Property profile

3700 Chapel Dr Richmond, VA 23224

OFF-MARKET
Apartment buildings
Property ID
US87-0635815
31,414 SF 2.99 ac lot Built 1945
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1945
Construction TYPE NOT SPECIFIED
Total area 31,414 SF
Lot 2.99 ac (130,462 SF)
Zoning code R-48 MULTI FAMILY
APN C-009-0038-005-B
UPID US87-0635815

Cap rate & NOI

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

Location

3700 Chapel Dr Richmond, VA 23224-3469
Richmond metro Census 70902 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.00M

Owner & transaction history

since 2025
Last sale
$4.8M
1 recorded transaction
2025
Price N/A

Zoning & alternative use

R-48 MULTI FAMILY · Richmond, VA

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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