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Property profile & analytics
OFF-MARKET
Retail space
1609 Oakwood Ave Richmond, VA 23223-6823
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-2403286
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
1,274 SF
Lot
0.08 ac (3,437 SF)
Zoning code
R-5 SINGLE FAMILY
APN
E-000-1542-012
UPID
US87-2403286
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
-
Kozy Hair Studio Hair Salon Nail Salon
-
Brush Realty office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1609 Oakwood LLC · 7 yrs held
1609 Oakwood LLC
since 2019
5 recorded transactions
Zoning & alternative use
R-5 SINGLE FAMILY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$60,000
Assessed 2024
Previous assessed
$60,000
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$36,000
Assessed improvement
$24,000
Land market value
$36,000
Improvement market value
$24,000
Total market value
$60,000
Applied tax rate
7.0000
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
Off-Market
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Rooms
3
Bathrooms
1
Total area
1,274 SF
Lot
0.08 ac (3,437 SF)
Zoning code
R-5 SINGLE FAMILY
APN
E-000-1542-012
UPID
US87-2403286
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-5 SINGLE FAMILY · Richmond, VA
Zoning R-5 SINGLE FAMILY · permitted uses
R-5 SINGLE FAMILY · 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
1975
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Rooms
3
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
1609 Oakwood LLC
Entity
Mailing address
111 N 28TH ST, RICHMOND, VA 23223-7325
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2019
$128,250
1609 Oakwood LLC
Churchill Dev Corp INC
Warranty Deed
$96,000 · Citizens & Farmers Bk
May 22, 2017
$70,000
Churchill Dev Corp INC
Coward,kenneth R & Michael
Warranty Deed
$30,000 · 1-3-68 Assoc Lc
Feb 5, 2015
—
Kenneth R Coward
Coward,john L
Quit Claim Deed
related
—
Jul 22, 2014
—
John Coward
Hunter,kordell
Quit Claim Deed
related
—
Mar 15, 2010
$125,000
Hunter,kordell
Coward,john L
Grant Deed
$125,000 · John L Coward
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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