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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Shopping centers
9550 Midlothian Tpke, North Chesterfield, VA 23235-4900
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US87-0056612
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1987
Total area
39,250 SF
Lot
4.51 ac (196,586 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
751-70-78-78-000-000
UPID
US87-0056612
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lucys Divine Creations, LLC (Bike/Boat/Book/etc) Store
-
Midlothian Festival Shopping Center Business Service Center Corporate Office
-
Fodrey catering concepts llc Take-out & Catering Catering Service
-
Healing Waters Church Church
-
Di Gennaro Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Mid Festival LLC · 11 yrs held
Mid Festival LLC
since 2015
5 recorded transactions
Zoning & alternative use
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Chesterfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$30 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$27,359
Tax year 2024
Assessed value
$2,906,500
Assessed 2024
Previous assessed
$1,980,400
+46.8% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,513,700
Assessed improvement
$1,392,800
Land market value
$1,513,700
Improvement market value
$1,392,800
Total market value
$2,906,500
Applied tax rate
5.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Total area
39,250 SF
Lot
4.51 ac (196,586 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
751-70-78-78-000-000
UPID
US87-0056612
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Zoning C3 - COMMUNITY BUS DIST · permitted uses
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Chesterfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Lot
4.51 ac
Current owner
From public records · entity-resolved
Mid Festival LLC
Entity
Mailing address
PO BOX 14588, RICHMOND, VA 23221-0588
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
—
Mid Festival LLC
—
Deed
related
$2,500,000 · First Community Bank
Feb 2, 2015
$1,800,000
Mid Festival LLC
Henry Briggs & Assocs INC
Grant Deed
$1,800,000 · Premier Bk
Jun 13, 2007
$3,400,000
Nmh Enterprises LLC
Charleston,an L C
Grant Deed
—
—
—
Rep Plaza LLC
—
Deed Of Trust
related
$1,789,200 · Union Bk&tr
—
—
Nmh Enterprises LLC
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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