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    1618-1622 Commerce Rd Richmond, VA 23224

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    For Lease
    Contact for pricing

    Two buildings with modernized systems and large outdoor storage.

    Property size:
    27,975 SF
    Lot size:
    4.08 Acres

    Property Features for 1618-1622 Commerce Rd

    General Information

    Size
    27,975 SF
    Lot size
    4.08 Acres

    Source: JLL | Richmond Agent Muscoe Garnett

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

    Overview

    Industrial Buildings with Storage Yard

    This property features two buildings, one with 22,050 square feet and another with 5,925 square feet, totaling 27,975 square feet. The buildings include newer HVAC systems and modernized electrical infrastructure. A large outdoor storage yard is available. The property also features a pylon sign on Commerce Road.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    Brookston Self Storage Facility, Lineage, Lineage Logistics

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.429963
    Latitude
    37.505011

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    FAQs

    What type of property is this?
    Warehouse - Two buildings with modernized systems and large outdoor storage.
    Where is this warehouse located?
    The property is located at 1618-1622 Commerce Rd Richmond, VA.
    What are key features of this property?
    This property features: - Two buildings totaling 27,975 sf; - Large outdoor storage yard; - Pylon sign on Commerce Road
    (804) 200-6415
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    Richmond, VA 23224
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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
    1618-1622 Commerce Rd Richmond, VA 23224
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