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Property profile & analytics
FOR SALE
Apartment buildings
401 E Brookland Park Blvd Richmond, VA 23222
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-0048526
For Sale
1 / 47
$2,500,000
401 E Brookland Park Blvd, Richmond, VA 23222
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD
Total area
17,696 SF
Lot
1.06 ac (46,174 SF)
Zoning code
R-48 MULTI FAMILY
APN
N-000-0898-030
UPID
US87-0048526
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
Tjc Realty 401 Brookland LLC A Virg · 8 yrs held
Tjc Realty 401 Brookland LLC A Virg
since 2017
5 recorded transactions
Zoning & alternative use
R-48 MULTI FAMILY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+3.6%
Neighborhood: shopping center
$2.9M
+2.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,845,000
Current use
MEDICAL BUILDING
$2,950,000
Change: +4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,905,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,795,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$2,615,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$2,550,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10%
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
$108 / 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
$2,052,000
Assessed 2024
Previous assessed
$1,811,000
+13.3% YoY
Effective rate
0.00%
On assessed value
Assessed land
$260,000
Assessed improvement
$1,792,000
Land market value
$260,000
Improvement market value
$1,792,000
Total market value
$2,052,000
Applied tax rate
3.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1967
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
26
Rooms
88
Bathrooms
4
Total area
17,696 SF
Lot
1.06 ac (46,174 SF)
Zoning code
R-48 MULTI FAMILY
APN
N-000-0898-030
UPID
US87-0048526
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-48 MULTI FAMILY · Richmond, VA
Zoning R-48 MULTI FAMILY · permitted uses
R-48 MULTI FAMILY · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1967
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
26
Rooms
88
Bathrooms
4
Lot
1.06 ac
Current owner
From public records · entity-resolved
Tjc Realty 401 Brookland LLC A Virg
Entity
Mailing address
1401 E CARY ST, RICHMOND, VA 23219-4220
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2017
$1,550,000
Tjc Realty 401 Brookland LLC A Virg
North Brook LLC A Virginia Limited
Warranty Deed
$1,165,000 · Hunt Mortgage Partners LLC
Feb 28, 2014
$2,670,000
North Brook LLC
Evecon Investments LLC
Grant Deed
$2,002,500 · Citizens & Farmers Bk
Sep 25, 2008
$600,000
Evecon Investments LLC
Viking Investment Propert
Warranty Deed
$1,010,000 · Suntrust Bank
Aug 30, 2004
$775,000
Chesapeake Management LLC
Viking Investment Properties LLC
Grant Deed
$675,000 · Viking Investment Properties
—
—
Viking Investment Properties
—
Deed Of Trust
related
$250,000 · Superior Mtg Ln Svcs
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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