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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Apartment buildings
4032 Macarthur Ave Richmond, VA 23227-4061
Entity Owned
~
Est. High Equity
Property ID
US87-0041208
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
TYPE NOT SPECIFIED
Total area
3,040 SF
Lot
0.14 ac (6,286 SF)
Zoning code
B-1 NEIGHBORHOOD BUSINESS
APN
N-000-2180-008
UPID
US87-0041208
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
$580k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Flats On Macarthur LLC
Flats On Macarthur LLC
since 2025
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
B-1 NEIGHBORHOOD BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$630,000
6.5%
$580,000
7%
$540,000
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $650k (May 4 2025)
Last sale anchor
$650k
May 4 2025
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
$217 / 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
$650,000
Assessed 2024
Previous assessed
$650,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$90,000
Assessed improvement
$560,000
Land market value
$90,000
Improvement market value
$560,000
Total market value
$650,000
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
Off-Market
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
6
Bathrooms
1
Total area
3,040 SF
Lot
0.14 ac (6,286 SF)
Zoning code
B-1 NEIGHBORHOOD BUSINESS
APN
N-000-2180-008
UPID
US87-0041208
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-1 NEIGHBORHOOD BUSINESS · Richmond, VA
Zoning B-1 NEIGHBORHOOD BUSINESS · permitted uses
B-1 NEIGHBORHOOD BUSINESS · 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.
Building & site characteristics
From public records
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Flats On Macarthur LLC
Entity
Mailing address
PO BOX 2142, ASHLAND, VA 23005-5142
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2026
—
Flats On Macarthur LLC
—
Deed
related
$500,000 · South State Bank
Aug 4, 2025
$650,000
Flats On Macarthur LLC
4032macarthur LLC
Deed
$400,000 · Stanley Shield Partnership LLC
Mar 31, 2017
$630,000
4032 Macarthur LLC
Bellevue Dev LLC
Grant Deed
—
Feb 6, 2008
—
Bellevue Deve LLC
Robinson,jerry L
Grant Deed
related
—
Sep 25, 2006
$350,000
Jerry Robinson
Brian Rawls
Warranty Deed
$315,000 · Virginia First Savings
Dec 2, 2005
$317,500
Brian E Rawls
Arnodl Roser Daum
Warranty Deed
—
Jan 13, 1999
$150,000
Arnold Rosenbaum
Edwards,ethel S
Grant Deed
—
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.
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