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    232 N Market St Petersburg, VA 23803

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    For Sale
    $599,500

    12,000 SF warehouse on 1.889 acres in Petersburg.

    Property size:
    12,000 SF
    Lot size:
    4.92 Acres

    Property Features for 232 N Market St

    General Information

    Size
    12,000 SF
    Lot size
    4.92 Acres

    Source: Specter Properties Inc Agent Mark B. Specter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Petersburg Warehouse in Old Towne

    This property, a portion of Tax Parcel #010-220021, is located in the Old Towne Petersburg area. It features a warehouse of approximately 12,000 square feet with a ceiling height of 18 feet or more. The property occupies approximately 1.889 acres and is zoned M-1.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Stewart Moving & Storage

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.4083588
    Latitude
    37.2300414

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    FAQs

    What type of property is this?
    Warehouse - 12,000 SF warehouse on 1.889 acres in Petersburg.
    Where is this warehouse located?
    The property is located at 232 N Market St Petersburg, VA.
    What is the asking price?
    The asking price for this property is $599,500.
    What are key features of this property?
    This property features: - 12,000 sq ft Warehouse with 18’+/- Ceiling Height; - Approximately 1.889 Acres; - Zoned M-1
    (804) 777-7070
    Request Owner's contact information
    232 N Market St Petersburg, VA 23803
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    Petersburg, VA 23803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 N Market St Petersburg, VA 23803
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