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Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Hotels
501 Allen Ave Richmond, VA 23220-2903
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0291935
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1924
Construction
TYPE NOT SPECIFIED
Total area
35,335 SF
Lot
0.45 ac (19,600 SF)
Zoning code
R-48 MULTI FAMILY
APN
W-000-0735-001
UPID
US87-0291935
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
-
Shenandoah Mansions Hotel & Motel
-
Phone Inn Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.27M
Owner & transaction history
Twain Gl Xxxix LLC · 3 yrs held
Twain Gl Xxxix LLC
since 2023
Last sale
$3.8M
4 recorded transactions
Zoning & alternative use
R-48 MULTI FAMILY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+589.3%
Restaurant
$4.3M
+490.7%
Retail stores
$3.9M
+436.2%
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
$3,010,000
ML approach
$2,920,000
CAP Approach
CAP Return
Estimation
6%
$3,000,000
6.5%
$2,770,000
7%
$2,570,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,965,000
Change: +589% · Conversion: Difficult
RESTAURANT
$4,255,000
Change: +491% · Conversion: Difficult
RETAIL STORES
$3,860,000
Change: +436% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,525,000
Change: +390% · Conversion: Difficult
OFFICE BUILDING
$3,175,000
Change: +341% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,150,000
Change: +337% · Conversion: Difficult
MEDICAL BUILDING
$2,025,000
Change: +181% · Conversion: Difficult
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±10% · vs last sale $3.82M (Mar 31 2023)
Last sale anchor
$3.82M
Mar 31 2023
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
$92 / 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
$3,459,000
Assessed 2024
Previous assessed
$4,910,000
-29.6% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,375,000
Assessed improvement
$2,084,000
Land market value
$1,375,000
Improvement market value
$2,084,000
Total market value
$3,459,000
Applied tax rate
2.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1924
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
6
Units
55
Rooms
109
Bathrooms
48
Total area
35,335 SF
Lot
0.45 ac (19,600 SF)
Zoning code
R-48 MULTI FAMILY
APN
W-000-0735-001
UPID
US87-0291935
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-48 MULTI FAMILY · Richmond, VA
Zoning R-48 MULTI FAMILY · permitted uses
R-48 MULTI FAMILY · 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
AUTO REPAIR, GARAGE
Est. value
$5.0M
RESTAURANT
Est. value
$4.3M
RETAIL STORES
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1924
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
6
Units
55
Rooms
109
Bathrooms
48
Lot
0.45 ac
Current owner
From public records · entity-resolved
Twain Gl Xxxix LLC
Entity
Mailing address
2200 WASHINGTON AVE, SAINT LOUIS, MO 63103-1522
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$3,818,766
Twain Gl Xxxix LLC
Hm Fan LLC
Special Warranty Deed
$8,575,000 · Us Bank National Association
Oct 29, 2021
$3,500,000
Hm Fan LLC
Care Gsl Richmond Propco LP
Special Warranty Deed
$2,150,000 · Midland States Bank
Feb 14, 2020
—
Care Gsl Richmond Propco LP
—
Deed
related
$22,416,123 · Synovus Bank
Oct 7, 2014
$2,850,000
Care Gsl Richmond Propco LLC
Snh Chs Properties Trust
Special Warranty Deed
$23,094,995 · Synovus Bank
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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