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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Retail space
3301 Richmond Hwy Richmond, VA 23234-2131
Individually Owned
4-yr Hold
Free & Clear
Property ID
US87-0596016
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
9,360 SF
Lot
1.41 ac (61,507 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
S-008-0706-001
UPID
US87-0596016
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
$1.46M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.52M
Owner & transaction history
Bruce J Howard JR · 4 yrs held
Bruce J Howard JR
since 2022
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+26.4%
Medical building
$1.6M
+15.6%
Neighborhood: shopping center
$1.5M
+14.0%
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
$1,510,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
$1,705,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,350,000
Current use
AUTO REPAIR, GARAGE
$1,705,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$1,560,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,540,000
Change: +14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,505,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,480,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$1,385,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.73M (May 26 2022)
Last sale anchor
$1.73M
May 26 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
$162 / 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
$1,225,000
Assessed 2024
Previous assessed
$1,212,000
+1.1% YoY
Effective rate
0.00%
On assessed value
Assessed land
$277,000
Assessed improvement
$948,000
Land market value
$277,000
Improvement market value
$948,000
Total market value
$1,225,000
Applied tax rate
8.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
1
Total area
9,360 SF
Lot
1.41 ac (61,507 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
S-008-0706-001
UPID
US87-0596016
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Zoning B-3 GENERAL BUSINESS · permitted uses
B-3 GENERAL BUSINESS · 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
RETAIL STORES Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2011
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Bruce J Howard JR
Individual
Free & Clear · 4 yrs held
Mailing address
116 MUNFORD DR, LOUISBURG, NC 27549-2175
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
May 26, 2022
$1,725,000
Bruce J Howard JR
Wtk Enterprises LLC
Warranty Deed
—
Oct 31, 2011
$1,339,239
Wtk Enterprises LLC
Richmond Ruffin Dvp V LLC
Special Warranty Deed
$1,339,239 · John Marshall Bank
Apr 1, 2011
—
Richmond Dvpv LLC
Wells Fargo Bank NA
Quit Claim Deed
related
—
Apr 1, 2011
$275,000
Richmond Ruffin Dvp V LLC
Wells Fargo Bk NA
Grant Deed
—
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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