7040 Frst Hl Ave Richmond, VA 23225-1608
Property profile & analytics
7040 Frst Hl Ave, Richmond, VA 23225-1608
- Office Spaces
- 7,285 SF
- 0.84 lot acres
Property ID
US87-0886734
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.
Location Intelligence
Current Use by Public Records
- Good Neighbor - Day Support / Social Service Agency
Property Details for 7040 Frst Hl Ave
- Year built
- 1984
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.84 lot acres
- Zone code
- B-2 COMMUNITY BUSINESS
- Property type
- Office Spaces
- APN
- C-004-0660-053
- APU
- C0040660053
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 22, 2017 | — | Mendota Props LLC | Scioto Props Sp-15 LLC | Warranty Deed · related | $605k · First Fin'l Bk&tr |
| May 5, 2017 | — | Mendota Properties LLC An Ohio Limi | — | Deed · related | $605k · First Financial Bank |
| Jun 29, 2012 | — | Scioto Props Sp-15 LLC | Realty Income Corp | Grant Deed | — |
| — | — | Scioto Properties Sp-15 LLC | — | Deed Of Trust · related | $450k · Disabilty Oportunity Fund INC |
| — | — | Mendota Props LLC | — | Deed Of Trust · related | $605k · First Fin'l Bk&tr |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,515,000
- 6.5%
- $1,400,000
- 7%
- $1,300,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,349,000
- AI Estimate
- $1,034,000
Market price range: $699k - $1.93MMarket price range: $250k - $1.44M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,150,000 Current use
- RESTAURANT
- $2,050,000 Change: +78% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,325,000 Change: +15% Conversion: Difficult
- MEDICAL BUILDING
- $1,215,000 Change: +6% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,195,000 Change: +4% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,170,000 Change: +2% Conversion: Moderate
- OFFICE BUILDING
- $1,075,000 Change: -6% Conversion: Easy
- RETAIL STORES
- $1,050,000 Change: -9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.5262
- Latitude
- 37.5382
- 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
2020
$20
$604,000
$591,000
$1,195,000
-
$604,000
$591,000
$1,195,000
