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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
2338 Washington St Petersburg, VA 23803-3775
Individually Owned
Absentee Owner
Free & Clear
Property ID
US87-1412220
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
6,114 SF
Lot
0.58 ac (25,375 SF)
Zoning code
B-2
APN
3060001
UPID
US87-1412220
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
$590k
Blend (final)
Blend
$610k
Owner & transaction history
JUNAI A YOUNG
JUNAI A YOUNG
Zoning & alternative use
B-2 · Petersburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ng or replacement of trees on the site to the extent that, at 20 years, minimum tree canopies or coverages will be provided as follows: a. Ten percent tree canopy for commercial and industrial zoning districts: RB, B-1, B-2, B-3, MXD-1, MXD-2, MXD-3, M-1, and M-2. b. Ten percent tree canopy for a residential development with 20 or more units per acre . c . F…
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
926.97 ac
Top alternative use upside
Restaurant
$765,000
+86.4%
Auto repair, garage
$670,000
+63.1%
Commercial (general)
$505,000
+22.4%
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 Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petersburg 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$410,000
Current use
RESTAURANT
$765,000
Change: +86% · Conversion: Easy
AUTO REPAIR, GARAGE
$670,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$370,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$100 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$4,177
Tax year 2019
Assessed value
$401,600
Assessed 2024
Previous assessed
$401,600
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$92,100
Assessed improvement
$309,500
Land market value
$92,100
Improvement market value
$309,500
Total market value
$401,600
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Heating
WOOD FURNACE
Cooling
YES
Stories
1
Total area
6,114 SF
Lot
0.58 ac (25,375 SF)
Zoning code
B-2
APN
3060001
UPID
US87-1412220
Jurisdiction
PETERSBURG CITY
Zoning & alternative use
B-2 · Petersburg, VAZoning B-2 · permitted uses
B-2 · Petersburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ng or replacement of trees on the site to the extent that, at 20 years, minimum tree canopies or coverages will be provided as follows: a. Ten percent tree canopy for commercial and industrial zoning districts: RB, B-1, B-2, B-3, MXD-1, MXD-2, MXD-3, M-1, and M-2. b. Ten percent tree canopy for a residential development with 20 or more units per acre . c . Fifteen percent of tree canopy for a residential development with more than 10 but l
Zone name
General Commercial District
General category
INDUSTRIAL
Zone area
926.97 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$410,000
RESTAURANT
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$505,000
MEDICAL BUILDING
Est. value
$370,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1969
Heating
WOOD FURNACE
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
JUNAI A YOUNG
Individual
Free & Clear · 0 yrs held
Mailing address
3341 LADY MARIAN CT, MIDLOTHIAN, VA 23113-1180
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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