Back to Search
Property profile & analytics
FOR SALE
Retail space
1509 W Main St Richmond, VA 23220
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0751439
For Sale
1 / 33
Contact for pricing
1509 W Main St, Richmond, VA 23220
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
6,762 SF
Lot
0.06 ac (2,697 SF)
Zoning code
UB-PO3 PARKING OVERLAY
APN
W-000-0604-012
UPID
US87-0751439
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
-
A BETTER PATH SUPPORT SERVICES Council
-
InterActive Financial Marketing Group Marketing & Advertising
-
WhatchaNeed Clothing Store
-
InvoicePricing.com Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.91M
Owner & transaction history
Aabc Uptown Richmond LLC · 4 yrs held
Aabc Uptown Richmond LLC
since 2021
Last sale
$14.6M
4 recorded transactions
Zoning & alternative use
UB-PO3 PARKING OVERLAY · Richmond, VA
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
$10.91M
Range $9.82M – $12.00M · ±10% · vs last sale $14.55M (Dec 28 2021)
Last sale anchor
$14.55M
Dec 28 2021
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
$1,613 / 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
$819,000
Assessed 2024
Previous assessed
$785,000
+4.3% YoY
Effective rate
0.00%
On assessed value
Assessed land
$193,000
Assessed improvement
$626,000
Land market value
$193,000
Improvement market value
$626,000
Total market value
$819,000
Applied tax rate
5.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Rooms
10
Bathrooms
2
Total area
6,762 SF
Lot
0.06 ac (2,697 SF)
Zoning code
UB-PO3 PARKING OVERLAY
APN
W-000-0604-012
UPID
US87-0751439
Jurisdiction
RICHMOND CITY
Zoning & alternative use
UB-PO3 PARKING OVERLAY · Richmond, VAZoning UB-PO3 PARKING OVERLAY · permitted uses
UB-PO3 PARKING OVERLAY · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Rooms
10
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Aabc Uptown Richmond LLC
Entity
Free & Clear · 4 yrs held
Mailing address
500 E MOREHEAD ST STE #230, CHARLOTTE, NC 28202-3395
Ownership since
2021
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
Oct 24, 2025
—
1809 E Franklin Street LLC
—
Deed
related
$3,785,769 · Atlantic Union Bank
Dec 28, 2021
$14,550,000
Aabc Uptown Richmond LLC
Eck Enterprises LLC
Special Warranty Deed
—
May 28, 2020
—
1509 East Main Street LLC
—
Deed
related
$545,000 · South State Bank
—
—
Eck Ents INC
—
Deed Of Trust
related
$24,025,000 · 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.
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?”
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.
