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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Investment properties
1128 Hull St Richmond, VA 23224-4060
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-3879908
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1921
Construction
TYPE NOT SPECIFIED
Total area
3,075 SF
Lot
0.09 ac (4,062 SF)
Zoning code
UB2-PE URBAN BUS.-PARKING
APN
S-000-0083-001
UPID
US87-3879908
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
$675k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$685k
Owner & transaction history
1128 Hull Street LLC · 4 yrs held
1128 Hull Street LLC
since 2022
Last sale
$770,000
7 recorded transactions
Zoning & alternative use
UB2-PE URBAN BUS.-PARKING · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$510,000
+55.1%
Neighborhood: shopping center
$505,000
+52.9%
Office building
$455,000
+37.7%
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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$510,000
Change: +55% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $770k (Apr 14 2022)
Last sale anchor
$770k
Apr 14 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
$223 / 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
$781,000
Assessed 2024
Previous assessed
$765,000
+2.1% YoY
Effective rate
0.00%
On assessed value
Assessed land
$179,000
Assessed improvement
$602,000
Land market value
$179,000
Improvement market value
$602,000
Total market value
$781,000
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
1921
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
3
Rooms
5
Bathrooms
1
Total area
3,075 SF
Lot
0.09 ac (4,062 SF)
Zoning code
UB2-PE URBAN BUS.-PARKING
APN
S-000-0083-001
UPID
US87-3879908
Jurisdiction
RICHMOND CITY
Zoning & alternative use
UB2-PE URBAN BUS.-PARKING · Richmond, VA
Zoning UB2-PE URBAN BUS.-PARKING · permitted uses
UB2-PE URBAN BUS.-PARKING · 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
MEDICAL BUILDING
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$505,000
OFFICE BUILDING
Est. value
$455,000
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1921
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
2
Rooms
5
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
1128 Hull Street LLC
Entity
Mailing address
3928 OLD WARWICK RD, RICHMOND, VA 23234-2057
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
Apr 14, 2022
$770,000
1128 Hull Street LLC
Kairos Mission LLC
Warranty Deed
$616,000 · Peoples Bank
Feb 3, 2020
$566,500
Kairso Mission LLC
Church Hill Ventures LLC
Grant Deed
—
Dec 5, 2016
—
Church Hill Ventures LLC
—
Deed
related
$1,500,000 · Virginia Cu
Oct 7, 2016
$525,000
Church Hill Ventures LLC
Louise Ware Houses LLC
Grant Deed
—
Sep 6, 2007
—
Louise Ware Houses LLC
Ware,louise F
Quit Claim Deed
related
—
Sep 16, 2005
$187,000
Ware,louise F
Mathews,kaye W
Grant Deed
—
Apr 5, 2005
$185,000
Mathews,kaye W
Old Homes INC
Grant Deed
—
Aug 5, 2004
$125,000
Old Homes INC
Capital Development LLC
Grant Deed
$73,000 · Dumsilia A Riggs
—
—
Church Hill Ventures LLC
—
Deed Of Trust
related
$1,500,000 · Virginia Cu
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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