Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Grocery and convenience stores
625 Laburnum Ave Richmond, VA 23222-2206
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0684522
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1985
Total area
3,000 SF
Lot
0.83 ac (36,299 SF)
Zoning code
B-1
APN
795-738-4741
UPID
US87-0684522
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
-
Krispy Krunchy Chicken Restaurant
-
CITGO Gas Station
-
MARKET PLACE # 7 Grocery & Convenience Store
-
ATM (ATM Link, Inc.) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$840k
Owner & transaction history
Mahbub Property One LLC · 4 yrs held
Mahbub Property One LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
B-1 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$545,000
+10.9%
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
$875,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$545,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $1.00M (Feb 3 2022)
Last sale anchor
$1.00M
Feb 3 2022
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
$280 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,333
Tax year 2023
Assessed value
$503,800
Assessed 2024
Previous assessed
$503,800
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$181,500
Assessed improvement
$322,300
Land market value
$181,500
Improvement market value
$322,300
Total market value
$503,800
Applied tax rate
4.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
3,000 SF
Lot
0.83 ac (36,299 SF)
Zoning code
B-1
APN
795-738-4741
UPID
US87-0684522
Jurisdiction
HENRICO
Zoning & alternative use
B-1 · Richmond, VA
Zoning B-1 · permitted uses
B-1 · 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
$545,000
AUTO REPAIR, GARAGE
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
1985
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Mahbub Property One LLC
Entity
Mailing address
625 E LABURNUM AVE, RICHMOND, VA 23222-2206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Apr 8, 2022
—
Mahbub Property One LLC
—
Deed
related
$373,000 · Business Finance Group INC
Feb 3, 2022
$1,000,000
Mahbub Property One LLC
625 E Laburnum LLC
Warranty Deed
$515,000 · M&t Bank
Feb 3, 2022
—
Mahbub Property One LLC
—
Deed
related
$360,500 · M&t Bank
Mar 27, 2020
—
625 E Laburnum LLC
—
Deed
related
$400,000 · Atlantic Union Bank
May 22, 2007
—
625 E Laburnum LLC
Bhojani,salman J & Zehra S
Grant Deed
$700,000 · Virginia Bus Bk
—
—
625 E Laburnum LLC
—
Loan Modification
related
$70,000 · Papco INC
—
—
Salman J Bhojani
—
Deed Of Trust
related
$425,000 · Branch Banking & Trust Co Va
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 625 Laburnum Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
