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Property profile & analytics
FOR LEASE
Warehouses
6601 S Laburnum Ave, Richmond, VA 23231
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-0935413
For Lease
1 / 2
$22,530,000
6601 S Laburnum Ave, Richmond, VA 23231
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
168,520 SF
Lot
9.86 ac (429,414 SF)
Zoning code
M-1C
APN
813-700-6207
UPID
US87-0935413
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.64M
Comparable Approach
Comparable
$18.47M
Blend (final)
Blend
$22.53M
Owner & transaction history
Sl 6601 S Laburnum Ave LLC
Sl 6601 S Laburnum Ave LLC
since 2025
Last sale
$22.0M
3 recorded transactions
Zoning & alternative use
M-1C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$30.7M
+84.9%
Medical building
$28.1M
+69.1%
Neighborhood: shopping center
$27.7M
+66.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,940,000
6.5%
$27,635,000
7%
$25,660,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,605,000
Current use
AUTO REPAIR, GARAGE
$30,695,000
Change: +85% · Conversion: Easy
MEDICAL BUILDING
$28,070,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$27,685,000
Change: +67% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$27,090,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$26,610,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$24,920,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$22.53M
Range $20.28M – $24.78M · ±10% · vs last sale $22.00M (Jul 22 2025)
Last sale anchor
$22.00M
Jul 22 2025
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
$134 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$104,953
Tax year 2024
Assessed value
$11,810,600
Assessed 2024
Previous assessed
$11,810,600
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$788,800
Assessed improvement
$11,021,800
Land market value
$788,800
Improvement market value
$11,021,800
Total market value
$11,810,600
Applied tax rate
5.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1999
Heating
HEAT PUMP
Stories
1
Total area
168,520 SF
Lot
9.86 ac (429,414 SF)
Zoning code
M-1C
APN
813-700-6207
UPID
US87-0935413
Jurisdiction
HENRICO
Zoning & alternative use
M-1C · Henrico, VA
Zoning M-1C · permitted uses
M-1C · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$16.6M
AUTO REPAIR, GARAGE
Est. value
$30.7M
MEDICAL BUILDING
Est. value
$28.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.1M
COMMERCIAL (GENERAL)
Est. value
$26.6M
OFFICE BUILDING
Est. value
$24.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
HEAT PUMP
Stories
1
Lot
9.86 ac
Current owner
From public records · entity-resolved
Sl 6601 S Laburnum Ave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
CHICAGO, IL 60690
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 17, 2025
—
Sl 4700 Eubank Road LLC
—
Deed
related
$80,000,000 · Transamerica Life Insurance Company
Oct 22, 2025
$22,000,000
Sl 6601 S Laburnum Ave LLC
Breit Se Industrial Nc Va Portfolio
Special Warranty Deed
—
Jun 10, 2015
$21,042,942
Mdh Nc Of Va Portfolio LLC
Fawn Industrial LLC
Grant Deed
$13,938,500 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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