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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Distribution centers
2900 Bells Rd Richmond, VA 23234-1606
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-3959776
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
4,060 SF
Lot
1.99 ac (86,467 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
C-009-0800-008
UPID
US87-3959776
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
-
Ty's Hauling & Paving Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$720k
Owner & transaction history
Mack LLC · 2 yrs held
Mack LLC
since 2024
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$740,000
+84.9%
Medical building
$675,000
+69.1%
Neighborhood: shopping center
$665,000
+66.7%
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%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$740,000
Change: +85% · Conversion: Easy
MEDICAL BUILDING
$675,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$640,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $775k (Apr 8 2024)
Last sale anchor
$775k
Apr 8 2024
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
$177 / 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
$849,000
Assessed 2024
Previous assessed
$836,000
+1.6% YoY
Effective rate
0.00%
On assessed value
Assessed land
$279,000
Assessed improvement
$570,000
Land market value
$279,000
Improvement market value
$570,000
Total market value
$849,000
Applied tax rate
8.0000
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
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
8
Bathrooms
1
Total area
4,060 SF
Lot
1.99 ac (86,467 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
C-009-0800-008
UPID
US87-3959776
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Zoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT 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
AUTO REPAIR, GARAGE
Est. value
$740,000
MEDICAL BUILDING
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$640,000
OFFICE BUILDING
Est. value
$600,000
RETAIL STORES
Est. value
$585,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
8
Bathrooms
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Mack LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2900 BELLS RD, RICHMOND, VA 23234-1606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
$775,000
Mack LLC
Cp 2900 Chamberlayne LLC
Special Warranty Deed
—
Jun 15, 2023
—
Tys Hauling And Paving INC
—
Deed
related
$750,000 · Chesapeake Bank
Apr 21, 2020
—
Tys Hauling & Paving INC
—
Deed
related
$2,325,000 · Chesapeake Bk
Aug 23, 2019
—
Mack LLC
—
Deed
related
$745,113 · Bank Of America
Nov 4, 2004
—
Mack LLC
Tys Hauling & Paving INC
Grant Deed
related
—
Dec 12, 2003
$465,000
Hauling Tys
Rollins Leasing LLC
Grant Deed
$375,872 · Bank Of America
—
—
Mack LLC
—
Deed Of Trust
related
$520,000 · Bank Of America
—
—
Mack LLC
—
Deed Of Trust
related
$745,113 · Bank Of America
—
—
Tys Hauling & Paving INC
—
Deed Of Trust
related
$2,325,000 · Chesapeake 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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