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Property profile & analytics
OFF-MARKET
Estimated value
$5,015,000
Investment properties
104 Shockoe Slip Slip Richmond, VA 23219-4131
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-0655578
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
TYPE NOT SPECIFIED
Total area
24,180 SF
Lot
0.26 ac (11,413 SF)
Zoning code
B-5 CENTRAL BUSINESS
APN
E-000-0065-008
UPID
US87-0655578
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.48M
CAP Approach
CAP
$4.65M
Comparable Approach
Comparable
$3.74M
Blend (final)
Blend
$5.02M
Owner & transaction history
Trp Bowers Building LLC · 2 yrs held
Trp Bowers Building LLC
since 2023
Last sale
$6.2M
2 recorded transactions
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+138.8%
Auto repair, garage
$4.4M
+54.5%
Medical building
$4.0M
+41.3%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$4,865,000
ML approach
$4,480,000
CAP Approach
CAP Return
Estimation
6%
$5,030,000
6.5%
$4,645,000
7%
$4,315,000
Alternative Use
Use
Estimation
RESTAURANT
$6,805,000
Change: +139% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,405,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$4,030,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,975,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,885,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$3,575,000
Change: +25% · Conversion: Easy
RETAIL STORES
$3,485,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$5.02M
Range $4.51M – $5.52M · ±10% · vs last sale $6.18M (Nov 14 2023)
Last sale anchor
$6.18M
Nov 14 2023
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
$207 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$4,178,000
Assessed 2024
Previous assessed
$4,178,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$551,000
Assessed improvement
$3,627,000
Land market value
$551,000
Improvement market value
$3,627,000
Total market value
$4,178,000
Applied tax rate
6.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Buildings
2
Stories
5
Rooms
64
Bathrooms
11
Total area
24,180 SF
Lot
0.26 ac (11,413 SF)
Zoning code
B-5 CENTRAL BUSINESS
APN
E-000-0065-008
UPID
US87-0655578
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Zoning B-5 CENTRAL BUSINESS · permitted uses
B-5 CENTRAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.5M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1880
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
5
Buildings
2
Rooms
64
Bathrooms
11
Lot
0.26 ac
Current owner
From public records · entity-resolved
Trp Bowers Building LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11100 W BROAD ST, GLEN ALLEN, VA 23060-5813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$6,175,000
Trp Bowers Building LLC
1206 Shockoe Lane LLC
Special Warranty Deed
—
—
—
1206 Shockoe Ln LLC
—
Deed Of Trust
related
$1,686,000 · Branch Bk&tr
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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