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Property profile & analytics
OFF-MARKET
Estimated value
$8,835,000
Retail residential properties
2010 Franklin St Richmond, VA 23223-7043
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0639634
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1947
Construction
TYPE NOT SPECIFIED
Total area
56,401 SF
Lot
0.5 ac (21,780 SF)
Zoning code
B-5 CENTRAL BUSINESS
APN
E-000-0190-009
UPID
US87-0639634
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
$10.84M
Comparable Approach
Comparable
$9.26M
Blend (final)
Blend
$8.84M
Owner & transaction history
2020 Associates L L C · 22 yrs held
2020 Associates L L C
since 2004
5 recorded transactions
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.3M
+52.1%
Medical building
$9.4M
+39.1%
Neighborhood: shopping center
$9.3M
+37.2%
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%
$11,740,000
6.5%
$10,835,000
7%
$10,060,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,755,000
Current use
AUTO REPAIR, GARAGE
$10,275,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$9,395,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,265,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$8,340,000
Change: +23% · Conversion: Easy
RETAIL STORES
$8,125,000
Change: +20% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,810,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$8.84M
Range $7.95M – $9.72M · ±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
$157 / 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
$9,084,000
Assessed 2024
Previous assessed
$9,084,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,140,000
Assessed improvement
$7,944,000
Land market value
$1,140,000
Improvement market value
$7,944,000
Total market value
$9,084,000
Applied tax rate
7.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1947
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
4
Units
55
Total area
56,401 SF
Lot
0.5 ac (21,780 SF)
Zoning code
B-5 CENTRAL BUSINESS
APN
E-000-0190-009
UPID
US87-0639634
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Zoning B-5 CENTRAL BUSINESS · permitted uses
B-5 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
$6.8M
AUTO REPAIR, GARAGE
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.3M
OFFICE BUILDING
Est. value
$8.3M
RETAIL STORES
Est. value
$8.1M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1947
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Units
55
Lot
0.5 ac
Current owner
From public records · entity-resolved
2020 Associates L L C
Entity
Mailing address
13281 RIVERS BND BLVD #201, CHESTER, VA 23836-8610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Jun 1, 2020
—
2020 Assocs LLC
—
Deed
related
$6,240,000 · Walker & Dunlop
Aug 31, 2010
—
2020 Assoc LLC
—
Trustees Deed
related
$5,700,000 · Arbor Com'l Fndg
Aug 24, 2007
—
2020 Assoc LLC
—
Grant Deed
related
$5,995,000 · Franklin Fed'l S&l/richmond
Feb 25, 2004
$700,000
2020 Associates L L C
Wiltshire,william R
Grant Deed
$500,000 · Suntrust Mortgage INC
—
—
2020 Assocs LLC
—
Deed Of Trust
related
$6,240,000 · Walker & Dunlop
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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