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    Property profile & analytics

    1006 Lafayette St Richmond, VA 23221-1142

    • Strip malls
    • 2,115 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $895,000
    Last Sale
    Jan 21, 2025
    $1,100,000
    Location Intelligence
    Property ID
    US87-0580359
    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.

    Current Use by Public Records

    • Homme Essentials / Men'S Clothing Store

    Property Details for 1006 Lafayette St

    Year built
    1925
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.13 lot acres
    Property size
    2,115 SF
    Zone code
    B-1 NEIGHBORHOOD BUSINESS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    W-000-1788-023
    APU
    W0001788023

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4866
    Latitude
    37.5674
    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
    $232,000
    $168,000
    $400,000
    -
    $232,000
    $168,000
    $400,000

    Comparable in this City

    • Value Estimation by Request
      49,012 SF

      10 Nansemond St

      SHOPPING CENTER, STRIP CENTER • 49,012 SF
      10 Nansemond St, Richmond, VA 23221-2768
      View Details
    • Value Estimation by Request
      23,082 SF

      10 Thompson St

      SHOPPING CENTER, STRIP CENTER • 23,082 SF
      10 Thompson St, Richmond, VA 23221-2718
      View Details
    • Value Estimation by Request
      59,066 SF

      3120 Cary St

      SHOPPING CENTER, STRIP CENTER • 59,066 SF
      3120 Cary St, Richmond, VA 23221-3504
      View Details
    • Value Estimation by Request
      3,960 SF

      19 Belmont Ave

      SHOPPING CENTER, STRIP CENTER • 3,960 SF
      19 Belmont Ave, Richmond, VA 23221-3003
      View Details
    • Value Estimation
      $950,000
      6,702 SF

      606 Sheppard St

      SHOPPING CENTER, STRIP CENTER • 6,702 SF
      606 Sheppard St, Richmond, VA 23221-1712
      View Details
    • Value Estimation by Request
      193,590 SF

      3540 Cary St

      MINI-MALL • 193,590 SF
      3540 Cary St, Richmond, VA 23221-2729
      View Details

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    1006 Lafayette St
    Richmond, VA 23221-1142
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    Realmo Value Estimation

    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.

    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.

    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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