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Property profile & analytics
OFF-MARKET
Flex space
500 Albany Ave Richmond, VA 23224-5512
Individually Owned
2-yr Hold
Free & Clear
Property ID
US87-0016527
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
5,100 SF
Lot
0.3 ac (12,874 SF)
Zoning code
M-2 HEAVY INDUSTRIAL
APN
S-000-0271-005
UPID
US87-0016527
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
-
Chase Architectural Metal Metal Fabrication Plant Factory
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
Robert Scott Chase · 2 yrs held
Robert Scott Chase
since 2023
Last sale
$523,206
7 recorded transactions
Zoning & alternative use
M-2 HEAVY INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$233,000
Assessed 2024
Previous assessed
$207,000
+12.6% YoY
Effective rate
0.01%
On assessed value
Assessed land
$142,000
Assessed improvement
$91,000
Land market value
$142,000
Improvement market value
$91,000
Total market value
$233,000
Applied tax rate
6.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
5,100 SF
Lot
0.3 ac (12,874 SF)
Zoning code
M-2 HEAVY INDUSTRIAL
APN
S-000-0271-005
UPID
US87-0016527
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-2 HEAVY INDUSTRIAL · Richmond, VA
Zoning M-2 HEAVY INDUSTRIAL · permitted uses
M-2 HEAVY INDUSTRIAL · 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.
Building & site characteristics
From public records
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Robert Scott Chase
Individual
Free & Clear · 2 yrs held
Mailing address
14 GAYLE LN, MATHEWS, VA 23109-2289
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
Robert Scott Chase
Robert S Chase
Intrafamily Transfer
related
—
Oct 13, 2020
$523,206
Robert S Chase
Linda S Stainback
Grant Deed
$159,206 · Private Individual
May 7, 2015
$258,228
William C Stainback
Albany Street Partners LLC
Grant Deed
$337,500 · Bank Of Hampton Roads
Aug 24, 2012
—
Albany Street Partners LLC
Phillips,keith L
Warranty Deed
related
—
Jan 31, 2012
—
Phillips,keith L Tr
Hmp Dev LLC
Grant Deed
related
—
Mar 29, 2011
$350,000
Hmp Dev LLC
Wb Developed LLC
Grant Deed
—
—
—
Albany Street Ptrs LLC
—
Deed Of Trust
related
$100,000 · First Cptol Bk
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.
Try Rey
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