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    Property profile & analytics

    1623 3rd Chopt Rd Richmond, VA 23233-7309

    • Industrial properties
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-2347722
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1623 3rd Chopt Rd

    Zone code
    B1-BUS/GEN
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    59 4 2TW
    APU
    5942TW

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Goochland
    State
    Virginia
    Longitude
    -77.6523
    Latitude
    37.6659
    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
    2021
    $381
    $0.00
    $124,500
    $124,500
    -
    $0.00
    $124,500
    $124,500

    Comparable in this City

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      0.18 Acres

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      13.00 Acres

      2000 Wilkes Rdg Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 13.00 Acres
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    • Value Estimation by Request
      5,946 SF

      12564 Broad St Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,946 SF
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    • Value Estimation
      $3,165,000
      21,020 SF

      12642 Broad St Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 21,020 SF
      12642 Broad St Rd, Richmond, VA 23233-7333
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    • Value Estimation by Request
      108,223 SF

      1800 Wilkes Rdg Cir

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 108,223 SF
      1800 Wilkes Rdg Cir, Richmond, VA 23233-7559
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    • Value Estimation
      $150,000
      1.35 Acres

      1685 St Matthews Ln

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.35 Acres
      1685 St Matthews Ln, Richmond, VA 23233-7425
      View Details

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    Similar Nearby for Lease

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    1623 3rd Chopt Rd
    Richmond, VA 23233-7309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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