Financial
Distress signals
Property profile

508 Cary St Richmond, VA 23219

OFF-MARKET
Office buildings
Property ID
US87-1064286
5,160 SF 0.25 ac lot Built 1844
Last sale May 2025 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Situated on the corner of 5th and E Cary Street in Richmond’s Monroe Ward, adjacent to the Central Business District, the property includes a historic brick building constructed in 1844 with a stucco overlay. The main structure provides approximately 6,348 square feet across three floors and features high ceilings, winding staircases, large rooms, and expansive windows, with many original architectural elements preserved. The building layout is suitable for professional office use, including

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$1.36M
Assessed land$527k
Assessed improvement$837k
Effective rate0.00%

Value estimate

· Sep 2026
$755k
$680k – $831k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$148/SF
Submarket average, outlier-cleaned · 277 recorded sales of this use type
Observed band · Q1–Q3$96 – $232
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-4 CENTRAL BUSINESS
JurisdictionRICHMOND CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.8
Tailor Shop8.8
Auto Parts Store8.5

Location

508 Cary St Richmond, VA 23219-3818
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23 Main, Richmond, VA 23219 $1,050,000 Jun 2025 4,958 SF
10 3rd, Richmond, VA 23219-3702 $1,100,000 Dec 2024 4,668 SF
5 Franklin, Richmond, VA 23219-2105 $1,025,000 Aug 2024 6,010 SF
16 17th, Richmond, VA 23219-4212 $1,025,000 Apr 2022 5,912 SF
16 2nd, Richmond, VA 23219-3723 $560,000 Sep 2021 4,722 SF
9 5th, Richmond, VA 23219-3823 $600,000 Feb 2019 5,128 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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