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Property profile & analytics
OFF-MARKET
Estimated value
$4,655,000
Grocery and convenience stores
1300 Laburnum Ave Richmond, VA 23223-2102
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-2294495
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2015
Total area
5,220 SF
Lot
2.92 ac (127,152 SF)
Zoning code
MIXE
APN
808-730-5112
UPID
US87-2294495
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
-
Wawa Grocery & Convenience Store
-
Amazon Locker - Jiu Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$4.66M
Owner & transaction history
Lar-ken Apartments LLC · 4 yrs held
Lar-ken Apartments LLC
since 2021
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
MIXE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,975,000
ML approach
$5,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.66M
Range $4.19M – $5.12M · ±10% · vs last sale $5.30M (Oct 7 2021)
Last sale anchor
$5.30M
Oct 7 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
$892 / 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
Assessed value
$2,433,900
Assessed 2024
Previous assessed
$2,433,900
+0.0% YoY
Assessed land
$762,900
Assessed improvement
$1,671,000
Land market value
$762,900
Improvement market value
$1,671,000
Total market value
$2,433,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
5,220 SF
Lot
2.92 ac (127,152 SF)
Zoning code
MIXE
APN
808-730-5112
UPID
US87-2294495
Jurisdiction
HENRICO
Zoning & alternative use
MIXE · Richmond, VA
Zoning MIXE · permitted uses
MIXE · 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.
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Lar-ken Apartments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
260 W BALTIMORE PIKE, MEDIA, PA 19063-5620
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
$5,300,000
Lar-ken Apartments LLC
Sh Rich LLC
Special Warranty Deed
—
Oct 21, 2015
$4,300,000
Sh Rich LLC
Rebkee Ptrs Laburnum Creighton
Grant Deed
—
Oct 6, 2004
$850,000
Creighton & Laburnum LLC
Covington,pearl W & Larry S
Grant 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.
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