Financial
Distress signals
Property profile

10972 Richardson Rd Ashland, VA 23005

OFF-MARKET
Other commercial real estate
Property ID
US87-1105935
5,100 SF 1 ac lot Built 1981
Last sale Sep 2025 · $4,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a fenced, asphalt-paved site totaling approximately 4 acres, with the ability to be subdivided into 1-, 2-, or 4-acre lots. The site is zoned M3 and includes 3-phase electrical service. Improvements include a 5,100-square-foot warehouse equipped with five drive-in doors and dock loading capabilities. The property is located in the Hanover Industrial Air Park, providing proximity to I-95, and the site supports build-to-suit development.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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 · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$436k
Assessed land$195k
Assessed improvement$241k
Effective rate0.81%

Value estimate

· Sep 2026
$290k
$261k – $319k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$178/SF
ZIP average, outlier-cleaned · 134 recorded sales of this use type
Observed band · Q1–Q3$118 – $285
Qualifying comparables10

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-3
JurisdictionHANOVER

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.7
Convenience Store9.7
Cafe & Coffee Shop9.2

Location

10972 Richardson Rd Ashland, VA 23005
County assessor Recorded deeds · 4 transfers 10 qualifying comp sales 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
112 Washington, Ashland, VA 23005-2207 $1,000,000 Feb 2026 9,190 SF
10104 Leadbetter, Ashland, VA 23005-3411 $1,500,000 Dec 2025 6,000 SF
11200 Leadbetter, Ashland, VA 23005-3499 $102,500 Jun 2025 4,536 SF
10254 Timber Rdg, Ashland, VA 23005-8135 $1,000,000 May 2025 5,982 SF
11650 Lakeridge, Ashland, VA 23005-8190 $2,100,000 Apr 2025 3,415 SF
10433 Success, Ashland, VA 23005-8038 $550,000 Apr 2025 3,400 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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