Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Retail residential properties
2500 9th Mile Rd Richmond, VA 23223-5219
Entity Owned
10-yr Hold
Free & Clear
Property ID
US87-3965620
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2019
Construction
WOOD FRAME
Total area
5,474 SF
Lot
1.81 ac (78,931 SF)
Zoning code
B-2 COMMUNITY BUSINESS
APN
E-000-0712-023
UPID
US87-3965620
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
-
The Kitchens at Reynolds High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$983k
Blend (final)
Blend
$845k
Owner & transaction history
Church Hill North Holdings LLC · 10 yrs held
Church Hill North Holdings LLC
since 2016
5 recorded transactions
Zoning & alternative use
B-2 COMMUNITY BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+52.1%
Medical building
$910,000
+39.1%
Neighborhood: shopping center
$900,000
+37.2%
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
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
COMMERCIAL (GENERAL)
$655,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$910,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: +23% · Conversion: Easy
RETAIL STORES
$790,000
Change: +20% · Conversion: Easy
INDUSTRIAL (GENERAL)
$565,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$154 / 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
$5,607,000
Assessed 2024
Previous assessed
$5,607,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$470,000
Assessed improvement
$5,137,000
Land market value
$470,000
Improvement market value
$5,137,000
Total market value
$5,607,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2019
Construction
WOOD FRAME
Heating
YES
Stories
1
Bathrooms
1
Total area
5,474 SF
Lot
1.81 ac (78,931 SF)
Zoning code
B-2 COMMUNITY BUSINESS
APN
E-000-0712-023
UPID
US87-3965620
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-2 COMMUNITY BUSINESS · Richmond, VA
Zoning B-2 COMMUNITY BUSINESS · permitted uses
B-2 COMMUNITY 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
COMMERCIAL (GENERAL) Current
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$995,000
MEDICAL BUILDING
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
OFFICE BUILDING
Est. value
$810,000
RETAIL STORES
Est. value
$790,000
INDUSTRIAL (GENERAL)
Est. value
$565,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (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
2019
Construction
WOOD FRAME
Heating
YES
Stories
1
Bathrooms
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Church Hill North Holdings LLC
Entity
Free & Clear · 10 yrs held
Mailing address
11100 W BROAD ST, GLEN ALLEN, VA 23060-5813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2016
—
Church Hill North Holdings LLC
Richmond Redev & Hsng Auth
Grant Deed
related
—
Jun 8, 2016
$297,000
Richmond Redev & Hsng Auth
Bon Secours-richmond Cmnty Hos
Warranty Deed
related
—
Aug 26, 2015
$282,000
Bon Secours Richmond Cmnty Hos
Richmond Redev & Hsng Auth
Warranty Deed
related
—
Sep 18, 2013
—
City Of Richmond Va
Richmond Redev & Hsng Auth
Quit Claim Deed
related
—
Nov 17, 2004
$185,000
Richmond Redevelopment & Housing
Harris,phoebe W
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2500 9th Mile Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
