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    1410 Willis Rd Richmond, VA 23237-2913
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    Property profile & analytics

    1410 Willis Rd, Richmond, VA 23237-2913

    View on Map

    • Distribution centers
    • 405,000 SF
    • 57.69 lot acres
    Off-Market
    Last Sale May 24, 2024
    $54,500,000
    Property ID
    US87-0002894
    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

    • IFIT health and fitness / Warehouse & Storage

    Property Details for 1410 Willis Rd

    Year built
    2020
    Lot size
    57.69 lot acres
    Zone code
    I3 - HVY INDUSTRIAL DIST
    Property type
    Distribution centers
    APN
    799-67-32-50-900-000
    APU
    799673250900000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2024 $54,500,000 Condair Operations LLC Bgo 1410 Willis Owner LLC Special Warranty Deed —
    Mar 30, 2022 $52,150,000 Bgo 1410 Willis Owner LLC Scannell Properties 394 LLC Special Warranty Deed $28.8M · Ubs Bank USA

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market
    • CAP approach

      CAP Return
      Estimation
      6%
      $64,100,000
      6.5%
      $59,170,000
      7%
      $54,940,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $60,197,000
      Market price range: $19.6M - $73.8M
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $39,905,000
      Current use
      AUTO REPAIR, GARAGE
      $73,765,000
      Change: +85% Conversion: Easy
      MEDICAL BUILDING
      $67,465,000
      Change: +69% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $66,535,000
      Change: +67% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $65,110,000
      Change: +63% Conversion: Difficult
      OFFICE BUILDING
      $59,895,000
      Change: +50% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4089
    Latitude
    37.4066
    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
    2024
    $435,956
    $1,933,500
    $46,093,500
    $48,027,000
    -
    $1,933,500
    $46,093,500
    $48,027,000
    More about this property
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