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    Former Bank Building on Azalea
    Updated: Mar 25
    Former Bank Building on Azalea

    1101 Azalea Avenue, Richmond, VA 23227

    $640,000
    2,676 sqft 0.65 AC lot
    High visibility location on Azalea Avenue with 17,000+ vehicles per day.
    B‑2 zoning allows for a wide range of retail/commercial uses.
    Three existing drive‑thru lanes.
    Two full access points along Azalea Avenue.
    Large, unobstructed pylon sign.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1101 Azalea Avenue, Richmond, VA, 23227

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    • Est. Cap Rate

      5.4%
      NOI ÷ price

    • Est. NOI

      $35K
      Annual

    • Mortgage

      $41.96M
      Jan 2008

    • Last Sold

      Jan 2022
      $725K

    • Property Type

      Financial Building
      Built 1981
    View Property Analytics
    Richmond Former Bank on Azalea
    Updated: Feb 12, 2024
    Richmond Former Bank on Azalea

    1101 Azalea Ave, Richmond, VA 23227

    $640,000
    2,676 sqft 0.66 AC lot
    High visibility location on Azalea Avenue with 17,000+ vehicles per day
    B‑2 Zoning allows for a wide range of retail/commercial uses
    Two full access points and a three‑lane drive‑thru
    Large, unobstructed pylon sign
    Located on an entire city block (0.6608 AC land area)
    View details
    Based on your search, we've compiled 56 Potential Opportunities for your consideration. Besides 2 Active listings in Richmond, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 46 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Prime Williamsburg Commercial Property
    Prime Williamsburg Commercial Property

    4139 Ironbound Rd, Williamsburg, VA 23188

    $3,000,000
    9,158 sqft

    Located in Williamsburg town center with high traffic and amenities.

    View details
    Retail Space for Sale
    Retail Space for Sale

    1186 Jamestown Road, Williamsburg, VA 23185

    $1,250,000
    2,310 sqft

    Retail property offered for sale with a single tenant-ready space configuration.

    View details
    Freestanding Office-Retail Suite with Drive-Thru
    Freestanding Office-Retail Suite with Drive-Thru

    9210 Church St., Manassas, VA 20110

    Contact for pricing
    1,491 sqft

    First-floor suite with existing drive-thru infrastructure, vault, and multiple work areas suited for office or retail operations.

    View details
    Freestanding Bank with Drive-Through
    Freestanding Bank with Drive-Through

    8900-8950 Mathis Ave, Manassas, VA 20110

    Contact for pricing

    Freestanding bank building with drive-through service, available for lease in a general commercial shopping center.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Richmond, KY Out Parcel Land
    Richmond, KY Out Parcel Land

    2072 Merchant Drive, Richmond, KY 40475

    $1,400,000
    1.71 AC lot

    1.71 acre outparcel ideal for retail, restaurant, or office.

    View details
    Cape Coral Commercial Land Opportunity
    Cape Coral Commercial Land Opportunity

    Del Prado Blvd N & De Navarra Pkwy, Cape Coral, FL 33909

    $1,692,300
    2.59 AC lot

    Corner property near US 41, approved for development.

    View details
    Commercial Land in Terrytown
    Commercial Land in Terrytown

    121 Holmes Boulevard, Terrytown, LA 70056

    $65,000

    Vacant commercial land ready for development in Terrytown, Louisiana.

    View details
    Hard-Lighted Corner Development Site
    Hard-Lighted Corner Development Site

    -- Highway 412, E Kenwood, Siloam Springs, AR 72761

    $735,000
    8,252 sqft 1.47 AC lot

    Entitled, turn-key development parcel with hard-lighted corner and highway frontage off Hwy 412 for multiple commercial uses.

    View details

    Off-Market Properties in Richmond, VA

    Consider similar Off-Market properties in Richmond, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    7100 3rd Chopt Rd
    FINANCIAL BUILDING

    7100 3rd Chopt Rd, Richmond, VA 23226-3615

    Value Estimation by Request
    1,721 sqft 0.49 AC lot
    View details
    7143 Frst Hl Ave
    FINANCIAL BUILDING

    7143 Frst Hl Ave, Richmond, VA 23225

    $875,000
    Estimated value
    2,548 sqft 0.61 AC lot
    View details
    200 Belt Blvd
    FINANCIAL BUILDING

    200 Belt Blvd, Richmond, VA 23224-1206

    Value Estimation by Request
    2,736 sqft 0.62 AC lot
    View details
    4921 Hermitage Rd
    FINANCIAL BUILDING

    4921 Hermitage Rd, Richmond, VA 23227

    Value Estimation by Request
    3,460 sqft 0.66 AC lot
    View details
    415 Belt Blvd
    FINANCIAL BUILDING

    415 Belt Blvd, Richmond, VA 23224-1703

    $695,000
    Estimated value
    3,200 sqft 0.83 AC lot
    View details
    5610 Brk Rd
    FINANCIAL BUILDING

    5610 Brk Rd, Richmond, VA 23227-2256

    Value Estimation by Request
    2,874 sqft 1.11 AC lot
    View details
    1801 Dabney Rd
    FINANCIAL BUILDING

    1801 Dabney Rd, Richmond, VA 23230-3326

    $1,580,000
    Estimated value
    7,487 sqft 0.63 AC lot
    View details
    6401 Horsepen Rd
    FINANCIAL BUILDING

    6401 Horsepen Rd, Richmond, VA 23226-2905

    $655,000
    Estimated value
    2,556 sqft 0.45 AC lot
    View details
    1101 Azalea Ave
    FINANCIAL BUILDING

    1101 Azalea Ave, Richmond, VA 23227-3411

    $655,000
    Estimated value
    2,676 sqft 0.66 AC lot
    View details
    4901 Broad St
    FINANCIAL BUILDING

    4901 Broad St, Richmond, VA 23230-3401

    $2,220,000
    Estimated value
    3,639 sqft 0.62 AC lot
    View details
    5300 Patterson Ave
    FINANCIAL BUILDING

    5300 Patterson Ave, Richmond, VA 23226-2002

    $1,390,000
    Estimated value
    6,076 sqft 0.14 AC lot
    View details
    50 Commerce Rd
    FINANCIAL BUILDING

    50 Commerce Rd, Richmond, VA 23224-2316

    Value Estimation by Request
    3,956 sqft 0.66 AC lot
    View details
    5011 Brk Rd
    FINANCIAL BUILDING

    5011 Brk Rd, Richmond, VA 23227-3416

    Value Estimation by Request
    2,288 sqft 0.46 AC lot
    View details
    1307 Brookland Park Blvd
    FINANCIAL BUILDING

    1307 Brookland Park Blvd, Richmond, VA 23222-3929

    Value Estimation by Request
    2,514 sqft 0.08 AC lot
    View details
    1801 Broad St
    FINANCIAL BUILDING

    1801 Broad St, Richmond, VA 23220-2109

    Value Estimation by Request
    5,311 sqft 0.40 AC lot
    View details
    1518 Hull St
    FINANCIAL BUILDING

    1518 Hull St, Richmond, VA 23224-3804

    Value Estimation by Request
    13,242 sqft 0.20 AC lot
    View details
    5816 Grv Ave
    FINANCIAL BUILDING

    5816 Grv Ave, Richmond, VA 23226-2630

    Value Estimation by Request
    3,108 sqft 0.41 AC lot
    View details
    2601 Broad St
    FINANCIAL BUILDING

    2601 Broad St, Richmond, VA 23220-1946

    Value Estimation by Request
    14,100 sqft 0.39 AC lot
    View details
    5601 Patterson Ave
    FINANCIAL BUILDING

    5601 Patterson Ave, Richmond, VA 23226-2007

    Value Estimation by Request
    2,020 sqft 0.30 AC lot
    View details
    2500 Broad St
    FINANCIAL BUILDING

    2500 Broad St, Richmond, VA 23223-7131

    Value Estimation by Request
    3,690 sqft 0.09 AC lot
    View details
    5711 Patterson Ave
    FINANCIAL BUILDING

    5711 Patterson Ave, Richmond, VA 23226-2009

    Value Estimation by Request
    1,730 sqft 0.28 AC lot
    View details
    5707 Patterson Ave
    FINANCIAL BUILDING

    5707 Patterson Ave, Richmond, VA 23226-2009

    Value Estimation by Request
    3,119 sqft 0.58 AC lot
    View details

    Richmond, VA Banks Market Trends and Statistics

    Explore 48 banks for sale in Richmond, VA on our real estate platform. These investment opportunities span a total of 5,352 square feet of properties for sale, with an estimated market value of $1,280,000.

    Sale prices for bank buildings in Richmond, VA start at $640,000, averaging $640,000, and reaching up to $640,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 57
    Storefront properties 22
    Automotive properties 16
    Grocery and convenience stores 11
    Auto shops 7

    Demographics Overview

    Population 594K
    Population Growth (5Y) +3.2%
    Median Household Income $75,947
    College Educated 27.8%

    High-Yield Neighborhoods for Investment

    Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23227 $670K

    Taxes & Financing

    Tax Rate (average for all types) 0.37%
    Property Tax per SF $7.41 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Richmond City County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Richmond fall within the 100,000+ square foot range.

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