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Property profile & analytics
OFF-MARKET
Estimated value
$6,670,000
Retail residential properties
1420 Hull St Richmond, VA 23224-3963
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2310801
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
69,450 SF
Lot
0.78 ac (34,151 SF)
Zoning code
UB2-PE URBAN BUS.-PARKING
APN
S-000-0152-001
UPID
US87-2310801
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
-
River City Kung Fu Training Center Sports School
-
James B Coleman Jr Insurance Agency Inc Insurance Agency
-
Imani Mews Apartment Building
-
Imani Community Development Corporation Community Center
-
Raymond Kendall Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.88M
Blend (final)
Blend
$6.67M
Owner & transaction history
Imani Neighborhood Partn · 22 yrs held
Imani Neighborhood Partn
since 2004
Last sale
$6.9M
3 recorded transactions
Zoning & alternative use
UB2-PE URBAN BUS.-PARKING · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.3M
+37.7%
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
COMMERCIAL (GENERAL)
$7,460,000
Current use
OFFICE BUILDING
$10,270,000
Change: +38% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,155,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,865,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$6.67M
Range $6.00M – $7.34M · ±10% · vs last sale $6.85M (Jun 10 2025)
Last sale anchor
$6.85M
Jun 10 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
$96 / 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
$92,736
Tax year 2020
Assessed value
$7,728,000
Assessed 2024
Previous assessed
$6,511,000
+18.7% YoY
Effective rate
1.20%
On assessed value
Assessed land
$650,000
Assessed improvement
$7,078,000
Land market value
$650,000
Improvement market value
$7,078,000
Total market value
$7,728,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
69,450 SF
Lot
0.78 ac (34,151 SF)
Zoning code
UB2-PE URBAN BUS.-PARKING
APN
S-000-0152-001
UPID
US87-2310801
Jurisdiction
RICHMOND CITY
Zoning & alternative use
UB2-PE URBAN BUS.-PARKING · Richmond, VA
Zoning UB2-PE URBAN BUS.-PARKING · permitted uses
UB2-PE URBAN BUS.-PARKING · 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
$7.5M
OFFICE BUILDING
Est. value
$10.3M
INDUSTRIAL (GENERAL)
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1920
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
0.78 ac
Current owner
From public records · entity-resolved
Imani Neighborhood Partn
Individual
Free & Clear · 22 yrs held
Mailing address
222 ROCKAWAY TPKE STE #5, CEDARHURST, NY 11516-1833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2004
$300,000
Imani Neighborhood Partn
Lta L L C
Trustees Deed
—
Jul 20, 1998
$145,000
Jeffrey M Hoover
—
Grant Deed
related
—
Apr 23, 1998
$46,250
James H Griffin III
—
Grant Deed
related
—
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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