Financial
Distress signals
Property profile

402 2nd St Richmond, VA 23219

OFF-MARKET
Retail space
Property ID
US87-1151898
1,968 SF 0.06 ac lot Built 1986
Last sale Dec 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property is a 2,700-square-foot building configured for foodservice and related retail uses, including a second-generation bakery and coffee shop setup. Features include sidewalk seating, a studio space, and an on-site apartment. The building is suitable for operation as a coffee shop, restaurant, or retail/individual retail space, based on its existing layout and equipment provisions.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$263k
Assessed land$114k
Assessed improvement$149k
Effective rate0.01%

Value estimate

· Sep 2026
$215k
$194k – $237k
AI approach$215k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$144/SF
Submarket average, outlier-cleaned · 175 recorded sales of this use type
Observed band · Q1–Q3$83 – $232
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-4 CENTRAL BUSINESS
JurisdictionRICHMOND CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.9
Tailor Shop9.8
Locksmith9.2

Location

402 2nd St Richmond, VA 23219-1704
County assessor Recorded deeds · 1 transfer 6 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12 Marshall, Richmond, VA 23219-1744 $480,000 Feb 2026 4,205 SF
214 Broad, Richmond, VA 23219-1736 $950,000 Jan 2025 3,240 SF
617 2nd, Richmond, VA 23219-1311 $310,000 Nov 2023 2,100 SF
402 Grace, Richmond, VA 23219-1838 $435,000 Sep 2023 3,400 SF
7 Cary, Richmond, VA 23219-3732 $690,000 Jul 2020 3,040 SF
201 2nd, Richmond, VA 23219-1723 $925,000 Jul 2019 3,796 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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