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    1101 Azalea Ave Richmond, VA 23227
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    Property profile & analytics

    1101 Azalea Ave, Richmond, VA 23227

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    • Banks
    • 2,676 SF
    • 0.66 lot acres
    Richmond Former Bank on Azalea For Sale
    $640,000
    2,676 SF

    Richmond Former Bank on Azalea

    2,676 SF former bank building on 0.66 acres.

    1101 Azalea Ave, Richmond, VA 23227
    View Listing
    Property ID
    US87-3693729
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Banks

    Property Details for 1101 Azalea Ave

    Year built
    1981
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.66 lot acres
    Zone code
    B-2 COMMUNITY BUSINESS
    Property type
    Banks
    APN
    N-017-0079-027
    APU
    N0170079027

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 19, 2022 $725,000 Lemonade Mm Azalea LLC Vereit Real Estate LP Special Warranty Deed —
    Apr 3, 2013 $757,937 Arc Sbrcmva001 LLC Inland American St Portfolio I Grant Deed —
    Jan 4, 2008 $707,661 Inland St Portfolio II LLC Suntrust Bk Grant Deed $42M · Miscellaneous Ins Co

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $635,000
      ML approach
      $545,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4519
    Latitude
    37.6013
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $20
    $425,000
    $394,000
    $819,000
    -
    $425,000
    $394,000
    $819,000
    View Listing
    More about this property
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