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    4816 Coleman Rd Richmond, VA 23230

    Sponsored
    For Sale
    Contact for pricing

    Prime Richmond location, M-1 zoning, build-to-suit options.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.102-acre mixed-use property at 4816 Coleman Road in Richmond, Virginia (zip code 23230), offers unparalleled flexibility and a strategic location. Currently zoned M-1 (light industrial), this site presents a unique opportunity for various development scenarios. Its proximity to Staples Mill Road and I-64 ensures excellent highway access, connecting businesses to major transportation arteries. The property benefits from a vibrant surrounding area, including the nearby Libbie Mill Midtown development, offering a blend of residential, retail, and medical facilities. The site's zoning regulations include a 25-foot front yard setback, 15-foot side yard setbacks (adjacent to residential areas), and a 30-foot rear yard setback. The rear yard setback can be accommodated along the eastern property line (abutting M-1 zoned land) or the northern property line (adjacent to I-64). The owner is open to selling, leasing, or undertaking a build-to-suit project. Furthermore, the owner is willing to collaborate on rezoning efforts for residential development, making this a versatile opportunity for industrial, retail, mixed-use, or residential projects, including senior housing. This large lot presents a compelling investment opportunity in a thriving Richmond location.

    Property Features for 4816 Coleman Rd

    General Information

    Property type
    Land
    Lot Size
    135,123 SF

    HighLights

    • Three‑acre lot.
    • Light industrial (M‑1) zoning.
    • Libbie Mill Midtown proximity.
    • Excellent highway access via Staples Mill Road.
    • Potential uses include industrial, retail, mixed‑use, and multifamily (including senior housing).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4900262
    Latitude
    37.5956561

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    FAQs

    What type of property is this?
    Land - Prime Richmond location, M-1 zoning, build-to-suit options.
    Where is this land located?
    The property is located at 4816 Coleman Rd Richmond, VA.
    What are key features of this property?
    This property features: Three-acre lot.; Light industrial (M-1) zoning.; Libbie Mill Midtown proximity.
    Request Owner's contact information
    4816 Coleman Rd Richmond, VA 23230
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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
    4816 Coleman Rd Richmond, VA 23230
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