Property profile

11408 Washington Hwy Ashland, VA 23005

OFF-MARKET
Commercial real estate
Property ID
US87-3974066
988 SF 5.22 ac lot Built 1952
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1952
Construction CONCRETE
Total area 988 SF
Lot 5.22 ac (227,383 SF)
Zoning code M-2
APN 7788-18-6498
UPID US87-3974066

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11408 Washington Hwy Ashland, VA 23005-8006
Ashland metro Census 320801 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$315k

Owner & transaction history

since 2026
7 recorded transactions
2026
$500,000
2017
Price N/A
2005
$350,000
2005
Price N/A
2005
$5,000
2005
$25,000
2005
$1,500

Zoning & alternative use

M-2 · Ashland, VA
Zoning description

The intent of this district is to provide sufficient space in appropriate locations for moderate- to heavy-industrial uses, including manufacturing and assembly, warehousing and processing of raw materials within the Tow…

General category INDUSTRIAL

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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