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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
719 Mdw St Richmond, VA 23220-2014
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0672739
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
3,638 SF
Lot
0.05 ac (2,386 SF)
Zoning code
UB-PO4 PARKING OVERLAY
APN
W-000-0821-054
UPID
US87-0672739
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
-
Polpetti Italian Restaurant Take-out & Catering
-
Market on Meadow Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$493k
Blend (final)
Blend
$650k
Owner & transaction history
Meadow Group LLC · 1 yrs held
Meadow Group LLC
since 2024
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
UB-PO4 PARKING OVERLAY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$915,000
+36.4%
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%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$670,000
Current use
RETAIL STORES
$915,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$665,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$605,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $700k (Aug 1 2024)
Last sale anchor
$700k
Aug 1 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
$179 / 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
$513,000
Assessed 2024
Previous assessed
$440,000
+16.6% YoY
Effective rate
0.00%
On assessed value
Assessed land
$298,000
Assessed improvement
$215,000
Land market value
$298,000
Improvement market value
$215,000
Total market value
$513,000
Applied tax rate
2.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Rooms
9
Bathrooms
1
Total area
3,638 SF
Lot
0.05 ac (2,386 SF)
Zoning code
UB-PO4 PARKING OVERLAY
APN
W-000-0821-054
UPID
US87-0672739
Jurisdiction
RICHMOND CITY
Zoning & alternative use
UB-PO4 PARKING OVERLAY · Richmond, VA
Zoning UB-PO4 PARKING OVERLAY · permitted uses
UB-PO4 PARKING OVERLAY · 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
COMMERCIAL (GENERAL) Current
Est. value
$670,000
RETAIL STORES
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$665,000
MEDICAL BUILDING
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
2
Rooms
9
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Meadow Group LLC
Entity
Mailing address
14301 WINTER RDG LN, MIDLOTHIAN, VA 23113-6710
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 1, 2024
$700,000
Meadow Group LLC
Red Cap Ltd LLC
Warranty Deed
$648,000 · Wells Fargo Bank NA
Jul 26, 2010
—
Russell,pamela
Urgo,linda
Quit Claim Deed
related
$165,000 · Union First Market Bk
Jun 26, 2008
—
Urgo,linda
Burp LLC
Grant Deed
related
—
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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