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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
2712 Chamberlayne Ave Richmond, VA 23222-3504
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-0556984
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
4,424 SF
Lot
0.65 ac (28,227 SF)
Zoning code
B-2 COMMUNITY BUSINESS
APN
N-000-0761-001
UPID
US87-0556984
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
-
Neighborhood Housing Services of Richmond, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$580k
Owner & transaction history
Mack LLC · 3 yrs held
Mack LLC
since 2023
6 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
$805,000
+23.2%
Medical building
$735,000
+12.6%
Neighborhood: shopping center
$725,000
+11.1%
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
OFFICE BUILDING
$655,000
Current use
AUTO REPAIR, GARAGE
$805,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$725,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$700,000
Change: +7% · Conversion: Easy
RETAIL STORES
$635,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$131 / 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
$657,000
Assessed 2024
Previous assessed
$654,000
+0.5% YoY
Effective rate
0.00%
On assessed value
Assessed land
$216,000
Assessed improvement
$441,000
Land market value
$216,000
Improvement market value
$441,000
Total market value
$657,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Rooms
12
Bathrooms
1
Total area
4,424 SF
Lot
0.65 ac (28,227 SF)
Zoning code
B-2 COMMUNITY BUSINESS
APN
N-000-0761-001
UPID
US87-0556984
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
OFFICE BUILDING Current
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$805,000
MEDICAL BUILDING
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$700,000
RETAIL STORES
Est. value
$635,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Mack LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2900 BELLS RD, RICHMOND, VA 23234-1606
Ownership since
2023
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
Jan 2, 2025
—
Mack LLC
—
Deed
related
$720,000 · Chesapeake Bank
Jun 13, 2023
$625,000
Mack LLC
A Austin Wallace IV
Trustees Deed
related
—
Aug 29, 2018
—
Neighborhood Hsng Svcs Of Richmon
—
Deed
related
$50,000 · Private Individual
Jul 1, 2008
—
Neighborhood Hsng Srvcs Of Richmo
—
Trustees Deed
related
$350,000 · Suntrust Bk/tallahassee
—
—
Neighborhood Hsng Svcs Of Richmon
—
Deed Of Trust
related
$350,000 · Suntrust Mtg
—
—
Neighborhood Hsng Svcs Of Richmon
—
Deed Of Trust
related
$50,000 · Private Individual
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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