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Property profile & analytics
OFF-MARKET
Apartment buildings
1716 Smt Ave Richmond, VA 23230-4534
Individually Owned
Free & Clear
Property ID
US87-0600830
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
50,034 SF
Lot
1.2 ac (52,272 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1720-006
UPID
US87-0600830
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
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
Wood Davis
Wood Davis
since 2026
Last sale
$369,950
7 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · 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
$7,005,000
Assessed 2024
Previous assessed
$7,005,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,045,000
Assessed improvement
$5,960,000
Land market value
$1,045,000
Improvement market value
$5,960,000
Total market value
$7,005,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
2
Units
31
Bathrooms
2
Total area
50,034 SF
Lot
1.2 ac (52,272 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1720-006
UPID
US87-0600830
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.
Building & site characteristics
From public records
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Units
31
Bathrooms
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Wood Davis
Individual
Free & Clear · 0 yrs held
Mailing address
1320 W BROAD ST STE A, RICHMOND, VA 23220-3015
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
$300,000
Wood Davis
Hh Development Corporation INC
Warranty Deed
related
—
Mar 24, 2026
$345,000
James Price
Hh Development Corporation INC
Warranty Deed
$245,000 · Advancial FCU
Oct 20, 2025
$369,950
The Marshall H Groom JR Living Trus
Hh Development Corporation INC
Warranty Deed
—
Aug 18, 2025
$367,000
Wayne Alan Gootee
Hh Development Corporation INC
Warranty Deed
$256,900 · First Heritage Mortgage LLC
Aug 8, 2025
$345,000
Kyle Bolling Cooke
Hh Development Corporation INC
Warranty Deed
$310,500 · First Heritage Mortgage LLC
Jul 24, 2025
$299,000
Mackenzie Moughon
Hh Development Corporation INC
Warranty Deed
$284,050 · First Heritage Mortgage LLC
Jul 21, 2025
$423,500
Samreen Sadiq
Hh Development Corporation INC
Warranty Deed
$296,450 · First Heritage Mortgage LLC
Aug 16, 2019
$4,844,000
1716 Summit LLC
Atrium Lofts LLC
Grant Deed
$3,415,158 · Vcc Bk
Nov 2, 2017
—
City Of Richmond
Atrium Lofts LLC
Grant Deed
related
—
Jul 9, 2014
—
Atrium Lofts LLC
Molins Machine Co INC
Quit Claim Deed
related
—
Aug 14, 2013
$35,000,000
Atrium Lofts LLC
Qh Tc 1714 Summit Ave LLC
Warranty Deed
—
Mar 14, 2005
$950,000
Qh Tc 1714 Summit Ave LLC
Baker,j Glen
Grant Deed
$1,750,000 · Silver Construction Cap
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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