1603 Ownby Ln Richmond, VA 23220
Property profile & analytics
1603 Ownby Ln Richmond, VA 23220
- Warehouses
- 31,129 SF
- 3.52 lot acres
Property ID
US87-3878220
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
- Cirrus Vodka / Bar & Pub
- Main Line Brewery / Production Facility / Brewery & Distillery
- Fuel Purification Llc / Gas Station
- Tiffany’s Smokehouse / Restaurant
Property Details for 1603 Ownby Ln
- Year built
- 1942
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.52 lot acres
- Property size
- 31,129 SF
- Zone code
- M-2 HEAVY INDUSTRIAL
- Property type
- Warehouses
- APN
- N-000-1294-056
- APU
- N0001294056
Description
This exceptional 31,300 square foot warehouse property, located at 1603 Ownby Ln in Richmond, Virginia, presents a unique investment opportunity. Built in 1985, this masonry structure sits on a 3.889-acre lot and boasts two convenient loading docks. The asking price is $7,200,000, translating to $230.03 per square foot. The property is zoned B-7, offering versatile development potential, including multi-family, office, hotel, warehouse, and distribution uses. Its strategic location within the burgeoning Diamond District places it within walking distance of Scott's Addition and offers significant upside potential. Nearby amenities include the Park RVA Entertainment Center and the soon-to-be-constructed VCU Athletic Village and new baseball stadium (construction commencing in 2024). The Diamond District's planned expansion includes a substantial addition of residential units (1,100 multi-family units), a 180-room hotel, office space, and 58,000 square feet of retail space. Further enhancing the property's value is the recent construction of new condo and multi-family developments directly across the street. This warehouse represents a rare opportunity to acquire a significant asset in a rapidly developing and highly desirable area of Richmond. The property's zoning and location make it ideally suited for a variety of uses, promising strong returns for the discerning investor.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,941,000
- AI Estimate
- $1,611,000
Market price range: $1.51M - $5.67MMarket price range: $596k - $2.87M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,065,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4577
- Latitude
- 37.5623
- 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
$2,076,000
$589,000
$2,665,000
-
$2,076,000
$589,000
$2,665,000
