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Property profile & analytics
OFF-MARKET
Estimated value
$20,040,000
Apartment buildings
900 Terminal Pl, Richmond, VA 23220-1918
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US87-0940479
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1940
Construction
TYPE NOT SPECIFIED
Total area
184,427 SF
Lot
4.14 ac (180,251 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1481-005
UPID
US87-0940479
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
-
Cookie Factory Lofts Apartment Building Apartment Complex
-
311 technologies | Managed Security Services IT Consulting Firm Tech Support Center
-
311 Technologies Tech Support Center (Bike/Boat/Book/etc) Store
-
Fanshawe Blaine Home Decor Store (Bike/Boat/Book/etc) Store
-
Sophonic Entertainment Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.04M
Owner & transaction history
Rebkee Partners Interbake LLC · 14 yrs held
Rebkee Partners Interbake LLC
since 2011
6 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$31,860,000
Current use
MEDICAL BUILDING
$30,720,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$30,300,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$20.04M
Range $18.04M – $22.04M · ±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
$109 / 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
$35,990,000
Assessed 2024
Previous assessed
$33,728,000
+6.7% YoY
Effective rate
0.00%
On assessed value
Assessed land
$5,340,000
Assessed improvement
$30,650,000
Land market value
$5,340,000
Improvement market value
$30,650,000
Total market value
$35,990,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1940
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
6
Units
178
Bathrooms
1
Total area
184,427 SF
Lot
4.14 ac (180,251 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1481-005
UPID
US87-0940479
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Zoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT INDUSTRIAL · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$31.9M
MEDICAL BUILDING
Est. value
$30.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1940
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
6
Buildings
2
Units
178
Bathrooms
1
Lot
4.14 ac
Current owner
From public records · entity-resolved
Rebkee Partners Interbake LLC
Entity
Mailing address
2800 PATTERSON AVE STE #200, RICHMOND, VA 23221-1762
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
Interbake Partners LLC
—
Deed
related
$19,725,000 · Berkeley Point Capital LLC
Dec 2, 2011
$6,000,000
Rebkee Partners Interbake LLC
Jemals Interbake LLC
Grant Deed
$3,500,000 · Trustworthy Real Estate LLC
Jul 29, 2005
$6,700,000
Jemals Interbake LLC
Interbake Foods LLC
Grant Deed
related
$4,400,000 · Wachovia Bk/sc
—
—
Interbake Partners LLC
—
Deed Of Trust
related
$23,000,000 · Bank Of Ny Mellon
—
—
Interbake Partners LLC
—
Loan Modification
related
$28,600,000 · Wells Fargo Bk
—
—
Interbake Ptrs LLC
—
Deed Of Trust
related
$28,600 · Wells Fargo Bk Nw NA
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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