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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Flex space
2 Brunswick St Richmond, VA 23220-4819
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0736503
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
636 SF
Lot
0.02 ac (655 SF)
Zoning code
UB-PO3 PARKING OVERLAY
APN
W-000-0451-040
UPID
US87-0736503
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
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Jessica Lee Clary · 1 yrs held
Jessica Lee Clary
since 2024
Last sale
$775,000
4 recorded transactions
Zoning & alternative use
UB-PO3 PARKING OVERLAY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$480,000
+634.5%
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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$480,000
Change: +634% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Sep 4 2024)
Last sale anchor
$775k
Sep 4 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
$1,219 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,596
Tax year 2023
Assessed value
$133,000
Assessed 2024
Previous assessed
$133,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$90,000
Assessed improvement
$43,000
Land market value
$90,000
Improvement market value
$43,000
Total market value
$133,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Rooms
1
Bathrooms
0
Total area
636 SF
Lot
0.02 ac (655 SF)
Zoning code
UB-PO3 PARKING OVERLAY
APN
W-000-0451-040
UPID
US87-0736503
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
$480,000
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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Rooms
1
Bathrooms
0
Lot
0.02 ac
Current owner
From public records · entity-resolved
Jessica Lee Clary
Individual
Mailing address
2 N BRUNSWICK ST, RICHMOND, VA 23220-4819
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$775,000
Jessica Lee Clary
Site Works INC
Warranty Deed
$225,000 · First National Bank Of Pennsylvania
Sep 9, 2019
$140,000
Site Works INC
Kaba,zeeshan
Warranty Deed
—
May 28, 2019
$75,000
Zeeshan Kaba
Brunswicks Two LLC
Warranty Deed
$75,000 · Brunswicks Two LLC
Dec 16, 2013
$52,500
Brunswicks Two LLC
Mccart,kenneth D
Warranty 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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