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Property profile

1206 Azalea Ave Richmond, VA 23227

OFF-MARKET
Retail space
Property ID
US87-1040888
2,890 SF 0.48 ac lot Built 1900
Last sale Aug 1998 · $58,580
Entity Owned Owner of record is a legal entity (LLC / corporation). 28-yr Hold Held for 28 years. 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

This exceptional 2,890 square foot free-standing retail building is available for lease in Richmond, Virginia. Located at 1206 Azalea Ave, in Henrico County, this single-tenant property sits on a 0.48-acre lot and is zoned B-2. The building offers significant visibility and accessibility, enhanced by its convenient drive-thru feature. The entire 2,890 square feet is currently vacant, presenting a unique opportunity for a business seeking a prominent location in a thriving submarket. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$560k
Assessed land$405k
Assessed improvement$155k
Effective rate0.00%

Value estimate

· Oct 2026
$485k
$437k – $534k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$144/SF
Submarket average, outlier-cleaned · 175 recorded sales of this use type
Observed band · Q1–Q3$83 – $232
Qualifying comparables6

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?
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 agency28.2
Law Firm25.1
Building Supply17.3

Location

1206 Azalea Ave Richmond, VA 23227-3413
County assessor Recorded deeds · 1 transfer 6 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4924 Chamberlayne, Richmond, VA 23227-3420 $340,000 Dec 2023 2,975 SF
5610 Brk, Richmond, VA 23227-2256 $525,000 Dec 2022 2,874 SF
1101 Azalea, Richmond, VA 23227-3411 $725,000 Jan 2022 2,676 SF
5201 Chamberlayne, Richmond, VA 23227 $3,990,000 Jan 2020 2,940 SF
5900 Brk, Richmond, VA 23227-2258 $400,000 Aug 2019 3,045 SF
5244 Brk, Richmond, VA 23227-2943 $640,000 Jun 2019 2,520 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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