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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Medical Office Space
204 Hamilton St Richmond, VA 23221-2662
Entity Owned
17-yr Hold
Free & Clear
Property ID
US87-3660228
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1900
Construction
WOOD
Total area
8,184 SF
Lot
0.56 ac (24,191 SF)
Zoning code
MULTI-ZONING
APN
W-000-1771-018
UPID
US87-3660228
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
-
Debra Fleshman Physician
-
The Coleman Institute for Addiction Medicine - Richmond Medical Clinic
-
Dr. Peter Coleman, MD Physician
-
Hamilton Family Practice Medical Clinic
-
AppleGate Recovery Richmond Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$960k
Owner & transaction history
Cko Construction LLC · 17 yrs held
Cko Construction LLC
since 2008
5 recorded transactions
Zoning & alternative use
MULTI-ZONING · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+9.3%
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
MEDICAL BUILDING
$1,365,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,315,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,290,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$1,210,000
Change: -11% · Conversion: Easy
RETAIL STORES
$1,180,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$117 / 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
$1,586,000
Assessed 2024
Previous assessed
$1,480,000
+7.2% YoY
Effective rate
0.00%
On assessed value
Assessed land
$636,000
Assessed improvement
$950,000
Land market value
$636,000
Improvement market value
$950,000
Total market value
$1,586,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
8,184 SF
Lot
0.56 ac (24,191 SF)
Zoning code
MULTI-ZONING
APN
W-000-1771-018
UPID
US87-3660228
Jurisdiction
RICHMOND CITY
Zoning & alternative use
MULTI-ZONING · Richmond, VA
Zoning MULTI-ZONING · permitted uses
MULTI-ZONING · 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
MEDICAL BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Cko Construction LLC
Entity
Free & Clear · 17 yrs held
Mailing address
942 SPORTS LK RD, NEW CANTON, VA 23123-9737
Ownership since
2008
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
Dec 19, 2017
—
Cko Construction LLC
—
Deed
related
$599,000 · Private Individual
Oct 27, 2008
$325,000
Cko Construction LLC
204 N Hamilton Street LLC
Grant Deed
—
—
—
Cko Construction LLC
—
Loan Modification
related
$570,000 · Branch Bk&tr
—
—
Cko Construction LLC
—
Deed Of Trust
related
$270,000 · Branch Bk&tr/va
—
—
Cko Construction LLC
—
Deed Of Trust
related
$599,000 · Private Individual
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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