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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Flex space
3101 Clay St Richmond, VA 23230
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0868245
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1940
Construction
TYPE NOT SPECIFIED
Total area
3,536 SF
Lot
0.35 ac (15,298 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1712-008
UPID
US87-0868245
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.72M
Owner & transaction history
1320 Summit LLC · 3 yrs held
1320 Summit LLC
since 2022
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,540,000
ML approach
$2,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±10% · vs last sale $2.90M (Dec 9 2022)
Last sale anchor
$2.90M
Dec 9 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
$769 / 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
$1,777,000
Assessed 2024
Previous assessed
$1,645,000
+8.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,009,000
Assessed improvement
$768,000
Land market value
$1,009,000
Improvement market value
$768,000
Total market value
$1,777,000
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
1940
Construction
TYPE NOT SPECIFIED
Heating
YES
Buildings
4
Stories
1
Bathrooms
0
Total area
3,536 SF
Lot
0.35 ac (15,298 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1712-008
UPID
US87-0868245
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.
Building & site characteristics
From public records
Year built
1940
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Buildings
4
Bathrooms
0
Lot
0.35 ac
Current owner
From public records · entity-resolved
1320 Summit LLC
Entity
Mailing address
PO BOX 8643, RICHMOND, VA 23226-0643
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
Dec 9, 2022
$2,900,000
1320 Summit LLC
Summit Stables LLC
Warranty Deed
related
$2,635,000 · First Community Bank
Mar 6, 2018
—
Summit Stables LLC
—
Deed
related
$100,000 · Sonabank NA
Apr 15, 2016
$395,000
Summit Stables LLC
City Of Richmond Va
Grant Deed
$915,000 · Sonabank NA
—
—
Summit Stables LLC
—
Deed Of Trust
related
$100,000 · Sonabank NA
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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