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Property profile & analytics
OFF-MARKET
Estimated value
$14,630,000
Flex space
1407 Cummings Dr Richmond, VA 23220-1100
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US87-0058549
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
273,483 SF
Lot
9.25 ac (402,756 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1304-004
UPID
US87-0058549
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
-
Richmond Community ToolBank Charitable Organization Social Service Agency
-
EAST COAST WINE FULFILLMENT Specialty Food Shop Wine and Liquor Store
-
Richmond Metal INC Production Facility Metal Fabrication Plant
-
Michael & Son Services HVAC Service General Contractor
-
The Park RVA Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.30M
Blend (final)
Blend
$14.63M
Owner & transaction history
Filucci LLC · 14 yrs held
Filucci LLC
since 2012
6 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.63M
Range $13.17M – $16.09M · ±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
$53 / 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
$13,402,000
Assessed 2024
Previous assessed
$9,202,000
+45.6% YoY
Effective rate
0.00%
On assessed value
Assessed land
$3,646,000
Assessed improvement
$9,756,000
Land market value
$3,646,000
Improvement market value
$9,756,000
Total market value
$13,402,000
Applied tax rate
2.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
7
Bathrooms
4
Total area
273,483 SF
Lot
9.25 ac (402,756 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1304-004
UPID
US87-0058549
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Zoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT INDUSTRIAL · 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
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
7
Bathrooms
4
Lot
9.25 ac
Current owner
From public records · entity-resolved
Filucci LLC
Entity
Mailing address
5740 GENERAL WASHINGTON DR, ALEXANDRIA, VA 22312-2407
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
—
Filucci LLC
—
Deed
related
$500,000 · Burke & Herbert Bk&tr
Nov 6, 2017
—
Filucci LLC A Virginia Limited Liab
—
Deed
related
$3,000,000 · Xenith Bank
Aug 23, 2016
—
Filucci LLC
—
Deed
related
$1,000,000 · Xenith Bank
May 16, 2012
$1,900,000
Filucci LLC
Rebkee Partners Cummings Drive
Special Warranty Deed
$1,500,000 · Xenith Bank
Sep 14, 2011
$650,000
Rebkee Partners Cummings Drive
Wyeth LLC
Special Warranty Deed
—
—
—
Filucci LLC
—
Deed Of Trust
related
$500,000 · Burke & Herbert 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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