Realmo Analytics

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Property profile

3318 W Cary St Richmond, VA 23221

FOR LEASE
Medical Office Space
Property ID
US87-0709201
2,943 SF 0.09 ac lot Built 1959
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
3318 W Cary St, Richmond, VA 23221 For Lease
$5,395/Mo 2,943 SF available
3318 W Cary St, Richmond, VA 23221
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$765k
Assessed land$296k
Assessed improvement$469k
Effective rate0.00%

Value estimate

· Oct 2026
$440k
$396k – $484k
AI approach$265k
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$4k
Operating expenses−$14k
NOI · 595.37% cap applied$32k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$167/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$89 – $257
Qualifying comparables3

Cap rate analysis

How does the asset earn?
595.37%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
UB-PO2 PARKING OVERLAY
JurisdictionRICHMOND CITY

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.6
Daycare Center10.0
Storage Facility9.6

Location

3318 W Cary St Richmond, VA 23221
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 17 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3536 Grv, Richmond, VA 23221-2200 $2,492,038 Apr 2024 7,708 SF
25 Nansemond, Richmond, VA 23221-2746 $319,200 Jun 2022 1,732 SF
3312 Cary, Richmond, VA 23221-3404 $3,800,000 Apr 2022 11,816 SF
3300 Grv, Richmond, VA 23221-2868 $353,000 Feb 2019 1,840 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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