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Financial
Distress signals
Property profile

8917 Fargo Rd Henrico, VA 23229

OFF-MARKET
Medical Office Space
Property ID
US87-1047233
11,654 SF 1.07 ac lot Built 1989
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An approximately 11,654-square-foot medical/office building is situated on a 1.07-acre lot. The property is located within an Opportunity Zone and is configured for medical and office use, with space that can support an owner-occupant and/or separate occupancy, including an indicated range of approximately 3,000 to 6,000 square feet. Parking is provided at approximately 5 spaces per 1,000 square feet, and the site is positioned near a signalized intersection on Parham Road with proximity to Regency Mall and other amenities along Parham Road.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value · 2024$1.34M
Assessed land$221k
Assessed improvement$1.12M
Effective rate0.85%

Value estimate

· Oct 2026
$620k
$558k – $682k
AI approach$375k
Submarket $/SF estimate$378k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$167/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$89 – $257

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
O-1
Sec. 24-3404. O-1 Office District. A. Purpose. The purpose of the O -1 Office District is to provide lands primarily for offices and offi...
General categoryCOMMERCIAL
JurisdictionHENRICO

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.2
Auto Parts Store9.8
Electrical Service9.7

Location

8917 Fargo Rd Henrico, VA 23229-4500
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8921 3rd Chopt, Henrico, VA 23229-4601 $2,100,000 Jun 2025 28,626 SF
1501 Santa Rosa, Henrico, VA 23229-5106 $3,272,047 Oct 2024 10,446 SF
1651 Parham, Henrico, VA 23229-4605 $1,500,000 May 2023 7,184 SF
8007 Discovery, Henrico, VA 23229-8605 $15,000,000 Apr 2022 36,956 SF
8905 Fargo, Henrico, VA 23229-4554 $496,000 Oct 2021 2,577 SF
8700 Quioccasin, Henrico, VA 23229-5528 $4,200,000 Sep 2019 59,224 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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