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Property profile & analytics
OFF-MARKET
Estimated value
$5,160,000
Manufacturing properties
4400 Vawter Ave Richmond, VA 23222-1406
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0409367
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1986
Total area
40,458 SF
Lot
9.7 ac (422,532 SF)
Zoning code
M-2
APN
799-739-2764
UPID
US87-0409367
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
-
Ennis Flint Industrial Manufacturer Production Facility
-
ENNIS Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
$6.43M
Blend (final)
Blend
$5.16M
Owner & transaction history
Ennis Paint INC · 19 yrs held
Ennis Paint INC
since 2007
1 recorded transaction
Zoning & alternative use
M-2 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Screening regulations in the M-2 Heavy Industrial District shall be as follows: (1) Where a side lot line abuts property in an R district, there shall be a continuous evergreen vegetative screen or opaque structural fence or wall not less than six feet in height erected along such lot line, but not within 15 feet of any street line. Evergreen vegetative mate…
Zone name
Heavy Industrial District
General category
INDUSTRIAL
Zone area
3,250.70 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$7.4M
+76.8%
Medical building
$6.7M
+61.7%
Neighborhood: shopping center
$6.6M
+59.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,275,000
6.5%
$3,945,000
7%
$3,665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,170,000
Current use
AUTO REPAIR, GARAGE
$7,370,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$6,740,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,645,000
Change: +59% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,505,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,390,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$5,985,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±10%
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
$128 / 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
$19,958
Tax year 2024
Assessed value
$2,251,100
Assessed 2024
Previous assessed
$2,251,100
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$495,300
Assessed improvement
$1,755,800
Land market value
$495,300
Improvement market value
$1,755,800
Total market value
$2,251,100
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1986
Heating
SPACE
Stories
1
Total area
40,458 SF
Lot
9.7 ac (422,532 SF)
Zoning code
M-2
APN
799-739-2764
UPID
US87-0409367
Jurisdiction
HENRICO
Zoning & alternative use
M-2 · Richmond, VAZoning M-2 · permitted uses
M-2 · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Screening regulations in the M-2 Heavy Industrial District shall be as follows: (1) Where a side lot line abuts property in an R district, there shall be a continuous evergreen vegetative screen or opaque structural fence or wall not less than six feet in height erected along such lot line, but not within 15 feet of any street line. Evergreen vegetative material intended to satisfy this subsection shall be of the specified height at the time of installation and shall be planted at such intervals that will result in a continuous visual screen within one year of planting. (2) Screening of parking areas and refuse areas shall be provided as set forth in Sections 30-660 and 30-710.12 . (3) Automobile junkyards and similar uses involving outside storage of scrapped or junked materials shall be screened from view from public streets, public spaces and adjacent properties in an R or RO district by opaque structural fences or walls not less than six feet in height. (Code 1993, § 32-454.5; Code 2004, § 114-454.5; Code 2015, § 30-454.5)
Zone name
Heavy Industrial District
General category
INDUSTRIAL
Zone area
3,250.70 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.0M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
SPACE
Stories
1
Lot
9.7 ac
Current owner
From public records · entity-resolved
Ennis Paint INC
Entity
Mailing address
4161 PIEDMONT PKWY STE #370, GREENSBORO, NC 27410-8176
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2007
—
Ennis Paint INC
—
Trustees Deed
related
$1,400,000 · Bank Of Scotland
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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