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    Property profile & analytics

    4648 Richmond Hwy Richmond, VA 23234-3151

    • Retail space
    • 3,253 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US87-1246617
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 4648 Richmond Hwy

    Year built
    1959
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.18 lot acres
    Property size
    3,253 SF
    Zone code
    B-3 GENERAL BUSINESS
    Property type
    Retail space
    APN
    S-009-0422-010
    APU
    S0090422010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $290,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $265,000
      Mixed-Use
      $305,000
      Hospitality
      $305,000
      Educational
      $340,000
      Residential Income
      $255,000
      Energy
      $335,000
      Income-Based Land
      $335,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4431
    Latitude
    37.4629
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $20
    $99,000
    $167,000
    $266,000
    -
    $99,000
    $167,000
    $266,000

    Comparable in this City

    • Value Estimation by Request
      6,449 SF

      3906 Richmond Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,449 SF
      3906 Richmond Hwy, Richmond, VA 23234-2634
      View Details
    • Value Estimation by Request
      7,320 SF

      6469 Iron Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,320 SF
      6469 Iron Brg Rd, North Chesterfield, VA 23234-5205
      View Details
    • Value Estimation by Request
      7,150 SF

      3618 Richmond Hwy

      RETAIL STORES (PERSONAL SERVICES) • 7,150 SF
      3618 Richmond Hwy, Richmond, VA 23234-2628
      View Details
    • Value Estimation by Request
      5,200 SF

      4200 Richmond Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,200 SF
      4200 Richmond Hwy, Richmond, VA 23234-2716
      View Details
    • Value Estimation
      $220,000
      2,964 SF

      2606 Walmsley Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,964 SF
      2606 Walmsley Blvd, Richmond, VA 23234-3131
      View Details
    • Value Estimation by Request
      11,520 SF

      4201 Richmond Hwy

      RETAIL STORES (PERSONAL SERVICES) • 11,520 SF
      4201 Richmond Hwy, Richmond, VA 23234-2715
      View Details

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    Similar Nearby for Lease

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      Retail Space For Lease

      1,600 SF retail space with national co-tenants.
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      43,675 SF

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      26,666 SF flex space with I-95 visibility.
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    4648 Richmond Hwy
    Richmond, VA 23234-3151
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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