Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Industrial properties
1214 Athens Ave Richmond, VA 23227-1118
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0759684
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1974
Total area
3,672 SF
Lot
1.21 ac (52,795 SF)
Zoning code
B-3
APN
783-757-6862
UPID
US87-0759684
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
-
Art's Automotive Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$715k
Owner & transaction history
Sma Holdings LLC · 2 yrs held
Sma Holdings LLC
since 2024
Last sale
$715,000
2 recorded transactions
Zoning & alternative use
B-3 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$670,000
+15.4%
Medical building
$610,000
+5.5%
Neighborhood: shopping center
$605,000
+4.1%
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
$715,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$580,000
Current use
AUTO REPAIR, GARAGE
$670,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$610,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: -6% · Conversion: Easy
RETAIL STORES
$530,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $715k (Feb 2 2024)
Last sale anchor
$715k
Feb 2 2024
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
$195 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,677
Tax year 2023
Assessed value
$550,200
Assessed 2024
Previous assessed
$550,200
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$211,200
Assessed improvement
$339,000
Land market value
$211,200
Improvement market value
$339,000
Total market value
$550,200
Applied tax rate
4.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1974
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
3,672 SF
Lot
1.21 ac (52,795 SF)
Zoning code
B-3
APN
783-757-6862
UPID
US87-0759684
Jurisdiction
HENRICO
Zoning & alternative use
B-3 · Richmond, VA
Zoning B-3 · permitted uses
B-3 · 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
COMMERCIAL (GENERAL) Current
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$670,000
MEDICAL BUILDING
Est. value
$610,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
OFFICE BUILDING
Est. value
$545,000
RETAIL STORES
Est. value
$530,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Sma Holdings LLC
Entity
Ownership since
2024
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
Feb 2, 2024
$715,000
Sma Holdings LLC
A And L Invesments LLC
Warranty Deed
$663,300 · Primis Bank
Feb 17, 2009
$500,000
A And L Investments LLC
1214 Athens 1 LLC
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1214 Athens Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
