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Property profile & analytics
OFF-MARKET
Estimated value
$21,340,000
Warehouses
4300 Carolina Ave, Richmond, VA 23222-1414
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-0411324
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
220,029 SF
Lot
18.3 ac (797,148 SF)
Zoning code
MIXE
APN
797-741-6372
UPID
US87-0411324
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
-
Brass Beds of Virginia Inc Furniture & Home Goods Home Decor Store
-
Worthen Custom Iron & Brass Furniture Production Facility Factory
-
Lee Michaels Fine Jewelry (Bike/Boat/Book/etc) Store
-
West End Printing Co Marketing & Advertising Printing Service
-
West End Printing (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.38M
Blend (final)
Blend
$21.34M
Owner & transaction history
Richmond Cc Owner LLC
Richmond Cc Owner LLC
since 2025
Last sale
$22.3M
5 recorded transactions
Zoning & alternative use
MIXE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$35.4M
+63.2%
Commercial (general)
$34.7M
+60.3%
Office building
$32.5M
+50.1%
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
$19,485,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,680,000
Current use
APARTMENT HOUSE (5+ UNITS)
$35,370,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$34,745,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$32,540,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$21.34M
Range $19.21M – $23.47M · ±10% · vs last sale $22.25M (Apr 15 2022)
Last sale anchor
$22.25M
Apr 15 2022
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
$97 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$118,223
Tax year 2024
Assessed value
$13,480,000
Assessed 2024
Previous assessed
$13,480,000
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$960,800
Assessed improvement
$12,519,200
Land market value
$960,800
Improvement market value
$12,519,200
Total market value
$13,480,000
Applied tax rate
4.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
220,029 SF
Lot
18.3 ac (797,148 SF)
Zoning code
MIXE
APN
797-741-6372
UPID
US87-0411324
Jurisdiction
HENRICO
Zoning & alternative use
MIXE · Richmond, VA
Zoning MIXE · permitted uses
MIXE · 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
WAREHOUSE, STORAGE Current
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$35.4M
COMMERCIAL (GENERAL)
Est. value
$34.7M
OFFICE BUILDING
Est. value
$32.5M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1985
Heating
NONE
Cooling
Yes
Stories
1
Lot
18.3 ac
Current owner
From public records · entity-resolved
Richmond Cc Owner LLC
Entity
Mailing address
600 E LABURNUM AVE, RICHMOND, VA 23222-2207
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2025
$24,100,000
Richmond Cc Owner LLC
Exeter 4300 Carolina LLC
Special Warranty Deed
$192,060,000 · Wells Fargo Bank NA
Dec 20, 2024
—
Exeter 4300 Carolina LLC
—
Deed
related
$367,000,000 · Wells Fargo Bank National Association
Apr 15, 2022
$22,250,000
Exeter 4300 Carolina LLC
Lcp 4300 Carolina Property Owner Ll
Special Warranty Deed
—
Apr 1, 2021
$7,800,000
Lcp 4300 Carolina Property Owner Ll
Richmond International Raceway LLC
Special Warranty Deed
$9,860,494 · South State Bank NA
Nov 20, 2009
$7,842,100
Richmond Intl Raceway INC
Liberty Property
Warranty 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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