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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Distribution centers
2410 Ownby Ln Richmond, VA 23220-1319
Entity Owned
6-yr Hold
Free & Clear
Property ID
US87-3884042
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
19,200 SF
Lot
0.95 ac (41,423 SF)
Zoning code
M-2 HEAVY INDUSTRIAL
APN
N-000-1294-036
UPID
US87-3884042
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
-
Hardywood Park Craft Brewery - Richmond Production Facility Brewery & Distillery
-
Rockitz Music Venue Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$2.15M
Owner & transaction history
2410 Ownby Lane LLC · 6 yrs held
2410 Ownby Lane LLC
since 2020
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
M-2 HEAVY INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+87.1%
Auto repair, garage
$3.5M
+84.9%
Apartment house (5+ units)
$3.3M
+75.3%
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
$1,470,000
ML approach
$1,410,000
CAP Approach
CAP Return
Estimation
6%
$3,040,000
6.5%
$2,805,000
7%
$2,605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,890,000
Current use
COMMERCIAL (GENERAL)
$3,540,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,495,000
Change: +85% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,315,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$3,200,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±10% · vs last sale $2.35M (Mar 25 2020)
Last sale anchor
$2.35M
Mar 25 2020
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
$112 / 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
$2,713,000
Assessed 2024
Previous assessed
$2,713,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,174,000
Assessed improvement
$1,539,000
Land market value
$1,174,000
Improvement market value
$1,539,000
Total market value
$2,713,000
Applied tax rate
3.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
2
Bathrooms
2
Total area
19,200 SF
Lot
0.95 ac (41,423 SF)
Zoning code
M-2 HEAVY INDUSTRIAL
APN
N-000-1294-036
UPID
US87-3884042
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
2410 Ownby Lane LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1310 ROSENEATH RD STE #200, RICHMOND, VA 23230-4632
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
$2,350,000
2410 Ownby Lane LLC
Hardywood Props LLC
Warranty Deed
—
Dec 12, 2012
$670,000
Hardywood Props LLC
Bland,james V III
Grant Deed
—
Feb 23, 2005
$825,000
James Bland III
West End Properties
Warranty Deed
$850,000 · First Community Bank
—
—
Hardywood Props LLC
—
Loan Modification
related
$867,233 · Union First Market 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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