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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Flex space
2910 Leigh St Richmond, VA 23230-4528
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-3761873
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1946
Construction
TYPE NOT SPECIFIED
Total area
7,369 SF
Lot
0.24 ac (10,411 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1594-042
UPID
US87-3761873
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
-
Kobop Restaurant Take-out & Catering
-
Buskey Cider Bar & Pub
-
Urban Myth Street Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$409k
Blend (final)
Blend
$670k
Owner & transaction history
2910 W Leigh Street LLC · 4 yrs held
2910 W Leigh Street LLC
since 2022
Last sale
$716,431
4 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+44.3%
Retail stores
$1.1M
+39.8%
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
$625,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$760,000
Current use
WAREHOUSE, STORAGE
$1,095,000
Change: +44% · Conversion: Easy
RETAIL STORES
$1,060,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $716k (Feb 2 2022)
Last sale anchor
$716k
Feb 2 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
$91 / 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
$1,254,000
Assessed 2024
Previous assessed
$1,154,000
+8.7% YoY
Effective rate
0.00%
On assessed value
Assessed land
$757,000
Assessed improvement
$497,000
Land market value
$757,000
Improvement market value
$497,000
Total market value
$1,254,000
Applied tax rate
2.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1946
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
7,369 SF
Lot
0.24 ac (10,411 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1594-042
UPID
US87-3761873
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
INDUSTRIAL (GENERAL) Current
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1946
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
2910 W Leigh Street LLC
Entity
Mailing address
2910 W LEIGH ST, RICHMOND, VA 23230-4528
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
$716,431
2910 W Leigh Street LLC
The Diradour LLC
Special Warranty Deed
$350,000 · Atlantic Union Bank
May 6, 2014
$395,000
The Diradour LLC
Runita Properties LLC
Special Warranty Deed
$316,000 · Union First Market Bank
Feb 22, 2008
$482,000
Runita Properties LLC
Wernick Donald E & Lois B
Grant Deed
$192,800 · Provident Bk/cincinnati
—
—
Diradour LLC
—
Loan Modification
related
$500,000 · Union Bk&tr
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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