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Property profile & analytics
FOR SALE
Office Spaces
201 W 7Th St Richmond, VA 23224
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-0079821
For Sale
1 / 3
$6,250,000
201 W 7Th St, Richmond, VA 23224
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
42,150 SF
Lot
0.82 ac (35,928 SF)
Zoning code
B-7 CENTRAL BUSINESS
APN
S-000-0025-006
UPID
US87-0079821
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
-
YMCA of Greater Richmond Charitable Organization Social Service Agency
-
circle S studio Advertising Agency Marketing & Advertising
-
Grace Street Home Additions Architect
-
SIMPLE123.com Corporate Office
-
Corrugated Box Building Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$5.74M
Owner & transaction history
Corrugated Box LLC · 8 yrs held
Corrugated Box LLC
since 2017
5 recorded transactions
Zoning & alternative use
B-7 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.0M
+55.1%
Neighborhood: shopping center
$6.9M
+52.9%
Office building
$6.2M
+37.7%
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)
$4,530,000
Current use
MEDICAL BUILDING
$7,020,000
Change: +55% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,925,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$6,235,000
Change: +38% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,345,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,165,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$5.74M
Range $5.17M – $6.31M · ±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
$136 / 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
$5,426,000
Assessed 2024
Previous assessed
$4,747,000
+14.3% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,901,000
Assessed improvement
$3,525,000
Land market value
$1,901,000
Improvement market value
$3,525,000
Total market value
$5,426,000
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 Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Rooms
4
Bathrooms
1
Total area
42,150 SF
Lot
0.82 ac (35,928 SF)
Zoning code
B-7 CENTRAL BUSINESS
APN
S-000-0025-006
UPID
US87-0079821
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-7 CENTRAL BUSINESS · Richmond, VA
Zoning B-7 CENTRAL BUSINESS · permitted uses
B-7 CENTRAL 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
$4.5M
MEDICAL BUILDING
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Rooms
4
Bathrooms
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Corrugated Box LLC
Entity
Free & Clear · 8 yrs held
Mailing address
9802 DROUIN DR, HENRICO, VA 23238-5702
Ownership since
2017
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
Oct 3, 2017
—
Corrugated Box LLC
Corrugated Partners LLC
Quit Claim Deed
related
—
Oct 3, 2017
$4,250,000
Corrugated Box LLC
Corrugated Partners LLC
Grant Deed
related
—
Sep 2, 2011
$350,000
Seventh Corner LLC
Corrugated Parking LLC
Warranty Deed
—
Mar 5, 2007
—
Corrugated Parking LLC
City Of Richmond
Quit Claim Deed
related
—
—
—
Corrugates Partners LLC
—
Loan Modification, Consolidation And Extension
related
$3,750,000 · Union First Market 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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