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Property profile & analytics
OFF-MARKET
Estimated value
$4,910,000
Grocery and convenience stores
2400 Main St Richmond, VA 23223-7846
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0670472
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
42,031 SF
Lot
2.6 ac (113,430 SF)
Zoning code
B-5 CENTRAL BUSINESS
APN
E-000-0341-026
UPID
US87-0670472
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
-
CVS Pharmacy
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy Pharmacy
-
MoneyGram Bank Credit Union
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$4.91M
Owner & transaction history
Red Dog Capital LLC · 4 yrs held
Red Dog Capital LLC
since 2022
Last sale
$5.1M
6 recorded transactions
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.7M
+26.4%
Medical building
$7.0M
+15.6%
Neighborhood: shopping center
$6.9M
+14.0%
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
$4,510,000
ML approach
$4,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,055,000
Current use
AUTO REPAIR, GARAGE
$7,655,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$7,000,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,905,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$6,215,000
Change: +3% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,035,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.91M
Range $4.42M – $5.40M · ±10% · vs last sale $5.15M (Apr 1 2022)
Last sale anchor
$5.15M
Apr 1 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
$117 / 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
$8,046,000
Assessed 2024
Previous assessed
$8,046,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$3,510,000
Assessed improvement
$4,536,000
Land market value
$3,510,000
Improvement market value
$4,536,000
Total market value
$8,046,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
42,031 SF
Lot
2.6 ac (113,430 SF)
Zoning code
B-5 CENTRAL BUSINESS
APN
E-000-0341-026
UPID
US87-0670472
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Zoning B-5 CENTRAL BUSINESS · permitted uses
B-5 CENTRAL 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 Current
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2003
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
2.6 ac
Current owner
From public records · entity-resolved
Red Dog Capital LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4901 DICKENS RD STE #100, RICHMOND, VA 23230-1952
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$5,148,414
Red Dog Capital LLC
The Wilton Companies INC
Special Warranty Deed
—
May 16, 2017
—
2400 W Main Street LLC
Santos,antonio F & Jo Ann R
Grant Deed
related
—
Apr 13, 2017
—
Wilton Companies INC
—
Deed
related
$5,432,282 · Towne Bk
Jul 19, 2013
$6,625,000
Wilton Companies INC
Forest City Grocery LLC
Grant Deed
—
—
—
Wilson Companies INC
—
Deed Of Trust
related
$4,970,000 · Franklin Fsb
—
—
Wilton Companies INC
—
Loan Modification
related
$5,432,282 · Towne 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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