Financial
Distress signals
Property profile

1101 Azalea Ave Richmond, VA 23227

FOR SALE
Banks
Property ID
US87-3693729
2,676 SF 0.66 ac lot Built 1981
Last sale Jan 2022 · $725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property consists of a 2,676-square-foot former bank building situated on a 0.6608-acre site along Azalea Avenue, north of downtown Richmond, Virginia. The site offers two full access points and includes a three-lane drive-thru configuration, along with a large unobstructed pylon sign. The property is positioned for strong visual exposure from the Azalea Avenue corridor and nearby lighted intersections. It is located in B-2 (Business/Community Business) zoning, which supports a broad range

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 · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$819k
Assessed land$425k
Assessed improvement$394k
Effective rate0.00%

Value estimate

· Sep 2026
$635k
$572k – $699k
AI approach$545k
NOI build-up
Gross scheduled income$239k
Vacancy & credit loss−$20k
Operating expenses−$65k
NOI · 23.88% cap applied$153k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
23.88%
$153k 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?
B-2 COMMUNITY BUSINESS
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 agency19.4
Law Firm19.0
Building Supply12.7

Location

1101 Azalea Ave Richmond, VA 23227
County assessor Recorded deeds · 3 transfers 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

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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