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Property profile & analytics
OFF-MARKET
Apartment buildings
949 Myers St Richmond, VA 23230-4812
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-0030382
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2020
Construction
TYPE NOT SPECIFIED
Total area
2,909 SF
Lot
2.47 ac (107,724 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1482-003
UPID
US87-0030382
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
-
EXPERIS Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
947 Myers LLC · 8 yrs held
947 Myers LLC
since 2018
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$54,140,000
Assessed 2024
Previous assessed
$43,801,000
+23.6% YoY
Effective rate
0.00%
On assessed value
Assessed land
$6,540,000
Assessed improvement
$47,600,000
Land market value
$6,540,000
Improvement market value
$47,600,000
Total market value
$54,140,000
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
2020
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
2,909 SF
Lot
2.47 ac (107,724 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1482-003
UPID
US87-0030382
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.
Building & site characteristics
From public records
Year built
2020
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
947 Myers LLC
Entity
Mailing address
1310 ROSENEATH RD STE #200, RICHMOND, VA 23230-4632
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2018
$5,175,000
947 Myers LLC
Interbake Partners Retail LLC
Grant Deed
$2,550,000 · Private Individual
Jun 5, 2017
—
Interbake Partners Retail LLC
Interbrake Parnters LLC
Quit Claim Deed
related
—
May 24, 2016
$415,000
949 Myers Street LLC
Ms 949 LLC
Grant Deed
related
—
Mar 26, 2013
—
Interbake Retail Ptrs LLC
Interbake Partners LLC
Quit Claim Deed
related
—
Dec 2, 2011
$6,000,000
Rebkee Partners Interbake LLC
Jemals Interbake LLC
Grant Deed
$3,500,000 · Trustworthy Real Estate LLC
Sep 7, 2010
—
Ms 949 LLC
Ashley Corp
Grant Deed
related
—
Jul 29, 2005
$6,700,000
Jemals Interbake
Interbake Foods
Warranty Deed
related
$4,400,000 · Wachovia Mtg Corp
—
—
Ms 949 LLC
—
Loan Modification
related
$25,000 · Wells Fargo Bk
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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