Contact for pricing 20,363 SF

1606 Magnolia St, Richmond, VA 23222
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The property is an industrial facility containing a 20,363 SF building constructed in 1953 and renovated in 1990. It is zoned M-1 LIGHT, supporting industrial and light manufacturing uses and allowing flexibility for potential industrial expansion or redevelopment. The building is located in Richmond’s historic Northside district, near Lewis Ginter Botanical Garden and Chimborazo Park, with access to major roadways and the downtown area.

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.

Debts

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$941k

Assessed land$262k

Assessed improvement$679k

Effective rate0.00%

Value estimate

· Oct 2026

$695k

$626k – $765k

AI approach$820k

NOI build-up

Gross scheduled income$203k

Vacancy & credit loss−$18k

Operating expenses−$55k

NOI · 6.08% cap applied$129k

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?

6.08%

$129k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency15.4

Law Firm14.9

Parking Facility11.4

1606 Magnolia St Richmond, VA 23222

County assessor Recorded deeds · 2 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

1 recorded sale · 18 properties in this city

Address Sale price Sold Size

704 Dawn St, Richmond, VA 23222-4816 $1,000,000 Mar 2025 No data

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.

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