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Property profile & analytics
OFF-MARKET
Distribution centers
1621 Cary St Richmond, VA 23220-5307
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0048821
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1957
Construction
TYPE NOT SPECIFIED
Total area
2,275 SF
Lot
0.11 ac (4,690 SF)
Zoning code
R-7 SINGLE AND 2-FAMILY
APN
W-000-0656-010
UPID
US87-0048821
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
-
Creative Contracting General Contractor
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
Telfian Brothers LLC · 3 yrs held
Telfian Brothers LLC
since 2022
6 recorded transactions
Zoning & alternative use
R-7 SINGLE AND 2-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
$475,000
Assessed 2024
Previous assessed
$398,000
+19.3% YoY
Effective rate
0.00%
On assessed value
Assessed land
$310,000
Assessed improvement
$165,000
Land market value
$310,000
Improvement market value
$165,000
Total market value
$475,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1957
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Rooms
8
Bathrooms
1
Total area
2,275 SF
Lot
0.11 ac (4,690 SF)
Zoning code
R-7 SINGLE AND 2-FAMILY
APN
W-000-0656-010
UPID
US87-0048821
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-7 SINGLE AND 2-FAMILY · Richmond, VA
Zoning R-7 SINGLE AND 2-FAMILY · permitted uses
R-7 SINGLE AND 2-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
1957
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Telfian Brothers LLC
Entity
Mailing address
1621 W CARY ST, RICHMOND, VA 23220-5307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
Telfian Brothers LLC
—
Deed
related
$1,200,000 · Virginia Credit Union INC
May 31, 2019
—
Telfian Brothers LLC
—
Deed
related
$570,000 · Essex Bank
—
—
Telfian Brothers LLC
—
Deed Of Trust
related
$570,000 · Essex Bk
—
—
Telfain Brothers LLC
—
Deed Of Trust
related
$526,500 · Essex Bk
—
—
Telfian Brothers LLC
—
Deed Of Trust
related
$380,000 · Branch Bk&tr/va
—
—
Telfian Brothers LLC
—
Loan Modification
related
$956,401 · First Tenn Bank
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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