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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Warehouses
827 Commerce St Petersburg, VA 23803-3003
Entity Owned
Free & Clear
Property ID
US87-1410261
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1925
Total area
36,294 SF
Lot
1.38 ac (60,113 SF)
Zoning code
R-3
APN
24130801
UPID
US87-1410261
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
-
Downtown Churches United Charitable Organization Social Service Agency
-
Downtown Churches United - Food Distribution Center Food Bank Charitable Organization
-
Elder Homes Corporation Construction Company General Contractor
-
Hope Center Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$730k
Owner & transaction history
DOWNTOWN CHURCHES UNITED INC & DEAN FREEBURN
DOWNTOWN CHURCHES UNITED INC & DEAN FREEBURN
Zoning & alternative use
R-3 · Petersburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A variance from the 35% open space rule to permit the installation of a driveway. - See below 9 OHU OHU X X X X X X XX OHU SCALE: J.N.:SHEET OF DRAWN BY: CHECK BY: August 2, 2021 1 1 JNL 48973-903-S8 1"=20' DFP ZONING: R-3 EXISTING LOT WIDTH: 40.95' REQUIRED LOT WIDTH: 50' EXISTING LOT AREA: 6,359.76 S.F. REQUIRED LOT AREA: 5,000 S.F SETBACKS FRONT: 35' SIDE…
Zone name
Two Family Residence District
General category
RESIDENTIAL
Zone area
795.78 ac
Top alternative use upside
Industrial (general)
$770,000
+6.3%
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 Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petersburg 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
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$725,000
Current use
INDUSTRIAL (GENERAL)
$770,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
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
$20 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$8,447
Tax year 2019
Assessed value
$948,800
Assessed 2024
Previous assessed
$948,800
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$62,400
Assessed improvement
$886,400
Land market value
$62,400
Improvement market value
$886,400
Total market value
$948,800
Applied tax rate
13.0000
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
1925
Heating
NONE
Cooling
NONE
Stories
2
Total area
36,294 SF
Lot
1.38 ac (60,113 SF)
Zoning code
R-3
APN
24130801
UPID
US87-1410261
Jurisdiction
PETERSBURG CITY
Zoning & alternative use
R-3 · Petersburg, VAZoning R-3 · permitted uses
R-3 · Petersburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A variance from the 35% open space rule to permit the installation of a driveway. - See below 9 OHU OHU X X X X X X XX OHU SCALE: J.N.:SHEET OF DRAWN BY: CHECK BY: August 2, 2021 1 1 JNL 48973-903-S8 1"=20' DFP ZONING: R-3 EXISTING LOT WIDTH: 40.95' REQUIRED LOT WIDTH: 50' EXISTING LOT AREA: 6,359.76 S.F. REQUIRED LOT AREA: 5,000 S.F SETBACKS FRONT: 35' SIDE: MINIMUM 5' WITH A TOTAL OF 12' REAR: 25' DATE: Based on graphic determination th
Zone name
Two Family Residence District
General category
RESIDENTIAL
Zone area
795.78 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$725,000
INDUSTRIAL (GENERAL)
Est. value
$770,000
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
1925
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
DOWNTOWN CHURCHES UNITED INC & DEAN FREEBURN
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1202, PETERSBURG, VA 23804-1202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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