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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
4900 Fitzhugh Ave Richmond, VA 23230-3510
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-3952042
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1963
Construction
TYPE NOT SPECIFIED
Total area
9,000 SF
Lot
0.43 ac (18,750 SF)
Zoning code
R-02 RESIDENTIAL OFFICE
APN
W-019-0047-012
UPID
US87-3952042
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
-
Dallan Construction Construction Company General Contractor
-
Dallan Development Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.41M
Owner & transaction history
Richard Fitzhugh Building LLC · 5 yrs held
Richard Fitzhugh Building LLC
since 2021
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
R-02 RESIDENTIAL OFFICE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+34.1%
Medical building
$1.5M
+22.6%
Neighborhood: shopping center
$1.5M
+21.0%
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
$1,200,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,220,000
Current use
AUTO REPAIR, GARAGE
$1,640,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,500,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,480,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,445,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$1,340,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,295,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.60M (Jun 1 2021)
Last sale anchor
$1.60M
Jun 1 2021
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
$156 / 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
$1,404,000
Assessed 2024
Previous assessed
$1,316,000
+6.7% YoY
Effective rate
0.00%
On assessed value
Assessed land
$531,000
Assessed improvement
$873,000
Land market value
$531,000
Improvement market value
$873,000
Total market value
$1,404,000
Applied tax rate
1.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1963
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Total area
9,000 SF
Lot
0.43 ac (18,750 SF)
Zoning code
R-02 RESIDENTIAL OFFICE
APN
W-019-0047-012
UPID
US87-3952042
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-02 RESIDENTIAL OFFICE · Richmond, VA
Zoning R-02 RESIDENTIAL OFFICE · permitted uses
R-02 RESIDENTIAL OFFICE · 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
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1963
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Richard Fitzhugh Building LLC
Entity
Mailing address
6500 FIRE LN, MECHANICSVILLE, VA 23116-4834
Ownership since
2021
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
Jun 1, 2021
$1,600,000
Richard Fitzhugh Building LLC
Dallan Investment LLC
Warranty Deed
$1,280,000 · First Citizens Bank & Trust Company
May 27, 2021
—
Richard W Robertson
Dallan Development LLC
Deed
—
Feb 17, 2017
—
Dallan Dev LLC
—
Trustees Deed
related
$525,000 · Essex Bk
Jul 14, 2005
$790,000
Dallan Development L L C
Ramon T Myaing
Warranty Deed
$745,000 · Wachovia Bank National As
Nov 1, 2004
$715,000
Myaing,ramon T & Martha
4900 Fitzhugh LLC
Grant Deed
$536,250 · Bank Of Richmond
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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