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Financial
Distress signals
Property profile

124 Bank St Petersburg, VA 23803

OFF-MARKET
Retail space
Property ID
US87-1536374
2,930 SF 0.07 ac lot Built 1820
Last sale Jun 2026 · $377,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A circa-1820 brick mixed-use building in the downtown Old Towne Petersburg district, zoned B-3 (Central Business District), with approximately 2,900 square feet of space. The building is configured as a duplex with two units that have separate entrances, utilities, and mailboxes, supporting residential and/or live-work use as well as commercial use. The first-floor layout features high ceilings and exposed brick and is suited for uses such as retail storefront, office, studio, or residential…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$3k
Tax billed · 2019
Assessed value · 2024$243k
Assessed land$15k
Assessed improvement$228k
Effective rate1.35%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$230k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-3
The B-3 district encompasses the shopping and office core of the central business district
General categoryCOMMERCIAL
JurisdictionPETERSBURG CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.1
Dental Office8.8
Home Appliance Store8.2

Location

124 Bank St Petersburg, VA 23803-3216
County assessor Recorded deeds · 1 transfer 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 15 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
136 Sycamore, Petersburg, VA 23803 $2,600,000 May 2025 No data
123 Un, Petersburg, VA 23803 $2,600,000 May 2025 26,451 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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