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Property profile & analytics
OFF-MARKET
Estimated value
$2,890,000
Specialty properties
4204 Hermitage Rd Richmond, VA 23227-3755
Entity Owned
Free & Clear
Property ID
US87-1326516
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
46,128 SF
Lot
4.93 ac (214,533 SF)
Zoning code
R-53 MULTI FAMILY
APN
N-017-0228-007
UPID
US87-1326516
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
-
Virginia Rep Center for Arts and Education Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.89M
Owner & transaction history
Baps Richmond Hermitage LLC
Baps Richmond Hermitage LLC
since 2025
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
R-53 MULTI FAMILY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+109.5%
Auto repair, garage
$4.0M
+79.4%
Commercial (general)
$4.0M
+77.7%
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
$3,065,000
ML approach
$2,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$2,255,000
Current use
RESTAURANT
$4,725,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,045,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,005,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$3,720,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$3,455,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,885,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.18M · ±10% · vs last sale $2.75M (Jul 6 2025)
Last sale anchor
$2.75M
Jul 6 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
$63 / 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
$41,952
Tax year 2020
Assessed value
$3,496,000
Assessed 2024
Previous assessed
$6,174,000
-43.4% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,126,000
Assessed improvement
$2,370,000
Land market value
$1,126,000
Improvement market value
$2,370,000
Total market value
$3,496,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Rooms
25
Bathrooms
5
Total area
46,128 SF
Lot
4.93 ac (214,533 SF)
Zoning code
R-53 MULTI FAMILY
APN
N-017-0228-007
UPID
US87-1326516
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-53 MULTI FAMILY · Richmond, VA
Zoning R-53 MULTI FAMILY · permitted uses
R-53 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$2.3M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Rooms
25
Bathrooms
5
Lot
4.93 ac
Current owner
From public records · entity-resolved
Baps Richmond Hermitage LLC
Entity
Free & Clear · 0 yrs held
Mailing address
114 W BROAD ST, RICHMOND, VA 23220-4215
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
$2,750,000
Baps Richmond Hermitage LLC
Virginia Repertory Theatre
Special Warranty Deed
—
Oct 12, 2022
$3,500,000
Virginia Repertory Theatre
James H Atkinson JR
Special Warranty Deed
$3,033,000 · Townebank
Oct 12, 2022
—
Virginia Repertory Theatre
—
Deed
related
$3,033,000 · Townebank
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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