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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
80 Labrook Concourse Richmond, VA 23224-1465
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-1200037
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2010
Total area
3,200 SF
Lot
0.48 ac (20,835 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
C-006-0821-004
UPID
US87-1200037
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
-
Warren Services - Ice Machine Sales, Service & Rentals Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
A And R Property Holdings LLC · 2 yrs held
A And R Property Holdings LLC
since 2024
Last sale
$560,000
2 recorded transactions
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$535,000
+151.0%
Neighborhood: shopping center
$525,000
+147.6%
Office building
$475,000
+122.9%
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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$535,000
Change: +151% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +148% · Conversion: Moderate
OFFICE BUILDING
$475,000
Change: +123% · Conversion: Difficult
COMMERCIAL (GENERAL)
$345,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $560k (Jan 4 2024)
Last sale anchor
$560k
Jan 4 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
$175 / 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
$246,000
Assessed 2024
Previous assessed
$225,000
+9.3% YoY
Effective rate
0.01%
On assessed value
Assessed land
$82,000
Assessed improvement
$164,000
Land market value
$82,000
Improvement market value
$164,000
Total market value
$246,000
Applied tax rate
9.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
YES
Stories
1
Total area
3,200 SF
Lot
0.48 ac (20,835 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
C-006-0821-004
UPID
US87-1200037
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Zoning 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
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
OFFICE BUILDING
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$345,000
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
2010
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
A And R Property Holdings LLC
Entity
Mailing address
80 LABROOK CONCOURSE, RICHMOND, VA 23224-1465
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
$560,000
A And R Property Holdings LLC
Daniel E Warren
Warranty Deed
$530,000 · Party III
Apr 16, 2014
$170,000
Daniel E Warren
Finn,jeffrey S
Grant Deed
—
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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