Entity Owned Property summary
AI-generated overview
This exceptional executive office suite, totaling 2,091 square feet, is ideally located at 9012 Three Chopt Rd in Richmond, Virginia, within Henrico County (zip code 23229). The entire space is currently vacant and available for lease, presenting a unique opportunity for a business seeking a substantial and readily available office presence. The property is classified as an executive office suite, perfect for a company requiring a prestigious and well-appointed workspace. The building offers multiple tenancy options, allowing for flexibility in lease terms and configurations. Ample complimentary parking is provided on-site, ensuring convenient access for employees and clients. This location offers easy access to major roadways and is situated in a desirable area of Richmond. The property's size makes it suitable for a variety of businesses, from small to medium-sized enterprises. The 2,091 square feet provides ample room for offices, meeting areas, and support spaces. This is a turnkey opportunity to establish a strong business presence in a prime Richmond location. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
4,182 SF
Lot
0.48 ac (20,822 SF)
Zoning code
O-2C
APN
754-747-5520
UPID
US87-3965725
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Real Estate Agency
-
Production Facility
-
Insurance Agency
-
Property Management Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$775k
Owner & transaction history
since 2024
Last sale
$789,000
3 recorded transactions
Zoning & alternative use
O-2C · Henrico, VA
Top alternative use upside
Auto repair, garage
$760,000
+27.7%
Medical building
$695,000
+16.8%
Neighborhood: shopping center
$685,000
+15.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$775k
Value range
$698k – $853k
±10% around blend
Estimated value / SF
$185 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$698k
blend $775k
$853k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,182 SF
Lot area
0.48 ac
Year built
2006
Stories
2
APN
754-747-5520
Zoning
O-2C
Assessed value
$738,900
Annual tax
$6,281
3
Income approach: direct capitalization
Partial preview
Income approach indication
$925k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.00M
@ 6.5% CAP return
$925k
@ 7% CAP return
$855k
4
Sales comparison
Partial preview
Sales approach indication
$899k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.3 mi away · 3,049 SF
8.0 mi away · 4,958 SF
8.1 mi away · 3,164 SF
8.2 mi away · 2,959 SF
9.2 mi away · 4,032 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$775k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$143
+30%
Submarket 277 sales
$148
+25%
County 201 sales
$156
+19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $185/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+28%
vs current-use indication
Medical Building
Neighborhood: Shopping Center
Commercial (general)
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$789k
Move the market yield to see immediate price impact.
Value / SF
$189
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$50k
$994k
$710k
$552k
$55k
$1.10M
$789k
$614k
$61k
$1.22M
$868k
$675k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.45M
4.7 mi · Feb 2026 · $291/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,281
Tax year 2023
Assessed value
$738,900
Assessed 2024
Previous assessed
$738,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$104,100
Assessed improvement
$634,800
Land market value
$104,100
Improvement market value
$634,800
Total market value
$738,900
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Stories
2
Total area
4,182 SF
Lot
0.48 ac (20,822 SF)
Zoning code
O-2C
APN
754-747-5520
UPID
US87-3965725
Jurisdiction
HENRICO
Zoning & alternative use
O-2C · Henrico, VAZoning O-2C · permitted uses
O-2C · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
HEAT PUMP
Stories
2
Lot
0.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
O-2C
Jurisdiction
Henrico, VA
Recorded code
O-2C
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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