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Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Retail residential properties
310 33rd St Richmond, VA 23223-7545
Entity Owned
12-yr Hold
Free & Clear
Property ID
US87-0084903
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1904
Construction
BRICK
Total area
29,654 SF
Lot
0.5 ac (21,954 SF)
Zoning code
R-63 MULTI FAMILY URBAN R
APN
E-000-0811-001
UPID
US87-0084903
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
-
Lava Lofts Apartment Building
-
Railroad YMCA Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.32M
Blend (final)
Blend
$4.58M
Owner & transaction history
Many Lives LLC · 12 yrs held
Many Lives LLC
since 2014
4 recorded transactions
Zoning & alternative use
R-63 MULTI FAMILY URBAN R · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+52.1%
Medical building
$4.9M
+39.1%
Neighborhood: shopping center
$4.9M
+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)
$3,550,000
Current use
AUTO REPAIR, GARAGE
$5,400,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$4,940,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,870,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$4,385,000
Change: +23% · Conversion: Easy
RETAIL STORES
$4,270,000
Change: +20% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,055,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±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
$6,981,000
Assessed 2024
Previous assessed
$6,981,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$810,000
Assessed improvement
$6,171,000
Land market value
$810,000
Improvement market value
$6,171,000
Total market value
$6,981,000
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
1904
Construction
BRICK
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Units
50
Rooms
44
Bathrooms
50
Total area
29,654 SF
Lot
0.5 ac (21,954 SF)
Zoning code
R-63 MULTI FAMILY URBAN R
APN
E-000-0811-001
UPID
US87-0084903
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-63 MULTI FAMILY URBAN R · Richmond, VA
Zoning R-63 MULTI FAMILY URBAN R · permitted uses
R-63 MULTI FAMILY URBAN R · 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
$3.6M
AUTO REPAIR, GARAGE
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.4M
RETAIL STORES
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
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
1904
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
50
Rooms
44
Bathrooms
50
Lot
0.5 ac
Current owner
From public records · entity-resolved
Many Lives LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 518, KESWICK, VA 22947-0518
Ownership since
2014
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 21, 2014
$8,273,000
Many Lives LLC
Chimborazo Dev LLC
Grant Deed
—
Jun 23, 2006
$2,000,000
Chimborazo Development
Old Homes INC
Warranty Deed
$1,650,000 · Village Bank
—
—
Old Homes INC
—
Deed Of Trust
$1,200,000 · Provident Bk/cincinnati
—
—
Chimborazo Dev LLC
—
Deed Of Trust
related
$5,800,000 · Stellarone 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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