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    9211 Forest Hill Ave Richmond, VA 23235
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    9211 Forest Hill Ave Richmond, VA 23235

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    • Office buildings
    • 51,365 SF
    • 7.21 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    Lakefront Office Space Available For Lease
    $19 SF/Yr
    1,541 SF

    Lakefront Office Space Available

    Office space for rent with lakefront views and ample parking.

    9211 Forest Hill Ave, Richmond, VA
    View Listing
    Property ID
    US87-0091585
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Richmond New Hub / Business Networking Company
    • Psychologists Referral Network / Family Counselor
    • Pinnacle Title Agency, LLC / Title Company
    • Sarah Mines / Counselor / Psychologist
    • Bon Air / Long & Foster Title Agency, LLC / Title Company

    Property Details for 9211 Forest Hill Ave

    Year built
    1985
    Construction
    TYPE NOT SPECIFIED
    Lot size
    7.21 lot acres
    Property size
    51,365 SF
    Zone code
    R-2 SINGLE FAMILY
    Property type
    Office buildings
    APN
    C-001-1105-026
    APU
    C0011105026

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,275,000
      6.5%
      $11,335,000
      7%
      $10,525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,868,000
      Market price range: $3.44M - $8.95M
      AI Estimate
      $8,187,000
      Market price range: $3.26M - $14.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,360,000
      Current use
      COMMERCIAL (GENERAL)
      $12,835,000
      Change: +102% Conversion: Easy
      AUTO REPAIR, GARAGE
      $9,355,000
      Change: +47% Conversion: Difficult
      MEDICAL BUILDING
      $8,555,000
      Change: +35% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $8,440,000
      Change: +33% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $8,255,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $7,400,000
      Change: +16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5668
    Latitude
    37.5395
    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
    2020
    $20
    $1,543,000
    $4,097,000
    $5,640,000
    -
    $1,543,000
    $4,097,000
    $5,640,000

    Comparable in this City

    • Value Estimation
      $5,750,000
      126,696 SF

      101 Gtwy Ctr Pkwy

      OFFICE BUILDING • 126,696 SF
      101 Gtwy Ctr Pkwy, North Chesterfield, VA 23235-5173
      View Details
    • Value Estimation
      $6,200,000
      25,000 SF

      100 Gtwy Ctr Pkwy

      OFFICE BUILDING • 25,000 SF
      100 Gtwy Ctr Pkwy, North Chesterfield, VA 23235-5174
      View Details
    • Value Estimation
      $935,000
      5,040 SF

      11449 Robious Rd

      OFFICE BUILDING • 5,040 SF
      11449 Robious Rd, North Chesterfield, VA 23235-4309
      View Details
    • Value Estimation
      $890,000
      4,800 SF

      11448 Robious Rd

      OFFICE BUILDING • 4,800 SF
      11448 Robious Rd, North Chesterfield, VA 23235-4310
      View Details
    • Value Estimation by Request
      1,204 SF

      2060 Buford Rd

      OFFICE BUILDING • 1,204 SF
      2060 Buford Rd, North Chesterfield, VA 23235-3409
      View Details
    • Value Estimation
      $930,000
      8,536 SF

      11512 Allecingie Pkwy

      OFFICE BUILDING • 8,536 SF
      11512 Allecingie Pkwy, North Chesterfield, VA 23235-4319
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,806 SF

      Richmond Office Building For Sale

      Office building for sale in Richmond, Virginia.
      2500 Pocoshock Pl, Richmond, VA 23235
      View Details
    • Contact for pricing
      5,040 SF

      Renovated Office/Medical Building with Yard

      Move-in ready office/medical building with expansion potential and outdoor space.
      11449 Robious Rd, North Chesterfield, VA 23235
      View Details
    • $145,000

      Functional Office Condo For Sale

      Professional office condo with reception, offices, and convenient location.
      221 Ruthers Rd, Richmond, VA 23235
      View Details
    • $109,999
      3.20 Acres

      Residential Land in Chesterfield, VA

      3.2 acres in Stonemill Creek subdivision, ready for building.
      1551 Twilight Ln, Chesterfield, VA 23235
      View Details
    • Contact for pricing

      Midlothian Turnpike Development Parcel

      Commercial development parcel with access to Providence Road.
      8212 Midlothian Tpke, Richmond, VA 23235
      View Details
    • $109,999
      3.20 Acres

      Residential Land in Stonemill Creek

      3.2 acres in a newly built subdivision.
      1551 Twilight Ln, Chesterfield, VA 23235
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,695 SF

      Class A Office Building Space

      Modern office building with highway access and ample parking.
      100 Gateway Centre Pkwy, Richmond, VA 23235
      View Details
    • $16 SF/Yr
      27,700 SF

      High-Visibility Building on Route 360

      Versatile two-story building suitable for various uses along Route 360.
      8141 Hull Street Rd North, Richmond, VA 23235
      View Details
    • Contact for pricing
      8,280 SF

      Class A Office Building

      Class A office building with direct access and full visibility.
      9020 Stony Point Pkwy, Richmond, VA 23235
      View Details
    • Contact for pricing
      3,792 SF

      Office Space with Modern Amenities

      Renovated office space with cafe, conference center, and outdoor seating.
      9030 Stony Point Pkwy, Richmond, VA 23235
      View Details
    • Contact for pricing
      3,482 SF

      Bon Air Professional Office Space

      Office space available for lease in Richmond, Virginia.
      2800 Buford Rd, Richmond, VA 23235
      View Details
    • Contact for pricing
      10,000 SF

      North Chesterfield Office Space Available

      Office space for lease in North Chesterfield, Virginia.
      134 Gateway Centre Pkwy, North Chesterfield, VA 23235
      View Details
    View Listing
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    9211 Forest Hill Ave
    Richmond, VA 23235
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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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