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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Apartment buildings
3110 Kensington Ave Richmond, VA 23221-2458
Trust Owned
1-yr Hold
Free & Clear
Property ID
US87-1066675
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1922
Construction
TYPE NOT SPECIFIED
Total area
10,980 SF
Lot
0.21 ac (9,000 SF)
Zoning code
R-6 SINGLE FAMILY ATTACHE
APN
W-000-1412-019
UPID
US87-1066675
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
by Request
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.74M
Owner & transaction history
Integrity Business Trust · 1 yrs held
Integrity Business Trust
since 2024
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
R-6 SINGLE FAMILY ATTACHE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+13.3%
Medical building
$1.8M
+3.6%
Neighborhood: shopping center
$1.8M
+2.2%
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%
$2,265,000
6.5%
$2,095,000
7%
$1,945,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,765,000
Current use
AUTO REPAIR, GARAGE
$2,000,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$1,830,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,805,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,735,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$1,625,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$1,580,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±10% · vs last sale $1.53M (Apr 23 2024)
Last sale anchor
$1.53M
Apr 23 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
$158 / 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
$2,034,000
Assessed 2024
Previous assessed
$2,034,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$297,000
Assessed improvement
$1,737,000
Land market value
$297,000
Improvement market value
$1,737,000
Total market value
$2,034,000
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1922
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
3
Units
12
Rooms
48
Bathrooms
12
Total area
10,980 SF
Lot
0.21 ac (9,000 SF)
Zoning code
R-6 SINGLE FAMILY ATTACHE
APN
W-000-1412-019
UPID
US87-1066675
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-6 SINGLE FAMILY ATTACHE · Richmond, VA
Zoning R-6 SINGLE FAMILY ATTACHE · permitted uses
R-6 SINGLE FAMILY ATTACHE · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1922
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
3
Units
12
Rooms
48
Bathrooms
12
Lot
0.21 ac
Current owner
From public records · entity-resolved
Integrity Business Trust
Trust
Free & Clear · 1 yrs held
Mailing address
2800 PATTERSON AVE STE #304, RICHMOND, VA 23221-1762
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
—
Integrity Business Trust
Kathryn V Chernau
Quit Claim Deed
related
—
Jul 23, 2024
$1,532,602
Integrity Business Trust
3110 Kensington LLC
Special Warranty Deed
—
Jul 23, 2024
$1,253,947
Integrity Business Trust
3116 Stuart LLC
Special Warranty Deed
$2,331,550 · Party III
Dec 21, 2010
—
3110 Kensington LLC
Hall & Sons LLC
Grant Deed
related
—
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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