Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$40,405,000
Apartment buildings
1415 Chamberlayne Ave Richmond, VA 23222
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0736109
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2012
Construction
TYPE NOT SPECIFIED
Total area
363,462 SF
Lot
11.01 ac (479,421 SF)
Zoning code
MULTIPLE ZONING
APN
N-000-0317-001
UPID
US87-0736109
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.41M
Owner & transaction history
Student Housing Spe Vcu LLC · 11 yrs held
Student Housing Spe Vcu LLC
since 2014
7 recorded transactions
Zoning & alternative use
MULTIPLE ZONING · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$66.2M
+13.3%
Medical building
$60.5M
+3.6%
Neighborhood: shopping center
$59.7M
+2.2%
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)
$58,430,000
Current use
AUTO REPAIR, GARAGE
$66,200,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$60,545,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$59,715,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$57,390,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$53,750,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$52,365,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$40.41M
Range $36.36M – $44.45M · ±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
$111 / 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
$45,024,000
Assessed 2024
Previous assessed
$43,698,000
+3.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$5,400,000
Assessed improvement
$39,624,000
Land market value
$5,400,000
Improvement market value
$39,624,000
Total market value
$45,024,000
Applied tax rate
3.0000
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 (100+ UNITS)
Status
Off-Market
Year built
2012
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
4
Units
270
Total area
363,462 SF
Lot
11.01 ac (479,421 SF)
Zoning code
MULTIPLE ZONING
APN
N-000-0317-001
UPID
US87-0736109
Jurisdiction
RICHMOND CITY
Zoning & alternative use
MULTIPLE ZONING · Richmond, VA
Zoning MULTIPLE ZONING · permitted uses
MULTIPLE ZONING · 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
$58.4M
AUTO REPAIR, GARAGE
Est. value
$66.2M
MEDICAL BUILDING
Est. value
$60.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$59.7M
COMMERCIAL (GENERAL)
Est. value
$57.4M
OFFICE BUILDING
Est. value
$53.8M
RETAIL STORES
Est. value
$52.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2012
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
4
Units
270
Lot
11.01 ac
Current owner
From public records · entity-resolved
Student Housing Spe Vcu LLC
Entity
Mailing address
345 PARK AVE FL, NEW YORK, NY 10154-0004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
—
601 W Bacon St Va Owner LLC
—
Deed
related
$248,100,000 · Morgan Stanley Bank NA
Apr 4, 2018
—
Student Housing Spe-vcu LLC A Limit
—
Deed
related
$6,300,000 · Berkadia Commercial Mortgage LLC
Nov 10, 2014
$33,625
Student Housing Spe Vcu LLC
Vcu Holdings LLC
Special Warranty Deed
$28,000,000 · Berkadia Commercial Mortgage LLC
Apr 6, 2011
—
Vcu
Vcu Holdings LLC
Quit Claim Deed
related
—
Mar 18, 2011
$2,600,000
Vcu Holdings LLC
Chamberlayne Dev LLC
Grant Deed
—
Oct 31, 2008
—
Chamberlayne Dev LLC
Usry Mobilhome Estates INC
Grant Deed
related
—
Oct 17, 2008
$930,000
Chamberlayne Dev LLC
Usry Mobilhome Estate INC
Grant Deed
$900,000 · Usry Properties INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1415 Chamberlayne Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
