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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Industrial properties
8800 Park Central Dr Richmond, VA 23227-1147
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-1082846
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1994
Total area
20,100 SF
Lot
3.17 ac (138,085 SF)
Zoning code
O-S
APN
789-760-0150
UPID
US87-1082846
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.44M
Owner & transaction history
Phi LLC · 3 yrs held
Phi LLC
since 2022
Last sale
$2.8M
2 recorded transactions
Zoning & alternative use
O-S · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+15.4%
Medical building
$3.4M
+5.5%
Neighborhood: shopping center
$3.3M
+4.1%
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
$2,410,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,175,000
Current use
AUTO REPAIR, GARAGE
$3,660,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$3,350,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,300,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$2,975,000
Change: -6% · Conversion: Easy
RETAIL STORES
$2,895,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.75M (Nov 7 2022)
Last sale anchor
$2.75M
Nov 7 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
$121 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,626
Tax year 2023
Assessed value
$1,956,000
Assessed 2024
Previous assessed
$1,956,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$253,600
Assessed improvement
$1,702,400
Land market value
$253,600
Improvement market value
$1,702,400
Total market value
$1,956,000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1994
Heating
HEAT PUMP
Stories
1
Total area
20,100 SF
Lot
3.17 ac (138,085 SF)
Zoning code
O-S
APN
789-760-0150
UPID
US87-1082846
Jurisdiction
HENRICO
Zoning & alternative use
O-S · Richmond, VA
Zoning O-S · permitted uses
O-S · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1994
Heating
HEAT PUMP
Stories
1
Lot
3.17 ac
Current owner
From public records · entity-resolved
Phi LLC
Entity
Free & Clear · 3 yrs held
Mailing address
22 SHADWELL CT, FREDERICKSBURG, VA 22406-8418
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$2,750,000
Phi LLC
Mary Ann Gallahan
Special Warranty Deed
—
Jul 6, 2010
—
Gallahan Mary A Tr
Gallahan,william E JR
Quit Claim 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.
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