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Property profile & analytics
OFF-MARKET
Estimated value
$6,605,000
Office buildings
2134 Laburnum Ave Richmond, VA 23227-4342
Entity Owned
5-yr Hold
Free & Clear
Property ID
US87-0259943
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
TYPE NOT SPECIFIED
Total area
41,128 SF
Lot
4.84 ac (210,874 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-017-0437-020
UPID
US87-0259943
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
-
Richmond City Voter Registration Office Corporate Office
-
Office of the General Registrar Voter Registration Office Registration Office
-
Windstream Holdings Inc Telecommunications Service
-
General Registrar’s office City Administration
-
Registrar's Office City of Richmond Main Office Voter Registration Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.38M
CAP Approach
CAP
$9.08M
Comparable Approach
Comparable
$5.59M
Blend (final)
Blend
$6.61M
Owner & transaction history
Richmond Va II Sgf LLC · 5 yrs held
Richmond Va II Sgf LLC
since 2020
Last sale
$8.9M
1 recorded transaction
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.5M
+23.2%
Medical building
$6.9M
+12.6%
Neighborhood: shopping center
$6.8M
+11.1%
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
$5,565,000
ML approach
$5,375,000
CAP Approach
CAP Return
Estimation
6%
$9,830,000
6.5%
$9,075,000
7%
$8,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,080,000
Current use
AUTO REPAIR, GARAGE
$7,490,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$6,850,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,755,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,495,000
Change: +7% · Conversion: Easy
RETAIL STORES
$5,925,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$6.61M
Range $5.94M – $7.27M · ±10% · vs last sale $8.90M (Dec 23 2020)
Last sale anchor
$8.90M
Dec 23 2020
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
$161 / 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
$5,083,000
Assessed 2024
Previous assessed
$5,083,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$4,337,000
Assessed improvement
$746,000
Land market value
$4,337,000
Improvement market value
$746,000
Total market value
$5,083,000
Applied tax rate
3.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
2
Bathrooms
2
Total area
41,128 SF
Lot
4.84 ac (210,874 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-017-0437-020
UPID
US87-0259943
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Zoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT INDUSTRIAL · 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 Current
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.5M
RETAIL STORES
Est. value
$5.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1976
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
4.84 ac
Current owner
From public records · entity-resolved
Richmond Va II Sgf LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11100 W BROAD ST, GLEN ALLEN, VA 23060-5813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$8,900,000
Richmond Va II Sgf LLC
Dar Ents LLC
Grant 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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