Property profile

3305 Grace St Richmond, VA 23221

OFF-MARKET
Apartment buildings
Property ID
US87-1241504
6,270 SF 0.13 ac lot Built 1921
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1921
Construction BRICK
Total area 6,270 SF
Lot 0.13 ac (5,523 SF)
Zoning code R-6 SINGLE FAMILY ATTACHE
APN W-000-1522-014
UPID US87-1241504

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3305 Grace St Richmond, VA 23221-1328
Richmond metro Census 40700 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$715k

Owner & transaction history

since 2014
5 recorded transactions
2020
Price N/A
2016
Price N/A
2014
$460,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-6 SINGLE FAMILY ATTACHE · Richmond, VA
Top alternative use upside
Auto repair, garage $1.1M +13.3%
Medical building $1.0M +3.6%
Neighborhood: shopping center $1.0M +2.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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