Property profile

16388 Industrial Dr Milford, VA 22514

OFF-MARKET
Commercial real estate
Property ID
US87-0831366
4,247 SF 5 ac lot Built 1966
Individually Owned Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1966
Total area 4,247 SF
Lot 5 ac (217,800 SF)
Zoning code M1
APN 56-A-14
UPID US87-0831366

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16388 Industrial Dr Milford, VA 22514-2153
Milford metro Census 30300 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2026
Last sale
$325,800
6 recorded transactions
2026
Price N/A
2025
$325,800
2025
$330,000
2024
$380,000
2024
$473,000
2015
$250,000

Zoning & alternative use

M1 · Milford, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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