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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Office Spaces
1809 Staples Ml Rd Richmond, VA 23230-3515
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0699350
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1964
Construction
TYPE NOT SPECIFIED
Total area
30,682 SF
Lot
0.86 ac (37,664 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
W-019-0018-027
UPID
US87-0699350
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
-
Allen, Allen, Allen & Allen Law Firm
-
Jason W. Konvicka Law Firm
-
Kessel James M Law Firm
-
Charles L. Allen Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$2.63M
Owner & transaction history
Allen Allen Allen And Allen Corpora · 1 yrs held
Allen Allen Allen And Allen Corpora
since 2024
7 recorded transactions
Zoning & alternative use
B-3 GENERAL BUSINESS · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,120,000
Current use
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10%
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
$86 / 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
$3,877,000
Assessed 2024
Previous assessed
$3,688,000
+5.1% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,396,000
Assessed improvement
$2,481,000
Land market value
$1,396,000
Improvement market value
$2,481,000
Total market value
$3,877,000
Applied tax rate
1.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Total area
30,682 SF
Lot
0.86 ac (37,664 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
W-019-0018-027
UPID
US87-0699350
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
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
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
1964
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Lot
0.86 ac
Current owner
From public records · entity-resolved
Allen Allen Allen And Allen Corpora
Individual
Mailing address
1809 STAPLES ML RD, RICHMOND, VA 23230-3515
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
—
Allen Allen Allen And Allen Corpora
—
Deed
related
$2,000,000 · Wells Fargo Bank NA
Apr 28, 2020
—
Allen Allen Allen & Allen Corp
—
Deed
related
$1,700,000 · Wells Fargo Bk
Nov 26, 2019
—
Allen Allen Allen & Allen Corp
—
Deed
related
$380,000 · Wells Fargo Bk
Nov 7, 2016
—
Allen Allen Allen & Allen Corp
—
Deed
related
$1,824,000 · Wells Fargo Bk
—
—
Allen Allen Allen & Allen Corp
—
Deed Of Trust
related
$380,000 · Wells Fargo Bk
—
—
Allen Allen Allen & Allen Corp
—
Deed Of Trust
related
$1,700,000 · Wells Fargo Bk
—
—
Allen Allen Allen & Allen Corp
—
Deed Of Trust
related
$1,824,000 · Wells Fargo 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.
Try Rey
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