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Property profile

221 E Clay St Richmond, VA 23219

FOR SALE
Other investment properties
Property ID
US87-3833062
6,229 SF 0.05 ac lot Built 1900
Last sale Oct 2023 · $389,626
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 2,045-square-foot ground-floor mixed-use commercial space at 221 East Clay Street in downtown Richmond’s Jackson Ward, occupying a corner position facing E. Clay Street and N. 3rd Street directly opposite the Greater Richmond Convention Center. The space integrates a restored historic storefront with contemporary renovations and features high ceilings with substantial natural daylight. Its flexible interior layout can accommodate two complementary, customer-oriented concepts or separate…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$746k
Assessed land$98k
Assessed improvement$648k
Effective rate0.00%

Value estimate

· Oct 2026
$305k
$275k – $336k
AI approach$355k
NOI build-up
Gross scheduled income$82k
Vacancy & credit loss−$5k
Operating expenses−$23k
NOI · 5.14% cap applied$54k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$118/SF
ZIP average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$64 – $160
Qualifying comparables6

Cap rate analysis

How does the asset earn?
5.14%
$54k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-2 COMMUNITY BUSINESS
JurisdictionRICHMOND CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.9
Tailor Shop9.8
Locksmith9.2

Location

221 E Clay St Richmond, VA 23219
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Grace, Richmond, VA 23219-1718 $1,000,000 Dec 2024 4,976 SF
214 Main, Richmond, VA 23219-3715 $930,000 Oct 2023 6,504 SF
211 Broad, Richmond, VA 23219-1971 $569,000 Dec 2021 7,740 SF
1318 Cary, Richmond, VA 23219-4118 $1,800,000 Oct 2021 8,036 SF
1208 Cary, Richmond, VA 23219-4116 $1,787,500 May 2021 6,322 SF
1210 Cary, Richmond, VA 23219-4116 $1,787,500 May 2021 7,964 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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