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Property profile & analytics
FOR LEASE
Flex space
1701 Roseneath Rd Richmond, VA 23230
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0655145
For Lease
1 / 30
$6,000/Mo
1701 Roseneath Rd, Richmond, VA 23230
View Listing →
Property summary
AI-generated overview
This exceptional 8,400-square-foot warehouse, located at 1701 Roseneath Road in Richmond, Virginia, presents a significant opportunity for businesses seeking industrial space. The property is situated in Henrico County, zip code 23221, offering convenient access to major transportation routes. The building is currently vacant and available for immediate occupancy, providing flexibility for a new tenant to customize the space to their specific needs. The warehouse features a single-tenant occupancy, ensuring privacy and control. Ample parking is available with 115 surface parking spaces, accommodating employees and clients alike. This industrial property is ideal for various uses, including storage, distribution, or light manufacturing. The property's size and location make it an attractive option for businesses looking to establish or expand their operations in the Richmond metropolitan area. The property type is classified as industrial, and the subtype is specifically a warehouse. The total building square footage is 8,400 square feet, with the entire space currently vacant. This presents a unique opportunity for a business to lease a fully customizable warehouse in a prime location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1947
Construction
TYPE NOT SPECIFIED
Total area
8,368 SF
Lot
1.19 ac (51,749 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1792-015
UPID
US87-0655145
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Richmond Machinery & Equipment Co. Inc Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$629k
Blend (final)
Blend
$765k
Owner & transaction history
Roseneath Norfolk LLC · 1 yrs held
Roseneath Norfolk LLC
since 2024
1 recorded transaction
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+44.3%
Retail stores
$1.2M
+39.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$860,000
Current use
WAREHOUSE, STORAGE
$1,245,000
Change: +44% · Conversion: Easy
RETAIL STORES
$1,205,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$765k
Range $689k – $842k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$2,951,000
Assessed 2024
Previous assessed
$2,635,000
+12.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$2,298,000
Assessed improvement
$653,000
Land market value
$2,298,000
Improvement market value
$653,000
Total market value
$2,951,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1947
Construction
TYPE NOT SPECIFIED
Heating
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
8,368 SF
Lot
1.19 ac (51,749 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1792-015
UPID
US87-0655145
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Zoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Buildings
2
Bathrooms
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Roseneath Norfolk LLC
Entity
Mailing address
1701 ROSENEATH RD, RICHMOND, VA 23230-4451
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
$4,700,000
Roseneath Norfolk LLC
Richmond Machinery And Equipment Co
Warranty Deed
$3,000,000 · United Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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