Financial
Distress signals
Property profile

1965 Wakefield Ave Petersburg, VA 23805

OFF-MARKET
Banks
Property ID
US87-1447498
14,553 SF 1.03 ac lot Built 1979
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property is a three-story commercial building that was historically occupied by Virginia Commonwealth Bank and later used by Blue Ridge Bank (BRB) following a merger. The building includes a ground-floor space used for a BRB branch banking operation, with additional office space on the second floor that has been leased, and a third-floor area configured for rental use. The second floor is subject to an existing lease arrangement with remaining time at the time of description, and the

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$17k
Tax billed · 2019
Assessed value · 2024$1.26M
Assessed land$251k
Assessed improvement$1.01M
Effective rate1.35%

Value estimate

· Sep 2026
$270k
$243k – $297k
AI approach$270k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
The purpose of B-2 district is to provide sufficient space in appropriate locations for all types of commercial and miscellaneous service...
General categoryINDUSTRIAL
JurisdictionPETERSBURG CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.9
Building Supply23.6
Restaurant20.6

Location

1965 Wakefield Ave Petersburg, VA 23805-2113
County assessor Recorded deeds · not on file Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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