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    Property profile & analytics

    551 Laburnum Ave Richmond, VA 23222-2122

    • Retail space
    • 864 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Mar 26, 2020
    Location Intelligence
    Property ID
    US87-1231355
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Papa John's Pizza / Pizza Delivery

    Property Details for 551 Laburnum Ave

    Year built
    1992
    Lot size
    0.77 lot acres
    Property size
    864 SF
    Zone code
    B-3
    Property type
    Retail space
    APN
    794-738-7123
    APU
    7947387123

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.424
    Latitude
    37.5848
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,800
    $167,900
    $157,700
    $325,600
    -
    $167,900
    $157,700
    $325,600

    Comparable in this City

    • Value Estimation
      $260,000
      1,800 SF

      10 Brookland Park Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      10 Brookland Park Blvd, Richmond, VA 23222-2710
      View Details
    • Value Estimation
      $180,000
      1,620 SF

      324 Brookland Park Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,620 SF
      324 Brookland Park Blvd, Richmond, VA 23222-2604
      View Details
    • Value Estimation
      $445,000
      3,600 SF

      2924 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      2924 Nn Ave, Richmond, VA 23222-3613
      View Details
    • Value Estimation
      $175,000
      2,400 SF

      2919 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      2919 Nn Ave, Richmond, VA 23222-3612
      View Details
    • Value Estimation
      $365,000
      3,202 SF

      3708 Meadowbridge Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,202 SF
      3708 Meadowbridge Rd, Richmond, VA 23222-2125
      View Details
    • Value Estimation by Request
      498 SF

      3000 12th Meadowbridge Rd

      RETAIL STORES (PERSONAL SERVICES) • 498 SF
      3000 12th Meadowbridge Rd, Richmond, VA 23222-3104
      View Details

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      Retail Property on Laburnum Avenue

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    Similar Nearby for Lease

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      Glen Lea Centre: Richmond Retail Space

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      Richmond Industrial Build-to-Suit Opportunity

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    Richmond, VA 23222-2122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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