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    3740 Charles City Rd Richmond, VA 23231

    Sponsored
    For Sale
    Contact for pricing

    28+ Acres, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This online auction presents a unique opportunity to acquire a substantial 28-acre parcel in Henrico County, Virginia. The property boasts significant road frontage, exceeding 2,000 feet on Beulah Road and over 650 feet on Charles City Road. Its strategic location offers convenient access to Richmond International Airport (less than a mile) and major roadways including I-295 and the Pocahontas Parkway (approximately three miles). The property includes a circa-1910, approximately 2,300 square foot house with four bedrooms and three bathrooms, presenting potential for near-term rental income. Currently zoned agricultural, the land is master-planned by Henrico County for industrial zoning, unlocking substantial future development upside. The sale encompasses three tax parcels. Please note that the property may require remediation to meet certain county regulations, potentially involving regrading and wetland remediation. However, funds held in escrow may be available to assist with these costs. Henrico County has indicated a willingness to work with the buyer to address these issues. Detailed information and property specifics are available at the provided online auction site.

    Property Features for 3740 Charles City Rd

    General Information

    Property type
    Farms
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Storage Facility Electronics Store Arcade & Gaming Center Toy Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.3121285
    Latitude
    37.4812907

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    FAQs

    What type of property is this?
    Farm - 28+ Acres, Development Potential
    Where is this farm located?
    The property is located at 3740 Charles City Rd Richmond, VA.
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    Richmond, VA 23231
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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
    3740 Charles City Rd Richmond, VA 23231
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