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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Parking lots & garages
2201 Cary St, Richmond, VA 23223
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0790659
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2003
Construction
CONCRETE
Total area
16,740 SF
Lot
0.59 ac (25,700 SF)
Zoning code
M-2 HEAVY INDUSTRIAL
APN
E-000-0263-001
UPID
US87-0790659
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.46M
Owner & transaction history
West Shore Tobacco Green LLC · 1 yrs held
West Shore Tobacco Green LLC
since 2024
5 recorded transactions
Zoning & alternative use
M-2 HEAVY INDUSTRIAL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$147 / 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
$1,248,000
Assessed 2024
Previous assessed
$1,248,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$400,000
Assessed improvement
$848,000
Land market value
$400,000
Improvement market value
$848,000
Total market value
$1,248,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
YES
Stories
1
Total area
16,740 SF
Lot
0.59 ac (25,700 SF)
Zoning code
M-2 HEAVY INDUSTRIAL
APN
E-000-0263-001
UPID
US87-0790659
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-2 HEAVY INDUSTRIAL · Richmond, VA
Zoning M-2 HEAVY INDUSTRIAL · permitted uses
M-2 HEAVY 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.
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
YES
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
West Shore Tobacco Green LLC
Entity
Mailing address
127 PUBLIC SQ #3150, CLEVELAND, OH 44114-1217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 23, 2024
—
West Shore Tobacco Green LLC
Fc Consoliated Lessor LLC
Deed
—
Dec 12, 2018
—
Fc Consolidated Lessor LLC
—
Grant Deed
related
$24,501,000 · Wells Fargo Bk
Aug 23, 2011
$310,000
Salhab,naji & Raine
Bank Of Hampton Roads
Grant Deed
$217,000 · Suntrust Mtg
—
—
Fc Lucky Strike Lessor LLC
—
Deed Of Trust
related
$22,736,000 · Wells Fargo Bk
—
—
Fc Consolidated Lessor LLC
—
Deed Of Trust
related
$24,501,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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