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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
207 Franklin St Richmond, VA 23220-5011
Entity Owned
5-yr Hold
Free & Clear
Property ID
US87-1041013
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
9,600 SF
Lot
0.2 ac (8,917 SF)
Zoning code
R-03 RESIDENTIAL OFFICE
APN
W-000-0146-004
UPID
US87-1041013
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
-
Brooks Engineering Structural Engineer
-
GlynnDevins Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
207 West Franklin Street Property L · 5 yrs held
207 West Franklin Street Property L
since 2021
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
R-03 RESIDENTIAL OFFICE · 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
$770,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $1.03M (Jul 12 2021)
Last sale anchor
$1.03M
Jul 12 2021
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
$94 / 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
$869,000
Assessed 2024
Previous assessed
$869,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$457,000
Assessed improvement
$412,000
Land market value
$457,000
Improvement market value
$412,000
Total market value
$869,000
Applied tax rate
2.0000
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Rooms
24
Bathrooms
3
Total area
9,600 SF
Lot
0.2 ac (8,917 SF)
Zoning code
R-03 RESIDENTIAL OFFICE
APN
W-000-0146-004
UPID
US87-1041013
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-03 RESIDENTIAL OFFICE · Richmond, VA
Zoning R-03 RESIDENTIAL OFFICE · permitted uses
R-03 RESIDENTIAL OFFICE · 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.
Building & site characteristics
From public records
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Rooms
24
Bathrooms
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
207 West Franklin Street Property L
Entity
Free & Clear · 5 yrs held
Mailing address
410 PNE ST SE STE #300, VIENNA, VA 22180-4861
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2025
—
207 West Franklin Street Property L
—
Deed
related
$3,500,000 · First Bank
Jul 12, 2021
$1,030,000
207 West Franklin Street Property L
Brooks Franklin Street LP
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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