1516 Commerce Rd Richmond, VA 23224-7514
Property profile & analytics
1516 Commerce Rd, Richmond, VA 23224-7514
- Distribution centers
- 10,356 SF
- 2.42 lot acres
Property ID
US87-0865504
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.
Location Intelligence
Current Use by Public Records
- Consolidated Pipe & Supply / Factory / Metal Fabrication Plant
- Mountainside Transport Inc. / Trucking Company
Property Details for 1516 Commerce Rd
- Year built
- 1950
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.42 lot acres
- Zone code
- M-2 HEAVY INDUSTRIAL
- Property type
- Distribution centers
- APN
- S-007-0940-011
- APU
- S0070940011
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 23, 2023 | $1,675,000 | Consolidated Pipe And Supply Compan | Edward T Lacy | Warranty Deed | — |
| Mar 16, 2023 | — | Carter D Mcdowell | Donnan Mcdowell Carter | Intrafamily Transfer · related | — |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,320,000
- ML approach
- $1,410,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,640,000
- 6.5%
- $1,515,000
- 7%
- $1,405,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,081,000
Market price range: $338k - $1.13M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,725,000
- NEIGHBORHOOD: SHOPPING CENTER
- $1,700,000
- OFFICE BUILDING
- $1,530,000
- COMMERCIAL (GENERAL)
- $1,110,000
- INDUSTRIAL (GENERAL)
- $1,065,000
- AUTO REPAIR, GARAGE
- $1,025,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4297
- Latitude
- 37.5071
- 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
$679,000
$396,000
$1,075,000
-
$679,000
$396,000
$1,075,000
