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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Investment properties
1129 Hull St Richmond, VA 23224-4059
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-3879910
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
4,775 SF
Lot
0.18 ac (7,699 SF)
Zoning code
UB2-PE URBAN BUS.-PARKING
APN
S-000-0061-021
UPID
US87-3879910
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
-
Copper Hall RVA Hotel & Motel Resort
-
The Bankuet Place Hotel & Motel Resort
-
Mechanics And Merchants Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$925k
Owner & transaction history
1129 Hull St LLC · 3 yrs held
1129 Hull St LLC
since 2023
Last sale
$890,000
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
$795,000
+55.1%
Neighborhood: shopping center
$785,000
+52.9%
Office building
$705,000
+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
$665,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$795,000
Change: +55% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $890k (Nov 23 2021)
Last sale anchor
$890k
Nov 23 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
$194 / 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
$1,293,000
Assessed 2024
Previous assessed
$848,000
+52.5% YoY
Effective rate
0.00%
On assessed value
Assessed land
$339,000
Assessed improvement
$954,000
Land market value
$339,000
Improvement market value
$954,000
Total market value
$1,293,000
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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Total area
4,775 SF
Lot
0.18 ac (7,699 SF)
Zoning code
UB2-PE URBAN BUS.-PARKING
APN
S-000-0061-021
UPID
US87-3879910
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
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
OFFICE BUILDING
Est. value
$705,000
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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
1129 Hull St LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2333 PINEWAY DR, RICHMOND, VA 23225-2531
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
$825,000
1129 Hull St LLC
Church Hill Ventures LLC
Correction Deed
related
—
Jul 12, 2022
—
Bloom Homes LLC
—
Deed
related
$405,000 · Business Finance Group INC
Nov 23, 2021
$890,000
Bloom Homes LLC
1129 Hull St LLC
Warranty Deed
$489,500 · Village Bank
Dec 11, 2015
$800,000
Church Hill Ventures LLC
Laura Bryant LLC
Grant Deed
—
Feb 4, 2005
—
Laura Bryant LLC
Bryant,laura
Quit Claim Deed
related
—
Jul 26, 2004
$140,000
Bryant,laura
Keck,charles J & Eileen M
Grant Deed
—
—
—
Laura Bryant LLC
—
Deed Of Trust
related
$449,687 · Savannah Bk
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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