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    Property profile & analytics

    11511 Lakeridge Pkwy Ashland, VA 23005

    • Commercial real estate
    • 1.02 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $1,110,000
    Last Sale
    Feb 01, 2021
    $1,100,000
    Location Intelligence
    Property ID
    US87-2173214
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 1-800-PACK-RAT / Moving And Storage Service / Trucking Company
    • Zippy Shell / Moving And Storage Service / Logistics Service

    Property Details for 11511 Lakeridge Pkwy

    Lot size
    1.02 lot acres
    Zone code
    M-2
    Property type
    Commercial real estate
    APN
    7788-49-3379
    APU
    7788493379

    Description

    This Hanover County warehouse offers 23,000 square feet of immediately available space, divisible to a minimum of 1,000 square feet. Located at 11511 N Lakeridge Pkwy, Ashland, VA 23005, this shared-space facility is part of a larger 60,000 square foot building. The property features four dock-high doors, with two measuring 13' 11" x 20' and two measuring 13' 11" x 12', and additional ground-level access. Dock doors are 9' x 9'. The monthly rent is $1.00 per square foot, with a minimum 1,000 square foot lease required. Long-term leases (12 months) are available. Tenants are permitted to operate businesses from the space, with some restrictions. Woodworking, welding, and automotive repair (excluding car storage) are prohibited. Operating hours are Monday-Friday, 8 AM to 4 PM, and Saturday, 9 AM to 12 PM. Ample parking is available for tenant vehicles

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,095,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,140,000
      7%
      $1,120,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,195,000
      Geo Method
      $1,025,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $990,000
      Retail
      $1,185,000
      Mixed-Use
      $1,100,000
      Hospitality
      $965,000
      Educational
      $1,005,000
      Residential Income
      $1,310,000
      Energy
      $1,170,000
      Income-Based Land
      $1,210,000
      Food Service
      $1,020,000

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.4578
    Latitude
    37.7256
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4
    $500
    $0.00
    $500
    -
    $500
    $0.00
    $500

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    Ashland, VA 23005
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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
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