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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
7 Cary St Richmond, VA 23219-3732
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-0836812
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
TYPE NOT SPECIFIED
Total area
3,040 SF
Lot
0.14 ac (6,036 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
W-000-0080-004
UPID
US87-0836812
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
-
RVA VIRTUAL TOUR (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$530k
Owner & transaction history
Personification LLC · 6 yrs held
Personification LLC
since 2020
Last sale
$690,000
5 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
$555,000
+26.4%
Medical building
$505,000
+15.6%
Neighborhood: shopping center
$500,000
+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
$430,000
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
RETAIL STORES
$440,000
Current use
AUTO REPAIR, GARAGE
$555,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$450,000
Change: +3% · Conversion: Easy
COMMERCIAL (GENERAL)
$360,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $690k (Jul 13 2020)
Last sale anchor
$690k
Jul 13 2020
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
$174 / 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
$681,000
Assessed 2024
Previous assessed
$681,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$338,000
Assessed improvement
$343,000
Land market value
$338,000
Improvement market value
$343,000
Total market value
$681,000
Applied tax rate
6.0000
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
1965
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Rooms
10
Bathrooms
1
Total area
3,040 SF
Lot
0.14 ac (6,036 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
W-000-0080-004
UPID
US87-0836812
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
RETAIL STORES Current
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$555,000
MEDICAL BUILDING
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
OFFICE BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$360,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1965
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Personification LLC
Entity
Mailing address
PO BOX 4609, RICHMOND, VA 23220-8609
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
Mofo Realty LLC
—
Deed
related
$1,936,000 · Townebank
Jan 26, 2022
—
Personification LLC
—
Deed
related
$550,000 · First Bank
Jul 13, 2020
$690,000
Personification LLC
Far Nia LLC
Warranty Deed
$630,000 · Virginia Cmnwlt Bk
May 15, 2019
—
Cary Center Partners LLC
—
Deed
related
$1,092,000 · Suntrust Bank
Aug 19, 2016
$412,500
Far Nia LLC
Keith,james A SR
Warranty Deed
$309,375 · Premier 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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