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Property profile & analytics
OFF-MARKET
Estimated value
$8,370,000
Distribution centers
1600 Roseneath Rd Richmond, VA 23230-4454
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-1291003
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1946
Construction
CONCRETE
Total area
32,958 SF
Lot
1.55 ac (67,518 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1791-005
UPID
US87-1291003
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
-
Cobblestone Development Group Construction Company General Contractor
-
River City Glassworks General Contractor Renovation Specialist
-
Direct Capital Solutions LLC Loan Service
-
Biscuits & Gravy Restaurant
-
•R•C•g• Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.97M
Blend (final)
Blend
$8.37M
Owner & transaction history
Csra Opportunity Zone Fund Ix Owner · 2 yrs held
Csra Opportunity Zone Fund Ix Owner
since 2024
Last sale
$8.4M
2 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+89.2%
Auto repair, garage
$6.0M
+22.5%
Medical building
$5.5M
+12.0%
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
$8,370,000
ML approach
$8,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,275,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,005,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$5,490,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,415,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,300,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$8.37M
Range $7.53M – $9.21M · ±10% · vs last sale $8.37M (Apr 5 2024)
Last sale anchor
$8.37M
Apr 5 2024
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
$254 / 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
$6,880,000
Assessed 2024
Previous assessed
$6,520,000
+5.5% YoY
Effective rate
0.00%
On assessed value
Assessed land
$2,756,000
Assessed improvement
$4,124,000
Land market value
$2,756,000
Improvement market value
$4,124,000
Total market value
$6,880,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1946
Construction
CONCRETE
Heating
YES
Buildings
3
Stories
2
Bathrooms
5
Total area
32,958 SF
Lot
1.55 ac (67,518 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1791-005
UPID
US87-1291003
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.3M
AUTO REPAIR, GARAGE
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1946
Construction
CONCRETE
Heating
YES
Stories
2
Buildings
3
Bathrooms
5
Lot
1.55 ac
Current owner
From public records · entity-resolved
Csra Opportunity Zone Fund Ix Owner
Entity
Mailing address
4851 LK BRK DR, GLEN ALLEN, VA 23060-9233
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$8,368,174
Csra Opportunity Zone Fund Ix Owner
1600 Roseneath LLC
Special Warranty Deed
$10,350,000 · Arbor Realty SR INC
Mar 9, 2022
$7,000,000
1600 Roseneath LLC
Essex Family Group LLC
Warranty Deed
—
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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