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Financial
Distress signals
Property profile

421 Franklin St Richmond, VA 23219

OFF-MARKET
Retail residential properties
Property ID
US87-0284087
13,622 SF 0.11 ac lot Built 1927
Last sale Mar 2025 · $3,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

421 E Franklin St is a mixed-use commercial and residential building located in Downtown Richmond within a French Quarter-style streetscape. The structure features intricate wrought-iron railing on upper-level balconies and provides ground-level and basement commercial space along with 10 residential units on the upper levels. The residential configuration consists of six one-bedroom units and four two-bedroom units; renovations were completed in 2019. The residences are described as having…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$2.59M
Assessed land$500k
Assessed improvement$2.09M
Effective rate0.00%

Value estimate

· Oct 2026
$2.75M
$2.48M – $3.03M
CAP approach$2.62M
Submarket $/SF estimate$2.18M

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

Recently sold

What actually traded nearby?
$118/SF
ZIP average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$64 – $160
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 Service9.4
Tailor Shop8.4
Tanning Salon7.8

Location

421 Franklin St Richmond, VA 23219-2205
County assessor Recorded deeds · 4 transfers 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
306 Grace, Richmond, VA 23219-1795 $2,200,000 Feb 2022 12,012 SF
210 Leigh, Richmond, VA 23219 $2,980,000 Dec 2021 15,130 SF
214 Grace, Richmond, VA 23219-1788 $3,220,000 Aug 2021 12,780 SF
213 Broad, Richmond, VA 23219-1735 $3,220,000 Aug 2021 10,425 SF
8 14th, Richmond, VA 23219-4106 $2,760,000 Jul 2021 13,392 SF
1409 Cary, Richmond, VA 23219-4220 $2,955,000 Dec 2018 13,530 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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