1606 Magnolia St Richmond, VA 23222
Property profile & analytics
1606 Magnolia St Richmond, VA 23222
- Flex space
- 20,363 SF
- 1.37 lot acres
Property ID
US87-0261352
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
- Spectra Gutter Supply / Big Box & Wholesale Store / Construction Company
Property Details for 1606 Magnolia St
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 1.37 lot acres
- Property size
- 20,363 SF
- Zone code
- M-1 LIGHT INDUSTRIAL
- Property type
- Flex space
- APN
- N-000-0719-030
- APU
- N0000719030
Description
This exceptional 20,363-square-foot warehouse, located at 1606 Magnolia St in Richmond, Virginia, presents a compelling investment opportunity. Built in 1953 and renovated in 1990, this single-story building sits on a 1.4-acre lot and is zoned M-1 Light, offering versatility for various industrial uses. The property boasts a 15-foot ceiling height, two loading docks, and one dock-high door, facilitating efficient operations. Its strategic location within the dynamic Richmond area provides excellent access to transportation networks and a skilled workforce. The solid foundation and adaptable layout make it suitable for expansion or redevelopment, catering to the needs of businesses seeking a versatile and spacious industrial space. This owner-user opportunity allows for significant customization and control, making it an attractive option for industrial investors seeking a strong foundation for growth and long-term success in a thriving market. The property's ample space and strategic location make it well-suited for optimizing manufacturing processes or adapting to new industrial ventures. This is a rare chance to acquire a substantial industrial property in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $695,000
- ML approach
- $820,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4171
- Latitude
- 37.564
- 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
$262,000
$679,000
$941,000
-
$262,000
$679,000
$941,000
