Financial
Distress signals
Property profile

2403 Commerce Rd Richmond, VA 23234

OFF-MARKET
Flex space
Property ID
US87-0676948
10,060 SF 4.44 ac lot Built 1966
Last sale Jun 2019 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property includes a fenced parking and storage facility designed for up to 20 units, situated on a hard-packed, graveled lot. On-site improvements include a 288-square-foot office area with a restroom and access to a break room and conference room. The site is equipped with lighting and is secured, and it provides on-site fuel supply, including regular gas and both on-road and off-road diesel.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$1.25M
Assessed land$784k
Assessed improvement$465k
Effective rate0.00%

Value estimate

· Sep 2026
$845k
$761k – $930k
CAP approach$980k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$103/SF
Submarket average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$60 – $161

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M-1 LIGHT INDUSTRIAL
JurisdictionRICHMOND CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.3
Law Firm16.4
Building Supply15.7

Location

2403 Commerce Rd Richmond, VA 23234-1804
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 15 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2924 Bells, Richmond, VA 23234-1606 $2,225,000 Jan 2026 30,948 SF
2807 Transport, Richmond, VA 23234-1648 $2,770,000 Oct 2024 25,316 SF
4205 Richmond, Richmond, VA 23234-2715 $150,000 Feb 2024 2,420 SF
2901 Commerce, Richmond, VA 23234-1809 $2,250,000 Jan 2024 28,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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