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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Distribution centers
2915 Leigh St, Richmond, VA 23230-4527
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-3877255
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1925
Construction
TYPE NOT SPECIFIED
Total area
5,480 SF
Lot
0.2 ac (8,625 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1592-016
UPID
US87-3877255
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
-
Familiar Creatures, LLC Advertising Agency Marketing & Advertising
-
YOGA Accessories Gym & Fitness Center
-
Pricewalker Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Leigh Street LLC · 8 yrs held
Leigh Street LLC
since 2018
6 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
$1.0M
+22.5%
Medical building
$915,000
+12.0%
Neighborhood: shopping center
$900,000
+10.5%
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%
$865,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$815,000
Current use
AUTO REPAIR, GARAGE
$1,000,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$915,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$880,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$790,000
Change: -3% · Conversion: Moderate
OFFICE BUILDING
$745,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$115 / 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
$1,506,000
Assessed 2024
Previous assessed
$1,414,000
+6.5% YoY
Effective rate
0.00%
On assessed value
Assessed land
$697,000
Assessed improvement
$809,000
Land market value
$697,000
Improvement market value
$809,000
Total market value
$1,506,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1925
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
2
Total area
5,480 SF
Lot
0.2 ac (8,625 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1592-016
UPID
US87-3877255
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
WAREHOUSE, STORAGE Current
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$880,000
RETAIL STORES
Est. value
$790,000
OFFICE BUILDING
Est. value
$745,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE 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
1925
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Leigh Street LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7204 GLN FRST DR STE #300, RICHMOND, VA 23226-3783
Ownership since
2018
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
May 7, 2020
—
Leigh Street LLC
—
Deed
related
$475,000 · Virginia Cu
May 8, 2018
$637,500
Leigh Street LLC
2915 W Leigh St LLC
Grant Deed
related
—
Dec 28, 2017
$637,500
Leigh Street LLC
2915 W Leigh St LLC
Warranty Deed
related
—
Sep 30, 2016
$462,500
2915 W Leigh St LLC
Walkerprice LLC
Grant Deed
$577,000 · Union Bk&tr
Oct 11, 2005
$160,140
Walkerprice LLC
Richardson,terril J & Norma T
Grant Deed
—
—
—
Leigh Street LLC
—
Deed Of Trust
related
$475,000 · Virginia Cu
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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