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Property profile & analytics
OFF-MARKET
Estimated value
$4,580,000
Office Spaces
1301 Hamilton St Richmond, VA 23230-3959
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-2271453
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
26,448 SF
Lot
2.38 ac (103,760 SF)
Zoning code
R-73 MULTI FAMILY
APN
W-000-1663-010
UPID
US87-2271453
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
-
Berkeley, Curry & Cook Law Firm
-
Berkeley & De Gaetani: Curry James W Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.27M
CAP Approach
CAP
$5.08M
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$4.58M
Owner & transaction history
Esh Monument LLC · 4 yrs held
Esh Monument LLC
since 2022
Last sale
$5.1M
2 recorded transactions
Zoning & alternative use
R-73 MULTI FAMILY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+176.8%
Auto repair, garage
$4.8M
+79.2%
Medical building
$4.4M
+63.8%
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
$4,465,000
ML approach
$4,270,000
CAP Approach
CAP Return
Estimation
6%
$5,505,000
6.5%
$5,080,000
7%
$4,720,000
Alternative Use
Use
Estimation
RESTAURANT
$7,440,000
Change: +177% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,815,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$4,405,000
Change: +64% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,345,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,250,000
Change: +58% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,935,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$3,810,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$4.58M
Range $4.12M – $5.04M · ±10% · vs last sale $5.10M (Feb 22 2022)
Last sale anchor
$5.10M
Feb 22 2022
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
$173 / 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
$63,144
Tax year 2020
Assessed value
$5,262,000
Assessed 2024
Previous assessed
$4,728,000
+11.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,666,000
Assessed improvement
$2,596,000
Land market value
$2,666,000
Improvement market value
$2,596,000
Total market value
$5,262,000
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
26,448 SF
Lot
2.38 ac (103,760 SF)
Zoning code
R-73 MULTI FAMILY
APN
W-000-1663-010
UPID
US87-2271453
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-73 MULTI FAMILY · Richmond, VA
Zoning R-73 MULTI FAMILY · permitted uses
R-73 MULTI FAMILY · 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
RESTAURANT
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$3.8M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1981
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
2.38 ac
Current owner
From public records · entity-resolved
Esh Monument LLC
Entity
Free & Clear · 4 yrs held
Mailing address
495 S HIGH ST STE #150, COLUMBUS, OH 43215-5695
Ownership since
2022
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 22, 2022
—
Esh Monument LLC
Esh Monument LLC
Intrafamily Transfer
related
—
Dec 22, 2021
$5,100,000
Esh Monument LLC
The International Mission Board Of
Special 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.
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