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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Grocery and convenience stores
9612 Patterson Ave Henrico, VA 23229-6015
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-3953127
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1969
Total area
1,669 SF
Lot
0.58 ac (25,308 SF)
Zoning code
B-2C
APN
745-742-4101
UPID
US87-3953127
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$770k
Owner & transaction history
Amelia Estate LLC · 3 yrs held
Amelia Estate LLC
since 2022
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
B-2C · Henrico, 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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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
Method
Estimation
Statistic approach
$660,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $850k (Oct 25 2022)
Last sale anchor
$850k
Oct 25 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$461 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,421
Tax year 2023
Assessed value
$532,700
Assessed 2024
Previous assessed
$532,700
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$271,100
Assessed improvement
$261,600
Land market value
$271,100
Improvement market value
$261,600
Total market value
$532,700
Applied tax rate
1.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1969
Heating
SPACE
Stories
1
Total area
1,669 SF
Lot
0.58 ac (25,308 SF)
Zoning code
B-2C
APN
745-742-4101
UPID
US87-3953127
Jurisdiction
HENRICO
Zoning & alternative use
B-2C · Henrico, VAZoning B-2C · permitted uses
B-2C · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Heating
SPACE
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Amelia Estate LLC
Entity
Mailing address
5004 HUNTER HL CT, GLEN ALLEN, VA 23059-2654
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
$850,000
Amelia Estate LLC
Bcr Ventures LLC
Warranty Deed
$720,000 · Atlantic Union Bank
Oct 23, 2017
$605,000
Bcr Ventures LLC A Virginia Limited
Sunoco LLC A Delaware Limited Liabi
Special Warranty Deed
$484,000 · Union Bank & Trust
Jun 23, 2010
$984,748
Southside Oil LLC
Land 0700 LLC
Grant Deed
$791,012 · Suntrust Bank NA
Jan 11, 2010
$1,476,100
Land 0700 LLC
Grove & Libbie Service Co LLC
Grant Deed
$1,051,216 · Stolte Scott D (te)
Apr 26, 2007
—
Grove & Libbie Svc Co LLC
—
Trustees Deed
related
$1,037,000 · Suntrust Bank NA
Feb 1, 2007
$1,200,000
Grove & Libbie Service Co INC
Price,jospeh A
Grant Deed
—
Apr 1, 1999
$80,000
Joseph Price
Wessell,virginia
Grant Deed
—
—
—
Joseph A Price SR.
—
Deed Of Trust
related
$700,000 · First Citizens Bank & Trust Co
—
—
Southside Oil LLC
—
Deed Of Trust
related
$791,012 · Suntrust 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.
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