On assessed value
Assessed land
$3,207,000
Assessed improvement
$11,254,000
Land market value
$3,207,000
Improvement market value
$11,254,000
Total market value
$14,461,000
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
Cooling
YES
Stories
4
Total area
108,996 SF
Lot
10.68 ac (465,134 SF)
Zoning code
R-2 SINGLE FAMILY
APN
C-001-0757-061
UPID
US87-0287850
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
RESTAURANT
Est. value
$30.7M
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
RESTAURANT
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
Cooling
Yes
Stories
4
Lot
10.68 ac
Current owner
From public records · entity-resolved
Stony Point Partners LLC
Entity
Mailing address
150 FAYETTEVILLE ST STE #1400, RALEIGH, NC 27601-2956
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
Feb 10, 2026
$42,275,000
Stony Point Partners LLC
Highwoods Realty Limited Partnershi
Special Warranty Deed
$32,000,000 · Gsf Lender LLC
Jul 14, 2005
—
Hrlp LLC
Highwoods Realty
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?”
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.
