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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Industrial land
9950 Independence Park Dr Henrico, VA 23233-1446
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2760819
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
3.45 ac (150,282 SF)
Zoning code
M-1C
APN
752-757-0713
UPID
US87-2760819
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
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Jp Gaskins Lc · 5 yrs held
Jp Gaskins Lc
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
M-1C · 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
$1,475,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.40M (May 20 2021)
Last sale anchor
$1.40M
May 20 2021
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
—
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
$11,588
Tax year 2024
Assessed value
$1,363,300
Assessed 2024
Previous assessed
$1,363,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,363,300
Land market value
$1,363,300
Total market value
$1,363,300
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
3.45 ac (150,282 SF)
Zoning code
M-1C
APN
752-757-0713
UPID
US87-2760819
Jurisdiction
HENRICO
Zoning & alternative use
M-1C · Henrico, VA
Zoning M-1C · permitted uses
M-1C · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
3.45 ac
Current owner
From public records · entity-resolved
Jp Gaskins Lc
Individual
Mailing address
12405 WILLSCOTT PL, GLEN ALLEN, VA 23059-7620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$1,400,000
Jp Gaskins Lc
Gaskins Hotel Partners LLC
Special Warranty Deed
$600,000 · Sevier County Bank
May 20, 2021
—
Jp Gaskins LLC
—
Deed
related
$55,000 · Gaskins Hotel Partners LLC
Dec 4, 2019
—
Gaskins Hotel Partners LLC
—
Deed
related
$595,000 · Fulton Bank NA
Sep 24, 2019
$850,000
Gaskins Hotel Ptrs LLC
Commonwealth Foun For Cancer R
Grant Deed
—
Oct 30, 2013
—
Commonwealth Foun Of Cancer Resea
Riverstone Properties LLC
Grant Deed
related
—
Dec 28, 2012
—
Riverstone Properties LLC Co
Armstrong Beverley W Trust
Quit Claim Deed
related
—
May 11, 2010
—
Armstrong Beverley W
Armstrong,beverley W
Quit Claim Deed
related
—
Sep 25, 2009
$1,440,000
Riverstone Properties LLC
Commonwealth Foun Of Cancer Resea
Grant Deed
—
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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