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Property profile & analytics
OFF-MARKET
Estimated value
$3,640,000
Investment properties
1323 Cary St Richmond, VA 23219
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1341292
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1872
Construction
TYPE NOT SPECIFIED
Total area
26,994 SF
Lot
0.28 ac (12,371 SF)
Zoning code
B-5 CENTRAL BUSINESS
APN
E-000-0068-001
UPID
US87-1341292
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$3.64M
Owner & transaction history
Snp E Cary LLC · 1 yrs held
Snp E Cary LLC
since 2025
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+54.5%
Medical building
$4.5M
+41.3%
Neighborhood: shopping center
$4.4M
+39.4%
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
$2,890,000
ML approach
$2,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,180,000
Current use
AUTO REPAIR, GARAGE
$4,915,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$4,495,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,435,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,340,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$3,990,000
Change: +25% · Conversion: Easy
RETAIL STORES
$3,890,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$3.64M
Range $3.28M – $4.00M · ±10% · vs last sale $4.50M (Feb 7 2025)
Last sale anchor
$4.50M
Feb 7 2025
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
$135 / 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
$3,866,000
Assessed 2024
Previous assessed
$3,866,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,298,000
Assessed improvement
$2,568,000
Land market value
$1,298,000
Improvement market value
$2,568,000
Total market value
$3,866,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1872
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Bathrooms
8
Total area
26,994 SF
Lot
0.28 ac (12,371 SF)
Zoning code
B-5 CENTRAL BUSINESS
APN
E-000-0068-001
UPID
US87-1341292
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Zoning B-5 CENTRAL BUSINESS · permitted uses
B-5 CENTRAL BUSINESS · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1872
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
8
Lot
0.28 ac
Current owner
From public records · entity-resolved
Snp E Cary LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2225 ASHLEY XING DR STE #201, CHARLESTON, SC 29414-5854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 10, 2025
—
Snp E Cary LLC
Snp E Cary LLC
Deed
related
—
Feb 7, 2025
$4,500,000
Snp E Cary LLC
Cary Street Associates LLC
Special Warranty Deed
$1,000,000 · Cary Street Associates LLC
Sep 4, 2007
$377,975
Ksmt Realty INC
Vistas On The James LLC
Grant Deed
$245,680 · World Svgs Bk
—
—
Cary Street Associates LLC
—
Deed Of Trust
related
$2,200,000 · Branch Bk&tr
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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