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    8801 Staples Ml Rd Henrico, VA 23228-2014

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    8801 Staples Ml Rd Henrico, VA 23228-2014

    View on Map
    • Drive through restaurants
    • 3,564 SF
    • 0.83 lot acres
    Off-Market
    Last Sale Dec 8, 2023
    $1,050,000
    Property ID
    US87-3917434
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 8801 Staples Ml Rd

    Year built
    1993
    Lot size
    0.83 lot acres
    Property size
    3,564 SF
    Zone code
    B-2C
    Property type
    Drive through restaurants
    APN
    770-755-1657
    APU
    7707551657

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $910,000
      ML approach
      $915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,083,000
      Market price range: $449k - $1.67M
      AI Estimate
      $624,000
      Market price range: $352k - $908k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.508
    Latitude
    37.6331
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,320
    $509,400
    $734,000
    $1,243,400
    -
    $509,400
    $734,000
    $1,243,400

    Comparable in this City

    • Value Estimation by Request
      2,580 SF

      8991 Staples Ml Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,580 SF
      8991 Staples Ml Rd, Henrico, VA 23228-2020
      View Details
    • Value Estimation by Request
      1,430 SF

      5526 Lakeside Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,430 SF
      5526 Lakeside Ave, Henrico, VA 23228-5750
      View Details
    • Value Estimation
      $715,000
      2,484 SF

      9514 Woodman Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,484 SF
      9514 Woodman Rd, Henrico, VA 23228-1324
      View Details
    • Value Estimation
      $935,000
      3,778 SF

      7527 Staples Ml Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,778 SF
      7527 Staples Ml Rd, Henrico, VA 23228-4106
      View Details
    • Value Estimation by Request
      1,188 SF

      9101 Staples Ml Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,188 SF
      9101 Staples Ml Rd, Henrico, VA 23228-2024
      View Details
    • Value Estimation by Request
      2,158 SF

      8955 Staples Ml Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,158 SF
      8955 Staples Ml Rd, Henrico, VA 23228-2020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,051 SF

      Office Space Near Major Intersection

      Functional office space with high visibility and ample parking.
      3201 Hungary Spring Rd, Richmond, VA 23228
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    • $150,000
      Pending

      Henrico County Development Opportunity

      Two residential lots for sale in prime Henrico location.
      Bethlehem Rd, Henrico, VA 23228
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      1,277 SF

      Office Space on Staples Mill

      Office space with full kitchen and various amenities for sale.
      5603 Staples Mill Rd, Richmond, VA 23228
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      1,638 SF

      Office Condo at Glenside Commons

      End-unit office condo with five offices, available April 2025.
      5412 Glenside Dr, Richmond, VA 23228
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      1 SF

      Commercial Land at Signalized Intersection

      1.34 acres of B2-C zoned land with high traffic volume.
      9000-9006 Old Staples Mill Rd, Richmond, VA 23228
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space on Staples Mill

      Retail space available in shopping center with high traffic.
      7101 Staples Mill Rd, Richmond, VA 23228
      View Details
    • Contact for pricing

      Retail Center Near I-95

      Retail spaces available near I-95 and community college.
      1200-1300 Concord Ave, Richmond, VA 23228
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center Space

      Retail space available in Henrico's Staples Mill Marketplace.
      9114 Staples Mill Rd, Henrico, VA 23228
      View Details
    • Contact for pricing

      Retail Space Anchored by Target

      Retail space for rent, anchored by Target and Food Lion.
      8943 Staples Mill Rd, Henrico, VA 23228
      View Details
    • Contact for pricing
      1,990 SF

      Retail Space in Verizon Center

      Retail spaces for lease in Henrico County, Virginia.
      7300-7336 Staples Mill Rd, Richmond, VA 23228
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex spaces available for rent.
      1504 E Parham Rd, Richmond, VA 23228
      View Details
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    Henrico, VA 23228-2014
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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