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Property profile & analytics
OFF-MARKET
Individual retail properties
407 Canal St Richmond, VA 23219-3811
Entity Owned
Free & Clear
Property ID
US87-1139291
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1925
Construction
TYPE NOT SPECIFIED
Total area
45,552 SF
Lot
1.59 ac (69,130 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
W-000-0030-007
UPID
US87-1139291
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
Current use
Occupant on record · Public records
-
Richmond Ballet Theater & Performing Art Venue Vocational School
-
Physical Therapy Solutions Physician
-
The Barre Boutique at Richmond Ballet Gym & Fitness Center
-
Jessica Hart Physician
-
Mary Cederholm Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
RICHMOND BALLET BUILDING CORP
RICHMOND BALLET BUILDING CORP
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,048,000
Assessed 2024
Previous assessed
$7,048,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,250,000
Assessed improvement
$5,798,000
Land market value
$1,250,000
Improvement market value
$5,798,000
Total market value
$7,048,000
Applied tax rate
6.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1925
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
45,552 SF
Lot
1.59 ac (69,130 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
W-000-0030-007
UPID
US87-1139291
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VAZoning B-4 CENTRAL BUSINESS · permitted uses
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1925
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
1.59 ac
Current owner
From public records · entity-resolved
RICHMOND BALLET BUILDING CORP
Entity
Free & Clear · 0 yrs held
Mailing address
407 E CANAL ST, RICHMOND, VA 23219-3811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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