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    2811 Rady St Richmond, VA 23222

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    Richmond, VA industrial land for sale or lease.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 11.43-acre industrial land parcel in Richmond, VA, offers a unique investment opportunity. Located on Rady Street and zoned M2, this property presents the potential for sale or lease of individual lots, or the development of build-to-suit structures. A key advantage is the potential for rail service, a rare asset in this market. Current ownership is actively preparing the site, including clearing, leveling, grading, road and utility installation, and collaborating with rail authorities to establish a rail spur. Marketing efforts are planned for the summer, aiming to secure tenants or sell completed lots/yards. Beyond industrial use, the site's zoning allows for potential up-zoning to accommodate dense residential development, making it particularly attractive for LIHTC projects. This pre-development phase offers a chance to secure a prime location within this exciting project. The property is situated in Richmond County, VA, with a zip code of 23222. Interested parties are encouraged to explore the various options available.

    Property Features for 2811 Rady St

    General Information

    Property type
    Land
    Lot Size
    497,891 SF

    HighLights

    • 11.43‑acre industrial land parcel in Richmond, VA.
    • M2 zoning.
    • Rail‑served lots available.
    • Build‑to‑suit options available for sale or lease.
    • Potential for upzoning to residential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond county
    State
    Virginia
    Longitude
    -77.412507
    Latitude
    37.566113

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    FAQs

    What type of property is this?
    Land - Richmond, VA industrial land for sale or lease.
    Where is this land located?
    The property is located at 2811 Rady St Richmond, VA.
    What are key features of this property?
    This property features: 11.43-acre industrial land parcel in Richmond, VA.; M2 zoning.; Rail-served lots available.
    Request Owner's contact information
    2811 Rady St Richmond, VA 23222
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    Richmond, VA 23222
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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
    2811 Rady St Richmond, VA 23222
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