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Property profile & analytics
OFF-MARKET
Estimated value
$4,455,000
Investment properties
4708 Old Main St Richmond, VA 23231-3038
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-0794538
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
18,977 SF
Lot
0.27 ac (11,631 SF)
Zoning code
RF-1 RIVERFRONT DISTRICT
APN
E-000-0996-004
UPID
US87-0794538
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
-
The Boathouse at Rocketts Landing Restaurant
-
Dinner in the Field Hotel & Motel Resort
-
Rocketts Landing Volleyball Courts Sports Field & Court
-
Sea Suite Cruises RVA (Bike/Boat/Book/etc) Store
-
Virginia Boat Club Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$4.46M
Owner & transaction history
Rocketts View Holdings LLC
Rocketts View Holdings LLC
since 2026
Last sale
$5.5M
2 recorded transactions
Zoning & alternative use
RF-1 RIVERFRONT DISTRICT · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+78.2%
Auto repair, garage
$3.5M
+15.4%
Medical building
$3.2M
+5.5%
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%
$3,950,000
6.5%
$3,645,000
7%
$3,385,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,995,000
Current use
RESTAURANT
$5,340,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,455,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$3,160,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,120,000
Change: +4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,050,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$2,805,000
Change: -6% · Conversion: Easy
RETAIL STORES
$2,735,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$4.46M
Range $4.01M – $4.90M · ±10% · vs last sale $5.50M (Feb 12 2026)
Last sale anchor
$5.50M
Feb 12 2026
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
$235 / 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
$3,296,000
Assessed 2024
Previous assessed
$3,296,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$406,000
Assessed improvement
$2,890,000
Land market value
$406,000
Improvement market value
$2,890,000
Total market value
$3,296,000
Applied tax rate
7.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Total area
18,977 SF
Lot
0.27 ac (11,631 SF)
Zoning code
RF-1 RIVERFRONT DISTRICT
APN
E-000-0996-004
UPID
US87-0794538
Jurisdiction
RICHMOND CITY
Zoning & alternative use
RF-1 RIVERFRONT DISTRICT · Richmond, VA
Zoning RF-1 RIVERFRONT DISTRICT · permitted uses
RF-1 RIVERFRONT DISTRICT · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Rocketts View Holdings LLC
Entity
Mailing address
3901 WESTERRE PKWY STE #100, RICHMOND, VA 23233-1341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
$5,500,000
Rocketts View Holdings LLC
Cvi Powerplant LLC
Special Warranty Deed
$8,550,000 · South State Bank NA
Jan 20, 2026
—
Ctrl Va Investments Rocketts Landin
Ctrl Va Investments Rocketts Landin
Deed
related
—
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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