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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Investment properties
215 Clay St Richmond, VA 23220-3914
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1340011
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
2,548 SF
Lot
0.04 ac (1,912 SF)
Zoning code
B-1 NEIGHBORHOOD BUSINESS
APN
N-000-0120-001
UPID
US87-1340011
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
-
StudioLovn (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$490k
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$800k
Owner & transaction history
Robert Finley Hopper IV · 3 yrs held
Robert Finley Hopper IV
since 2023
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
B-1 NEIGHBORHOOD BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$640,000
+36.4%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$490,000
7%
$455,000
Alternative Use
Use
Estimation
RETAIL STORES
$640,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Oct 15 2024)
Last sale anchor
$800k
Oct 15 2024
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
$314 / 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
$542,000
Assessed 2024
Previous assessed
$542,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$72,000
Assessed improvement
$470,000
Land market value
$72,000
Improvement market value
$470,000
Total market value
$542,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Rooms
8
Bathrooms
1
Total area
2,548 SF
Lot
0.04 ac (1,912 SF)
Zoning code
B-1 NEIGHBORHOOD BUSINESS
APN
N-000-0120-001
UPID
US87-1340011
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-1 NEIGHBORHOOD BUSINESS · Richmond, VA
Zoning B-1 NEIGHBORHOOD BUSINESS · permitted uses
B-1 NEIGHBORHOOD 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
RETAIL STORES
Est. value
$640,000
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
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Rooms
8
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Robert Finley Hopper IV
Individual
Mailing address
215 W CLAY STB, RICHMOND, VA 23220-3914
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2023
$250,000
Robert Finley Hopper IV
Robert Finley Hopper IV
Deed
related
$810,000 · Atlantic Union Bank
Feb 26, 2016
$425,000
Robert F Hopper IV
Virginia Rlty Ventures LLC
Grant Deed
—
Dec 19, 2013
$248,000
Virginia Realty Ventures LLC
Hanson,kelvin
Grant Deed
$252,000 · Stonebridge Investment Co LLC
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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