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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Commercial real estate
1622 Main St Richmond, VA 23220-4633
Entity Owned
~
Est. High Equity
Property ID
US87-1200564
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1955
Construction
CONCRETE
Total area
1,200 SF
Lot
0.03 ac (1,176 SF)
Zoning code
UB-PO3 PARKING OVERLAY
APN
W-000-0660-054
UPID
US87-1200564
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
-
Vaughan C. Jones Attorney at Law Law Firm
-
David Lassiter Jr. P.C. Law Firm
-
R Webb Interiors Interior Design Home Decor Store
-
Alex Taylor Law, PLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Nuckols Commercial Holdings LLC
Nuckols Commercial Holdings LLC
since 2026
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
UB-PO3 PARKING OVERLAY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$910,000
+310.6%
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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$910,000
Change: +311% · Conversion: Easy
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10% · vs last sale $1.67M (Mar 29 2021)
Last sale anchor
$1.67M
Mar 29 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
$1,217 / 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
$398,000
Assessed 2024
Previous assessed
$415,000
-4.1% YoY
Effective rate
0.01%
On assessed value
Assessed land
$130,000
Assessed improvement
$268,000
Land market value
$130,000
Improvement market value
$268,000
Total market value
$398,000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
1,200 SF
Lot
0.03 ac (1,176 SF)
Zoning code
UB-PO3 PARKING OVERLAY
APN
W-000-0660-054
UPID
US87-1200564
Jurisdiction
RICHMOND CITY
Zoning & alternative use
UB-PO3 PARKING OVERLAY · Richmond, VA
Zoning 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
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$910,000
OFFICE BUILDING
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
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Nuckols Commercial Holdings LLC
Entity
Mailing address
1630 W MAIN ST, RICHMOND, VA 23220-4633
Ownership since
2026
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
May 1, 2026
$635,000
Nuckols Commercial Holdings LLC
Casey James LLC
Bargain & Sale Deed
$508,000
Mar 29, 2021
$1,667,500
Ro Rva Holdings LLC
Trolley Tracts Main Street LLC
Warranty Deed
—
Apr 27, 2007
—
Trolley Tracks Main Street LLC
Bdc Trolley Shops LLC
Quit Claim Deed
related
—
—
—
Trolley Tracks Main Street LLC
—
Deed Of Trust
related
$980,000 · Branch Bk&tr
—
—
Trolley Tracks Main Street LLC
—
Deed Of Trust
related
$400,000 · Stellarone Bk
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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