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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Apartment buildings
1300 Mcdonough St Richmond, VA 23224-2144
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-0124134
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2016
Construction
WOOD
Total area
10,640 SF
Lot
0.29 ac (12,589 SF)
Zoning code
R-8 URBAN RESIDENTIAL
APN
S-000-0122-007
UPID
US87-0124134
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
-
McDonough Market Grocery & Convenience Store
-
Bitcoin Depot - Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$915k
Owner & transaction history
Dv Manchester Pk LLC · 8 yrs held
Dv Manchester Pk LLC
since 2018
4 recorded transactions
Zoning & alternative use
R-8 URBAN RESIDENTIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+27.8%
Industrial (general)
$1.1M
+22.6%
Auto repair, garage
$1.1M
+17.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$895,000
Current use
COMMERCIAL (GENERAL)
$1,145,000
Change: +28% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,095,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,050,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10%
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
$86 / 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
$2,193,000
Assessed 2024
Previous assessed
$1,859,000
+18.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$210,000
Assessed improvement
$1,983,000
Land market value
$210,000
Improvement market value
$1,983,000
Total market value
$2,193,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
NONE
Stories
2
Units
12
Total area
10,640 SF
Lot
0.29 ac (12,589 SF)
Zoning code
R-8 URBAN RESIDENTIAL
APN
S-000-0122-007
UPID
US87-0124134
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-8 URBAN RESIDENTIAL · Richmond, VA
Zoning R-8 URBAN RESIDENTIAL · permitted uses
R-8 URBAN RESIDENTIAL · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2016
Construction
WOOD
Heating
NONE
Stories
2
Units
12
Lot
0.29 ac
Current owner
From public records · entity-resolved
Dv Manchester Pk LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3800 PATTERSON AVE, RICHMOND, VA 23221-2006
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2018
$5,500,000
Dv Manchester Pk LLC
Manchester Ptrs 4 LLC
Grant Deed
related
—
Jun 3, 2016
—
Manchester Partersn 4 LLC
Manchester Partners 4 LLC
Quit Claim Deed
related
$2,900,000 · Xenith Bk
Apr 15, 2016
—
Manchester Partners 4 LLC
Manchester Partners LLC
Quit Claim Deed
related
—
Jul 29, 2005
$435,884
Manchester Partners LLC
Virginia Museum Real Estate
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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