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Property profile & analytics
FOR SALE
Banks

1101 Azalea Ave Richmond, VA 23227

2,676 SF 0.66 ac lot Built 1981
Entity Owned 4-yr Hold Free & Clear
Property ID
US87-3693729
Property summary
AI-generated overview

This exceptional 2,831 square foot commercial property, located at 1101 Azalea Ave in Richmond, VA, presents a unique investment opportunity. Situated on a 0.65-acre lot in Richmond County, this single-tenancy building is currently vacant and ready for immediate occupancy. The property's previous use as a bank branch offers a versatile layout adaptable to various commercial ventures, including executive office space, retail, or restaurant operations. Its strategic location across from a Jiffy Lube and KFC ensures high visibility and convenient access for potential customers and employees. The building's total square footage is 2,831 square feet, all of which is currently available. The property is classified as both retail and office space, making it suitable for a wide range of businesses. The address is 1101 Azalea Ave, Richmond, VA 23227. This property offers a compelling combination of prime location, ample space, and adaptability, making it an ideal choice for businesses seeking a prominent presence in a high-traffic area of Richmond. The property is available for lease.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction TYPE NOT SPECIFIED
Total area 2,676 SF
Lot 0.66 ac (28,784 SF)
Zoning code B-2 COMMUNITY BUSINESS
APN N-017-0079-027
UPID US87-3693729
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$655k
Owner & transaction history
Lemonade Mm Azalea LLC · 4 yrs held
Lemonade Mm Azalea LLC
since 2022
Last sale
$725,000
3 recorded transactions
2022
$725,000
2013
$757,937
2008
$707,661
Zoning & alternative use
B-2 COMMUNITY BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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