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Property profile & analytics
OFF-MARKET
Estimated value
$3,445,000
Parking lots & garages
423 Hull St Richmond, VA 23224
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3822164
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1970
Construction
STEEL FRAME
Total area
84,592 SF
Lot
2.19 ac (95,222 SF)
Zoning code
B-7 CENTRAL BUSINESS
APN
S-000-0054-001
UPID
US87-3822164
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
Cbd Dev LLC · 12 yrs held
Cbd Dev LLC
since 2013
6 recorded transactions
Zoning & alternative use
B-7 CENTRAL 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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
$4,402,000
Assessed 2024
Previous assessed
$3,239,000
+35.9% YoY
Effective rate
0.00%
On assessed value
Assessed land
$4,380,000
Assessed improvement
$22,000
Land market value
$4,380,000
Improvement market value
$22,000
Total market value
$4,402,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
YES
Stories
1
Total area
84,592 SF
Lot
2.19 ac (95,222 SF)
Zoning code
B-7 CENTRAL BUSINESS
APN
S-000-0054-001
UPID
US87-3822164
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-7 CENTRAL BUSINESS · Richmond, VA
Zoning B-7 CENTRAL BUSINESS · permitted uses
B-7 CENTRAL 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
1970
Construction
STEEL FRAME
Heating
YES
Stories
1
Lot
2.19 ac
Current owner
From public records · entity-resolved
Cbd Dev LLC
Entity
Mailing address
11100 W BROAD ST, GLEN ALLEN, VA 23060-5813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2016
—
Cbd Dev LLC
—
Deed
related
$39,600,000 · Union Bk&tr
Oct 15, 2014
—
Cbd Dev LLC
—
Deed Of Trust
related
$37,065,599 · Union First Market Bk
Dec 4, 2013
$9,250,000
Cbd Dev LLC
Pactiv LLC
Grant Deed
$6,450,000 · Franklin Fsb
Nov 10, 2009
$15,788,342
Reynolds Packaging LLC
Reynolds Foil INC
Grant Deed
related
—
Mar 5, 2008
$11,193,000
Reynolds Foils INC
Reynolds Metals
Grant Deed
related
—
—
—
Cbd Dev LLC
—
Loan Modification
related
$39,600,000 · Union Bk&tr
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.
Try Rey
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