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Property profile & analytics
FOR SALE
Apartment buildings
2400 Barton Ave Richmond, VA 23222
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0661153
For Sale
1 / 41
$2,750,000
2400 Barton Ave, Richmond, VA 23222
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1940
Construction
TYPE NOT SPECIFIED
Total area
18,972 SF
Lot
0.37 ac (16,324 SF)
Zoning code
R-53 MULTI FAMILY
APN
N-000-0541-011
UPID
US87-0661153
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
-
Ardyss International Free Weight Loss Consultations. Weight Loss Service Health
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
1006 Rva Holdings LLC · 4 yrs held
1006 Rva Holdings LLC
since 2022
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
R-53 MULTI FAMILY · 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
Method
Estimation
Statistic approach
$1,420,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.62M (Mar 7 2022)
Last sale anchor
$1.62M
Mar 7 2022
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
$81 / 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
$1,560,000
Assessed 2024
Previous assessed
$1,376,000
+13.4% YoY
Effective rate
0.00%
On assessed value
Assessed land
$90,000
Assessed improvement
$1,470,000
Land market value
$90,000
Improvement market value
$1,470,000
Total market value
$1,560,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1940
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
3
Units
18
Rooms
84
Bathrooms
18
Total area
18,972 SF
Lot
0.37 ac (16,324 SF)
Zoning code
R-53 MULTI FAMILY
APN
N-000-0541-011
UPID
US87-0661153
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-53 MULTI FAMILY · Richmond, VA
Zoning R-53 MULTI FAMILY · permitted uses
R-53 MULTI FAMILY · 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
1940
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
3
Units
18
Rooms
84
Bathrooms
18
Lot
0.37 ac
Current owner
From public records · entity-resolved
1006 Rva Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 8764, RICHMOND, VA 23226-0764
Ownership since
2022
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 7, 2022
$1,620,000
1006 Rva Holdings LLC
Cao Flats LLC
Warranty Deed
—
Oct 31, 2018
—
Cao Flats LLC
Chau Cao
Deed
$810,000 · Sonabank
Nov 8, 2016
$865,000
Chau Cao
Walker Row Partnership INC A Virgin
Warranty Deed
$700,000 · Village Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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