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Property profile & analytics
OFF-MARKET
Manufacturing properties
4901 Leigh St Richmond, VA 23230-2808
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0651344
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1962
Total area
6,813 SF
Lot
0.21 ac (9,060 SF)
Zoning code
M-1
APN
774-738-3235
UPID
US87-0651344
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
-
Flour Garden Bakery Bakery Specialty Food Shop
-
Hariom's Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Baking Arts LLC · 7 yrs held
Baking Arts LLC
since 2019
5 recorded transactions
Zoning & alternative use
M-1 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Screening regulations in the M-1 Light Industrial District shall be as follows: (1) Where a side lot line abuts a 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 ma…
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
2,590.31 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,739
Tax year 2024
Assessed value
$754,200
Assessed 2024
Previous assessed
$754,200
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$40,800
Assessed improvement
$713,400
Land market value
$40,800
Improvement market value
$713,400
Total market value
$754,200
Applied tax rate
3.0000
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
1962
Heating
FORCED AIR
Stories
1
Total area
6,813 SF
Lot
0.21 ac (9,060 SF)
Zoning code
M-1
APN
774-738-3235
UPID
US87-0651344
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Richmond, VAZoning M-1 · permitted uses
M-1 · 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-1 Light Industrial District shall be as follows: (1) Where a side lot line abuts a 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 . (Code 1993, § 32-452.3; Code 2004, § 114-452.3; Code 2015, § 30-452.3)
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
2,590.31 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1962
Heating
FORCED AIR
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Baking Arts LLC
Entity
Mailing address
8966 TARRYTOWN DR, HENRICO, VA 23229-7157
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Feb 14, 2020
—
Baking Arts LLC
—
Deed
related
$1,100,000 · Frontier Community Bank
Mar 1, 2019
$500,000
Baking Arts LLC
Dilip H Vaswani
Warranty Deed
$450,000 · Frontier Community Bank
Dec 8, 2004
—
Dilip H Vaswani
Vaswani,dilip H & Nari H
Quit Claim Deed
related
—
Mar 17, 1999
$225,000
Dilip Vaswani
Langhorn,charles
Grant Deed
—
—
—
Dilip H Vaswani
—
Deed Of Trust
related
$4,400,000 · Hana Small Business Lending
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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