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    Property profile & analytics

    8905 Fargo Rd Henrico, VA 23229-4554

    • Medical offices
    • 2,577 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $550,000
    Last Sale
    Oct 01, 2021
    $496,000
    Location Intelligence
    Property ID
    US87-3745484
    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.

    Current Use by Public Records

    • Richmond Urgent Care / Urgent Care Center / Emergency Care Service
    • Geoff McDonald & Associates PC / Trial Attorney / Personal Injury Attorney

    Property Details for 8905 Fargo Rd

    Year built
    1972
    Lot size
    0.92 lot acres
    Property size
    2,577 SF
    Zone code
    O-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    753-745-6991
    APU
    7537456991

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $620,000
      7%
      $585,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $585,000
      Retail
      $680,000
      Mixed-Use
      $570,000
      Hospitality
      $655,000
      Educational
      $550,000
      Residential Income
      $490,000
      Energy
      $490,000
      Income-Based Land
      $575,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5652
    Latitude
    37.607
    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
    $0.00
    $182,600
    $316,200
    $498,800
    -
    $182,600
    $316,200
    $498,800

    Comparable in this City

    • Value Estimation by Request
      44,030 SF

      7601 Frst Ave

      MEDICAL BUILDING • 44,030 SF
      7601 Frst Ave, Henrico, VA 23229-4933
      View Details
    • Value Estimation by Request
      5,006 SF

      2205 Parham Rd

      MEDICAL BUILDING • 5,006 SF
      2205 Parham Rd, Henrico, VA 23229-3161
      View Details
    • Value Estimation
      $2,030,000
      28,626 SF

      8921 3rd Chopt Rd

      MEDICAL BUILDING • 28,626 SF
      8921 3rd Chopt Rd, Henrico, VA 23229-4601
      View Details
    • Value Estimation by Request
      28,752 SF

      9604 Patterson Ave

      MEDICAL BUILDING • 28,752 SF
      9604 Patterson Ave, Henrico, VA 23229
      View Details
    • Value Estimation by Request
      59,224 SF

      8700 Quioccasin Rd

      MEDICAL BUILDING • 59,224 SF
      8700 Quioccasin Rd, Henrico, VA 23229-5528
      View Details
    • Value Estimation by Request
      11,654 SF

      8917 Fargo Rd

      MEDICAL BUILDING • 11,654 SF
      8917 Fargo Rd, Henrico, VA 23229-4500
      View Details

    Similar Nearby for Sale

    • $2,300,000
      11,654 SF

      Medical/Office Building For Sale

      11,654 SF medical/office building on 1.07 AC for sale.
      8917 Fargo Rd, Richmond, VA 23229
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Henrico, VA

      Residential lot available in Henrico, Virginia.
      Midway Rd, Richmond, VA 23229
      View Details
    • $650,000

      51.28 Acres Commercial Land Available

      Commercial land with easy access to I-295.
      100 E Parham Rd, Richmond, VA 23229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,622 SF

      Medical Office Space for Rent

      Medical office space available on Henrico Doctors Hospital campus.
      7611 Forest Ave, Richmond, VA 23229
      View Details
    • Contact for pricing
      6,774 SF

      Medical Office Space Available

      Medical office building in desirable Richmond location, suites available.
      6900 Forest Ave, Richmond, VA 23229
      View Details
    • $24 SF/Yr
      1,639 SF

      Office Space in Forest Office Park

      Office space available for lease in Richmond, VA.
      8003 Franklin Farms Dr, Richmond, VA 23229
      View Details
    • $18 SF/Yr
      1,260 SF

      Professional Office Space Available

      Office spaces for lease with diverse floorplans and ample parking.
      2800 N Parham Rd, Richmond, VA 23229
      View Details
    • Contact for pricing
      4,121 SF

      Well-Maintained Office Space For Rent

      Conveniently located office space with ample parking and nearby amenities.
      8814 Fargo Rd, Richmond, VA 23229
      View Details
    • $15 SF/Yr
      979 SF

      Office Space in Retail Center

      Second floor office space with elevator access near I-95.
      809-827 E Parham Rd, Richmond, VA 23229
      View Details
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    8905 Fargo Rd
    Henrico, VA 23229-4554
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    Realmo Value Estimation

    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.

    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.

    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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