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    14 W Marshall St Richmond, VA 23219

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    For Sale
    $1,300,000

    Income-producing parking lot with development potential in historic Jackson Ward.

    Lot size:
    0.32 Acres

    Property Features for 14 W Marshall St

    General Information

    Lot size
    0.32 Acres

    Source: Commonwealth Commercial Agent Tucker “Nash” Warren

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

    Overview

    Historic Jackson Ward Parking Lot

    This property features approximately 48 parking spaces situated on approximately 0.3228 acres. Located in the historic Jackson Ward, the site presents a development opportunity. It is currently income-producing, leased to a local operator through June 30, 2026. The property is zoned RO-2 (Residential-Office).
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

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

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

    Similar Places Nearby

    Chesterfield Farm Bureau Inc, Enterprise Rent-A-Car, Rule One LLC, Zoomze, Richmond Car Rental

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.441315
    Latitude
    37.5469923

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    FAQs

    What type of property is this?
    Parking lot & garage - Income-producing parking lot with development potential in historic Jackson Ward.
    Where is this parking lot & garage located?
    The property is located at 14 W Marshall St Richmond, VA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Income producing property leased to local operator through 6/30/26; - Development opportunity awaits; - 48± spaces on 0.3228± AC
    (804) 346-4966
    Request Owner's contact information
    14 W Marshall St Richmond, VA 23219
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    Richmond, VA 23219
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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
    14 W Marshall St Richmond, VA 23219
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