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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Retail space
6150 Midlothian Tpke Richmond, VA 23225-5922
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-3963832
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
2,625 SF
Lot
0.82 ac (35,850 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
C-005-1067-020
UPID
US87-3963832
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
-
Atlas Bad Loans Credit Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$640k
Owner & transaction history
Carozy Auto Sales LLC · 2 yrs held
Carozy Auto Sales LLC
since 2024
Last sale
$640,000
3 recorded transactions
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$480,000
+26.4%
Medical building
$435,000
+15.6%
Neighborhood: shopping center
$430,000
+14.0%
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
$640,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$480,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$480,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$435,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: +14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$415,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$390,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $640k (Mar 6 2024)
Last sale anchor
$640k
Mar 6 2024
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
$244 / 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
$501,000
Assessed 2024
Previous assessed
$456,000
+9.9% YoY
Effective rate
0.00%
On assessed value
Assessed land
$343,000
Assessed improvement
$158,000
Land market value
$343,000
Improvement market value
$158,000
Total market value
$501,000
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
2,625 SF
Lot
0.82 ac (35,850 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
C-005-1067-020
UPID
US87-3963832
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VAZoning B-3 GENERAL BUSINESS · permitted uses
B-3 GENERAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$480,000
MEDICAL BUILDING
Est. value
$435,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
COMMERCIAL (GENERAL)
Est. value
$415,000
OFFICE BUILDING
Est. value
$390,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE 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
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Carozy Auto Sales LLC
Entity
Mailing address
851 WILLOW DR, CHAPEL HILL, NC 27514-7074
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
$640,000
Carozy Auto Sales LLC
Michael Kim
Warranty Deed
$440,000 · Carozy Auto Sales LLC
Apr 8, 2011
$290,000
Kim,michael & Young-ae
1210 Westover Hills LLC
Grant Deed
—
—
—
1210 Westover Hills LLC
—
Deed Of Trust
related
$264,000 · Hanover 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.
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