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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
17 Cary St Richmond, VA 23219-3732
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0556547
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1915
Construction
TYPE NOT SPECIFIED
Total area
2,430 SF
Lot
0.05 ac (2,220 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
W-000-0080-007
UPID
US87-0556547
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
-
Whitehead & Chiocca, PLC Law Firm
-
New Asian massage Alternative Medicine Practice Spa & Massage Center
-
Virginia Beer Wholesalers Association Charitable Organization Social Service Agency
-
Allan W Smith Inc Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$492k
Blend (final)
Blend
$580k
Owner & transaction history
Retaw Properties LLC · 2 yrs held
Retaw Properties LLC
since 2024
Last sale
$580,000
4 recorded transactions
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$445,000
+23.2%
Medical building
$405,000
+12.6%
Neighborhood: shopping center
$400,000
+11.1%
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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$500,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Current use
AUTO REPAIR, GARAGE
$445,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$405,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$350,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $580k (Mar 12 2024)
Last sale anchor
$580k
Mar 12 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
$239 / 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
$556,000
Assessed 2024
Previous assessed
$556,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$150,000
Assessed improvement
$406,000
Land market value
$150,000
Improvement market value
$406,000
Total market value
$556,000
Applied tax rate
6.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Rooms
9
Bathrooms
1
Total area
2,430 SF
Lot
0.05 ac (2,220 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
W-000-0080-007
UPID
US87-0556547
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Zoning B-3 GENERAL BUSINESS · permitted uses
B-3 GENERAL BUSINESS · 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 Current
Est. value
$360,000
AUTO REPAIR, GARAGE
Est. value
$445,000
MEDICAL BUILDING
Est. value
$405,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$400,000
RETAIL STORES
Est. value
$350,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Rooms
9
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Retaw Properties LLC
Entity
Mailing address
3400 LADY MARIAN CT, MIDLOTHIAN, VA 23113-1182
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
$580,000
Retaw Properties LLC
Virginia Beer Wholesalers Assn
Warranty Deed
$464,000 · Atlantic Union Bank
Mar 1, 2017
$495,000
Whitehead & Chiocca Props LLC
Smith,allan W JR & Christopher B
Grant Deed
—
Jun 15, 2016
$47,300
Allan W Smith
Smith,allan W JR
Grant Deed
related
—
Jun 3, 2010
$321,500
Virginia Beer Wholesalers Asso
Deady,james E & Doris D
Grant 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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