Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3421 Hawthorne Ave Richmond, VA 23222-1821
    Back to Search
    Property profile & analytics

    3421 Hawthorne Ave, Richmond, VA 23222-1821

    View on Map
    • Specialty properties
    • 12,700 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US87-0841033
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lewis Ginter Recreation Association / Charitable Organization / Social Service Agency
    • Silver Tree Art / Art Gallery
    • River City Aikido / Training Center / Sports School

    Property Details for 3421 Hawthorne Ave

    Year built
    1900
    Construction
    WOOD
    Lot size
    1.04 lot acres
    Zone code
    R-1 SINGLE FAMILY
    Property type
    Specialty properties
    APN
    N-000-1345-033
    APU
    N0001345033

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 3, 2018 — Lewis Ginter Recreation Assn I — Deed · related $200k · Essexbank
    — — Lewis Ginter Recreation Assn I — Deed Of Trust · related $200k · Essexbank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4441
    Latitude
    37.5811
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $20
    $207,000
    $641,000
    $848,000
    -
    $207,000
    $641,000
    $848,000

    Comparable in this City

    • Value Estimation
      $615,000
      10,004 SF

      715 Brookland Park Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      715 Brookland Park Blvd, Richmond, VA 23222
      View Details
    • Value Estimation by Request
      4,000 SF

      2523 Chamberlayne Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2523 Chamberlayne Ave, Richmond, VA 23222-4214
      View Details
    • Value Estimation by Request
      23,126 SF

      1515 Chamberlayne Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1515 Chamberlayne Ave, Richmond, VA 23222-5205
      View Details
    • Value Estimation by Request
      5,180 SF

      2416 Chamberlayne Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2416 Chamberlayne Ave, Richmond, VA 23222-4206
      View Details
    • Value Estimation by Request
      8,700 SF

      3705 Carolina Ave

      CHARITABLE ORGANIZATION
      3705 Carolina Ave, Richmond, VA 23222-2254
      View Details
    • Value Estimation by Request
      14,296 SF

      2110 Laburnum Ave

      FUNERAL HOME
      2110 Laburnum Ave, Richmond, VA 23222-2413
      View Details

    Similar Nearby for Sale

    • $650,000
      Pending

      Highland Park Church Opportunity

      9,570 SF church in historic Highland Park neighborhood.
      2901 4Th Ave, Richmond, VA 23222
      View Details
    • $2,125,000

      Richmond Industrial Building For Sale

      20,363 SF industrial building in Richmond, renovated in 1990.
      1606 Magnolia St, Richmond, VA 23222
      View Details
    • Contact for pricing

      Richmond Opportunity Zone Land Parcel

      Two-acre commercial land parcel in North Richmond's Opportunity Zone.
      3810 Meadowbridge Rd, Richmond, VA 23222
      View Details
    • Contact for pricing
      20,363 SF

      Versatile Industrial Building in Richmond

      20,363 SF industrial building in Richmond's dynamic Northside district.
      1606 Magnolia St, Richmond, VA 23222
      View Details
    • Contact for pricing
      5,692 SF

      Richmond Multifamily Investment Opportunity

      Stabilized multifamily asset with value-add potential in Richmond.
      2000 Lamb Ave, Richmond, VA 23222
      View Details
    • $120,000

      Commercial Lot Near Richmond Raceway

      Commercial lot available near Richmond Raceway and Amazon Robotics Center.
      510 Savannah Ave, Richmond, VA 23222
      View Details

    Similar Nearby for Lease

    • $5,800 /Mo
      17,184 SF

      Versatile Building in Prime Location

      Functional space with redevelopment potential in a growing area.
      2700 North Ave, Richmond, VA 23222
      View Details
    • $5,800 /Mo
      16,988 SF

      Versatile Building in Prime Location

      Functional space suitable for various uses in a growing area.
      2700 North Ave, Richmond, VA 23222
      View Details
    • Contact for pricing
      126,000 SF

      Richmond Industrial Park Multi-Tenant Space

      Richmond multi-tenant industrial park with highway access and rail.
      4101-4127 Carolina Ave, Richmond, VA 23222
      View Details
    • Contact for pricing
      86,000 SF

      Warehouse Space in Enterprise Zone

      Up to 41,000 SF available in Henrico County.
      3905-3911 Carolina Ave, Richmond, VA 23222
      View Details
    • Contact for pricing
      2,294 SF

      Retail/Office Space with Patio

      4,203 SF retail/office space with outdoor patio.
      2900 Chamberlayne Ave, Richmond, VA 23222
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3421 Hawthorne Ave
    Richmond, VA 23222-1821
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3421 Hawthorne Ave, Richmond, VA, 23222
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!