Entity Owned Property summary
This exceptional 27,300 square foot property, located at 125 N Market St and 128 W Tabb St in Petersburg, VA, presents a unique redevelopment opportunity. The vacant, 40-unit apartment building, built in 1846, sits on a 0.435-acre lot and boasts B-3 zoning. The property includes two parcels (APN: 011-240001 & 011-240002) and benefits from an Opportunity Zone designation. Previous architectural plans envision 32 loft-style apartments with ample off-street parking. The existing structure, a… former woodworking and furniture facility, offers a flexible, open floor plan and designated office space, suitable for various uses, from light industrial to residential conversion. The property's prime location in Petersburg's historic district, coupled with its size and zoning, makes it an attractive investment. Recent nearby developments, including Market Street Lofts (106 units), Star Lofts (65 units, sold for $7.3M), High Street Lofts (69 units, sold for $9.4M), and the Hotel Petersburg ($13.5M development underway), demonstrate the area's strong potential for growth and high demand for residential and commercial spaces. The property has received DHR Part II approval, further streamlining the redevelopment process. This is a chance to revitalize a piece of Petersburg's history while capitalizing on a thriving real estate market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2019
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 12 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 23,393 SF
- Lot area
- 0.34 ac
- Year built
- 1994
- Stories
- 4
- APN
- 11240001
- Zoning
- B-3
- Assessed value · 2024
- $396,000
- Annual tax · 2019
- $3,401
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The B-3 district encompasses the shopping and office core of the central business district
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
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